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NERC warns FG’s electricity subsidy could reach N2.4 trn year-end

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According to the Nigerian Electricity Regulatory Commission (NERC), the total amount of electricity subsidies might reach N2.4 trillion by 2024.

At the PricewaterhouseCoopers (PwC) annual power and utilities roundtable in Lagos on Thursday, Yusuf Alli, the NERC’s commissioner of planning, research, and strategy, gave a speech.
According to Alli, changes in tariffs and difficulties with foreign currencies caused the subsidy to fluctuate.

“The monthly electricity subsidy was N1.9 trillion as of November, but based on current trends, it is anticipated to reach N260 billion in December,” he stated.

“It was reduced by more than N100 billion when the action was taken in April to increase the tariff for band A,” he said.

However, the macroeconomic environment has regrettably regressed to some extent.

As of right now, our best estimate for 2024 is that the total amount of subsidies will be N2.4 trillion.

Since the generating businesses are currently the ones who are not receiving their full payment due to the deficits, it is implied that the federal government, Ministry of Finance, would need to find the funds to pay them.

According to the NERC’s Q2 2024 quarterly report, the federal government’s obligation to pay power subsidies was N380 billion, a 40% decrease from the N633.3 billion spent in Q1 2024.

Read Also: Iyabo Ojo links VDM’s behavior to challenging upbringing

In an effort to lower the amount of money the federal government spends on power subsidies, the commission authorized an increase in electricity rates for Band A consumers on April 3.

Customers who fall under this category and receive 20 hours of power supply every day will now pay N225 per kilowatt (kW), up from N66, according to the agency.

According to the NERC, the agreed pricing would result in a about N1.14 trillion reduction in power subsidies for the fiscal year 2024.

Iyabo Ojo links VDM’s behavior to challenging upbringing

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In response to VeryDarkMan’s alleged bribery and infidelity, Iyabo Ojo has responded.
In a lengthy Instagram post, Iyabo Ojo offered her condolences for VDM’s alleged poisonous behavior stemming from his difficult upbringing.
VDM’s parents’ incapacity to offer a secure and caring environment, Iyabo underlined, resulted in unresolved anguish and wrath.

Following his many accusations against her, including claims of infidelity and bribery, Iyabo Ojo has answered to VeryDarkMan.

Iyabo Ojo shared her sympathy for VDM’s challenging background in a lengthy Instagram post, stating that she thinks it contributed to his bad conduct.
She brought up the fact that VDM’s parents failed to give him a secure and caring environment, which led to unresolved anger and emotional misery.
Iyabo Ojo expressed concern over VDM’s mother’s parenting decisions and asked why she allowed her child to be independent at such a young age.

She also attacked VDM’s mother for not being able to provide for her children and for depending too much on her ex-husband.

Rather than misdirecting his hatred against innocent people, the actress advised VDM to seek inner peace and ask his parents for forgiveness.

Read Also: Court Strikes Out Electricity Theft Charge Against Property Developer, Osakwe

After VDM accused Iyabo Ojo of engaging in a threesome with her daughter and accepting N65 million to promote justice for the late musician Mohbad, Ojo made these comments.

The author wrote:

Vincent, I’ve learned more about your actions, and it’s very depressing. You don’t seem to have had a stable, loving, or caring upbringing. The root of your toxic narcissistic behavior is unresolved anger and anguish about your parents’ lack of care.

You have decided to criticize successful men and women rather than the people who are accountable. As you tell your story, it becomes evident that you had to steal food to survive and that you nearly got lynched as a child. How could your mother have allowed such to occur? Why did you not take more action to give your child stability, Mama Vincent?

Vincent, your unresolved trauma has made you a toxic, manipulative, and dishonest individual who damages people’s reputations in order to gain attention. The source of your ire is not Paulo, Mama Festus, Priscilla, or me; it is your parents.

“It’s evident from your fascination with me that you think of me constantly. If it results in improved sleep, keep going. However, I implore you to remove hatred from your heart and forgive your parents. You will find tranquility only after that.

Nigerians respond as French president Macron tweets in pidgin

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In Pidgin, internet users replied to French President Bola Tinubu’s tweet welcoming him to France.
Macron highlighted the strong friendship and partnership between the two countries and hailed Tinubu’s state visit as a major honor for France.
A tweet from the French president welcome President Bola Tinubu to France in Pidgin has been reacted to by netizens.
Macron highlighted the strong friendship and partnership between the two nations in a tweet on Thursday night, calling Tinubu’s state visit a “big honor for France.”

As a great friend and partner of today and tomorrow, he said, “It is a great honor for France, dear President Bola Tinubu @officialABAT, to welcome you for this state visit.”
“It still brings me great joy to remember that I was a young intern at the French Embassy in Nigeria back then,” said Acron, who had previously interned at the French Embassy in Nigeria, as he reflected on his connections to the nation.

In response, the online community has praised the President for his attempts to establish cultural ties with Nigeria.

Read Also:Governor Sani Welcomes Reformed Bandits, Reopens Birnin Gwari Market

Furthermore, some have argued for the recognition of Pidgin as Nigeria’s official language.

In other events, Chief Priest announced on social media that Davido’s newest luxury cars have arrived in Lagos.

These cars, which add to Davido’s already impressive collection, include a Tesla Cyber Truck and a Rolls-Royce Spectre.

Chief Priest praised Davido as the “Greatest of All Time” (GOAT) and shared pictures of the vehicles on his Instagram account. In addition, he promised to celebrate in style and proposed an eventful December in Lagos.

We Call Me the Greatest of All Time, @davido Let’s see how this December turns out. Sheee Dem Get, Electric Money, We’re Going to Turn This Lagos Upside Down.

Court Strikes Out Electricity Theft Charge Against Property Developer, Osakwe

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Justice Binta Murtala Nyako of the Federal High Court sitting in Abuja, has struck out the criminal charges filed against a property developer, Mr Cecil Osakwe.

The court struck out the charge following its withdrawal by the office of the Attorney-General of the Federation and Minister of Justice.

Justice Nyako discharged Osakwe, after the prosecutor, Mamman Alibaba, moved motion for the withdrawal of the criminal charge.

Justice Nyako held, “it is hereby ordered as follows: That as requested by the Office of the Attorney-General of the Federation, the Charge be and it is accordingly struck out.
“That the Defendant is hereby discharged”.

The federal government had filed a criminal charge against Osakwe over allegation of electricity theft.

Before the case was struck out by the court, at the last adjourned date, the case was stalled due to some discrepancies in the statement of one of witnesses called by the federal government.

At the resumed trial, the prosecutor, Mr Alibaba Mamman called his witness, Mr John Suleiman who adopted his witness statement and identified some exhibits said to be the numbers of metres that were allegedly tempered with.

The defence counsel, Mr Victor Giwa, however, raised objections to the tendering of the exhibits on the grounds that the prosecutor had not attached such documents to the witness statement of Suleiman that he made available to him.

The trial judge, Justice Binta Nyako agreed that, if such documents were not attached to Suleiman’s witness statement, he was not the right person to tender the documents in court.

In view of the following, the prosecutor prayed the court for an adjournment to enable him put his house in order.

Earlier, a prosecution witness, Mr Gabriel Ojo who identified himself as a former staff of the Abuja Electricity Distribution Company, (AEDC) told the court that he had received a complaint from a whistle blower on the alleged theft of electricity at one of the property of the defendant.

Ojo said that he constituted a team who investigated the complaint after which the report was forwarded to the management of the AEDC.

“I believe that the management passed the report to the revenue protection unit but I do not know what happened thereafter,” Ojo said.

He also told the court that he could not remember the names of the security guards at the defendants property that his team interacted with in the course of their investigations.

NNPCL defends Port Harcourt refinery status, criticizes Rivers community leader

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According to a Rivers State Alesa community leader, the Nigerian National Petroleum Company Limited has refuted the assertion that fuel is not yet being produced at the Port Harcourt refinery.

In a Thursday appearance on national television, Timothy Mgbere, a purported Alesa leader, accused the NNPCL of deceiving Nigerians by claiming the refinery was already processing crude oil.

In a statement released on Friday, Olufemi Soneye, the spokesperson for the NNPCL, accused Mgbere of being blatantly ignorant of how a refinery operates and said that he would not have responded to him with dignity if it weren’t necessary to correct the records.

The previous Port Harcourt Refinery, according to Mgbere, was only barely functioning and wasn’t handling PMS. The fact that the PMS truck-out was conducted at the new Port Harcourt Refinery’s gantry rather than the old one served as his evidence.

This shows how little he knows about the refinery’s functioning. For product load-out, the old and modern Port Harcourt Refineries have subsequently been combined into a single terminal.

Power and storage tanks are among the utilities they share. This implies that goods from the Old Port Harcourt Refinery can also be delivered to the loading gantry and storage tanks that he stated were part of the new Port-Harcourt Refinery, Soneye clarified.
By claiming that the PMS that was loaded off of the purported loading gantry of the new Port Harcourt Refinery was “old stock” from the previous Port Harcourt Refinery, Mgbere contradicted himself, according to the NNPC Chief Communications Officer.
What was the process by which the alleged “old stock” was transferred from the old Port Harcourt Refinery to the loading gantry of the new one?

Read Also:Reps to Host Monday’s National LG autonomy Summit

For a show, the old PMS stock from the old Port Harcourt Refinery can be moved to the loading gantry of the new Port Harcourt Refinery, according to the faulty reasoning of the so-called “community person.” However, newly produced PMS from the old Port Harcourt Refinery can only be loaded at its own dedicated gantry. It is blatant illiteracy on exhibit here! Soneye made a point.

“The nameplate capacity of the refinery is 60,000 barrels of oil per day,” Soneye said in reference to the refinery’s present capacity. It is now generating at 90% throughput, which means that, in addition to other products like diesel and kerosene, 1.4 million liters of PMS are made from Straight-Run gasoline (Naptha).

“We urge the public to reject the assertions of the self-described ‘community person,’ which are clearly motivated by sheer mischievousness and flagrant ignorance,” the statement said.

2023 Hajj: NAHCON returns N5.3bn to states, tour operators

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Refunds of N4.4 billion have been given by the National Hajj Commission of Nigeria, or NAHCON, to the Armed Forces, the Federal Capital Territory (FCT), and the pilgrims’ welfare boards in 36 states.

Muhammad Musa, NAHCON’s Head of Public Affairs, announced this in a statement on Thursday in Abuja.

Mr. Musa clarified that the reimbursement related to the improperly provided energy services during the Masha’ir (core Hajj period) by the Saudi authorities during the 2023 Hajj.

Furthermore, the Commission has reimbursed 192 authorized tour companies that took part in the 2023 hajj a total of N917,148,479.99.

This sum is meant to be paid to the individual pilgrims, and the other participating businesses will also receive their money back following a proper reconciliation.

“This reimbursement demonstrates NAHCON’s dedication to maintaining accountability and transparency in the administration of Hajj operations, led by its Chairman, Prof. Abdullahi Usman.”

Mr. Musa clarified that in order to obtain their refunds, pilgrims who took part in the 2023 hajj were encouraged to get in touch with their individual State Pilgrims’ Welfare Agencies, Boards, and Commissions, or tour operators.

Every Pilgrim is eligible for an N61,080.00 reimbursement. This news release includes a comprehensive breakdown of the number of pilgrims by state and the associated numbers.

The commission hereby requests that all pilgrims planning to do the Hajj in 2025 swiftly submit their Hajj fees with the appropriate state pilgrims board.

Read Also:Reps to Host Monday’s National LG autonomy Summit

In strict accordance with the regulations established by the Kingdom of Saudi Arabia, this step is necessary to guarantee the prompt transfer of cash to NAHCON, enabling early preparations for the 2025 Hajj.

NAHCON urges the Independent Corrupt Practices and Other Related Offenses Commission (ICPC), the Economic and Financial Crimes Commission (EFCC), and other pertinent security authorities to keep a careful eye on the refund procedure in the interest of due process and transparency.

“The goal of this partnership is to guarantee that all refunds are paid out correctly and reach the designated recipients without any inconsistencies,” Mr. Musa stated.

Governor Sani Welcomes Reformed Bandits, Reopens Birnin Gwari Market

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Kaduna State Governor Uba Sani opened the livestock market, which had been shuttered for over a decade due to insecurity, and welcomed the first group of remorseful criminals to Birnin Gwari on Thursday.

The governor added that in order to achieve long-term peace and development, his administration would treat all state residents fairly and justly, “whether they are farmers, herders, or traders.”

He revealed that the state administration has formed “The Peace Dialogue Group” in cooperation with several federal authorities, and that group has been actively interacting with all parties involved.

Through countless meetings and in-depth conversations, we have established trusting relationships,” Mr. Sani stated. Together with their supporters, a number of prominent bandit leaders had surrendered their weapons and accepted peace.

The state government, in collaboration with the federal government, has created a rehabilitation program for these persons, he said.

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He continued by saying, “This program complies with international standards for disarmament, demobilization, and reintegration, guaranteeing that these individuals can rejoin society as contributing members of society.”

“While we welcome those who choose peace, we will not hesitate to take decisive action against anyone who continues to perpetuate violence,” the governor said, warning that the principle of “carrot and stick” will be the basis for the rehabilitation of the repentant bandits.

He added, “The security, law enforcement, and intelligence agencies have already achieved significant results, neutralizing the kingpins of bandits, dismantling criminal networks, and rescuing kidnapped victims.”

His government is creating what he called the “Kaduna Model,” a comprehensive framework for long-term peace and stability, according to Mr. Sani.

This concept will incorporate investments in rural development and conflict resolution in addition to disarmament, demobilization, and reintegration.

He continued by saying, “It is a holistic approach that addresses both the symptoms and the root causes of insecurity.”

“Through strategic communication and inclusive governance, we have earned the trust and confidence of our people,” Mr. Sani remarked, highlighting the impressive advancements made during his administration.

Farmer-herder conflicts and ethnoreligious tensions are quickly disappearing, and insecurity is drastically declining.

“Our peacebuilding initiatives have garnered the support of communities from a wide range of ethnic and religious backgrounds, promoting greater harmony and mutual understanding.”

The governor maintained that even while his administration was making progress in reviving the rural economy, his efforts would not be successful without security.

We have prohibited the Yan Sa Kai’s operations, restored rural marketplaces, and tightened oversight of vigilance organizations.

“These actions are meant to build trust and create a space where peace can thrive,” he stated.

Read Also: TETFund halts foreign scholarships for academic staff

As the cornerstone of enduring peace, Mr. Sani stated that his administration promotes communication and has an open door policy.

My advice to anyone thinking about joining the military is straightforward: speak with us first, he continued. Instead of using violence, let’s use discussion to settle disagreements.

“I implore the bandits who still oppose peace to think twice. It’s enough. Force levies, livestock rustling, kidnapping, and other criminal acts are no longer an issue.

“Those who truly want to change will discover a government willing to help them rebuild their lives, protect them, and support them.”

TETFund halts foreign scholarships for academic staff

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The foreign component of the TETFund Scholarship for Academic Staff (TSAS) Intervention has been approved by the Board of Trustees of the Tertiary Education Trust Fund (TETFund) to be suspended, effective January 1, 2025.

Abdulmumin Oniyangi, the fund’s head of public affairs, provided media in Abuja with a statement on Thursday that included this information.

The high rate of foreign scholar absconding and the exorbitant expense of training in foreign institutions, according to Mr. Oniyangi, were the reasons for the suspension.

He, however, said the TETFund scholars who have already enrolled in foreign institutions would continue to draw down on their scholarships till the end of their programmes.

“It is expected that the suspension will conserve and reduce the pressure on foreign exchange rate, boost investment and local capacity in Nigerian tertiary educational institutions and significantly increase the number of beneficiaries of the intervention.

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“To this end, TETFund in collaboration with the National Universities Commission (NUC) has intensified efforts in the implementation of the Trans-national Education Guidelines recently approved by President Bola Tinubu,” he said.

He added that under the scheme, top ranking institutions from the United Kingdom, United States of America, Malaysia, Brazil, etc. would be encouraged to mount programmes in partnership with Nigerian institutions.

He said this is in a bid to offer the same standard and quality of courses that are obtainable in their home institutions.

He added that beneficiary institutions of TETFund had been advised to prioritise their training needs for implementation in Nigerian institutions and ensure strict compliance.

 

Reps to Host Monday’s National LG autonomy Summit

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On Monday, December 2, 2024, the House of Representatives Committee on the Review of the 1999 Constitution will host a nationwide discussion on local government autonomy.

Benjamin Kalu, the Committee’s chairman and deputy speaker of the house, revealed this on Thursday at a quick panel meeting at the National Assembly Complex in Abuja.

“The national dialogue aims to consolidate ideas for a robust discussion on the independence of local government administration in Nigeria,” said Kalu, who represents the Bende Federal Constituency in Abia State.
He said, “Distinguished colleagues, I would like to remind us of the upcoming national dialogue on local government and constitutional amendment scheduled for Monday, 2nd December 2024, in Abuja. This event is a vital platform to consolidate ideas and strategies for achieving a robust local government framework, which is critical to our constitutional review efforts.

“In addition, other engagements we will have include public engagement on tax reforms as they concern constitutional amendment and a public engagement with political parties.

“As we continue in this historic undertaking, let us remain guided by our shared commitment to strengthening our democracy, deepening our federal structure, and fostering unity and prosperity for all Nigerians.”

Read Also:Akwa Ibom Sets Friday as Work-Free Day in Tribute to Late First Lady

The Deputy Speaker also disclosed that the committee will commence zonal public hearings in January 2025.

This follows the committee’s resolution on the locations of the public engagements.

According to him, the hearings will hold as follows-North East: Gombe and Borno States; North Central: Nassarawa and Niger; North West: Kaduna and Sokoto; South East: Enugu and Imo States; South South: Bayelsa and Cross River States; and South West: Lagos and Ondo States.

He also emphasised the importance of inclusivity in the committee’s task, saying, “There are locations in all the geo-political zones for our public engagements next year. Those from these states should engage your colleagues in the House, engage your governors and members of your Houses of Assembly.

“Draw up your own local plan and let us have it so that we can integrate it into our own plan to guide us. We expect a full hall.

It is necessary to include all pertinent stakeholders from your states in the stakeholder engagement list. Do not treat political parties differently, please. no prejudice based on religion. No prejudice based on tribe. We will find a means to get your thoughts on the 161 topics we are now looking at, so all Nigerians should be in that room.

“In this manner, it will be simpler for people to enter and give presentations that address stakeholders’ interests.” There is a lot of labor involved, and it begins in January,” Kalu continued.

Breaking: Nigerian police arrest ex-commissioner Ihekweme in Abuja, transfer him to Owerri

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Former commissioner Dr. Fabian Ihekweme, a strong opponent of Imo State Governor Hope Uzodinma, was taken into custody.

The Nigeria Police Force took him into custody at his home in Abuja.

SaharaReporters was informed that the arrest took place on Wednesday while his wife and kids were there.

According to reports, Ihekweme was kidnapped from his house and brought to Owerri, Imo State.

In a tweet on Thursday, human rights attorney Deji Adeyanju disclosed the arrest’s specifics.

He wrote: “Last night, policemen kidnapped critic Dr. Fabian Ihekweme from his Abuja home in front of his wife and kids and took him to Owerri.”

Read Also: Sean ‘Diddy’ Combs denied Bail again in sex-trafficking case

“His offense was disparaging Imo State Governor Hope Uzodinma.”

Adeyanju vehemently denounced the action, calling it an assault on the right to free expression.

Additionally, he compared Uzodinma’s purported intolerance for criticism to Burna Boy, a Nigerian rapper. “Like Burna Boy, like Uzodinma,” he said.

Yesterday, police officers kidnapped critic Dr. Fabian Ihekweme from his Abuja house in front of his wife and kids and transported him to Owerri. His offense was disparaging Imo State Governor Hope Uzodinma. Like Burna Boy, like Uzodinma.