This event is archived. Final snapshot from when the story concluded. View on Dashboard
Domestic corruption conviction

Ex-Power Minister Saleh Mamman Jailed

Analysis based on 113 articles · First reported Apr 16, 2026 · Last updated May 15, 2026

Sentiment
-70
Attention
4
Articles
113
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard

The conviction of Saleh Mamman, a former Minister of Power, for diverting funds from the Mambilla Hydroelectric Power Project and Zungeru Hydroelectric Power Plant, is expected to have a positive impact on investor confidence in Nigeria's commitment to combating corruption. However, the delay and mismanagement of these critical power projects will continue to negatively affect Nigeria's energy sector and overall economic development.

Government Energy Construction

Saleh Mamman, former Minister of Power under Muhammadu Buhari's administration, has been convicted and sentenced to a cumulative 75 years imprisonment by the Nigeria — Federal High Court of Nigeria in Abuja. He was found guilty on all 12 counts of corruption and money laundering involving approximately ₦33.8 billion, funds originally earmarked for the Mambilla Hydroelectric Power Project and Zungeru Hydroelectric Power Plant. The Nigeria — Economic and Financial Crimes Commission successfully prosecuted the case, demonstrating that Mamman diverted public funds, including a $655,700 cash payment for Abuja property and siphoning money through Bureau de Change operators. Justice James Omotosho delivered the judgment in Mamman's absence, as he failed to appear in court, prompting the court to issue an arrest warrant and direct International — Interpol and other security agencies to apprehend him. The court also ordered the forfeiture of his properties and the refund of the outstanding balance of the diverted funds. This conviction is a significant development in Nigeria's fight against high-profile corruption.

priv
Bureau de Change operators, including Settings Bureau De Change Ltd, were allegedly used by Saleh Mamman to convert illicit funds into foreign currency, facilitating his money laundering activities.
Importance 40.0 Sentiment -70.0
oth
Funds earmarked for the Mambilla Hydroelectric Power Project were siphoned by Saleh Mamman, hindering its development and contributing to Nigeria's power issues.
Importance 40.0 Sentiment -20.0
oth
Funds earmarked for the Zungeru Hydroelectric Power Plant were siphoned by Saleh Mamman, hindering its development and contributing to Nigeria's power issues.
Importance 40.0 Sentiment -20.0
govactor
Importance 0.0 Sentiment 0.0
per
Importance 0.0 Sentiment 0.0
stock
Importance 0.0 Sentiment 0.0
loc
Importance 0.0 Sentiment 0.0
per
Importance 0.0 Sentiment 0.0
govactor
Importance 0.0 Sentiment 0.0
curr
Importance 0.0 Sentiment 0.0
govactor
polparty
Importance 0.0 Sentiment 0.0
govactor
Importance 0.0 Sentiment 0.0
cnt
Importance 0.0 Sentiment 0.0
ERGEN INTELLIGENCE
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About Ergen

Ergen is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.ergen.ai.