Reps order probe into alleged N2b, $3.8m fraud by banks
The House of Representatives yesterday resolved to probe the alleged loss of over N2 billion and $3.8 million as a result of the non-payment of interest by banks from sale proceeds...
Federal Ministry of Power: Scrap the national grid!
One of the challenges which we as a nation have not overcome is power generation and distribution. It is a shame that in the 21st century when different options for energy generation are available, we have been conditioned into thinking that power failure is part of our national way of life.
NELMCO’s inherited liabilities hit N527.261 billion
Total inherited liabilities by the Nigeria Electricity Liability Management Company (NELMCO) from the privatisation of the Nigeria electricity industry stood at N527.261 billion as February 2017.
Enugu Disco, consumers parley over poor electricity supply
Tempers rose and calmed at the Customers Forum organised by the Enugu Electricity Distribution Company (EEDC) for the Aba Ariaria District, which was facilitated at the instance of the Aba Constituency Representative, Hon. Ossy Prestige.
Resolving the power sector conundrum
Electricity supply is considered the most critical impediment to the achievement of the Vision 20:2020 target of double digit growth and reduction of poverty to the barest minimum. The wide gap in electricity supply vis-a vis demand is one of the leading issues in the on-going effort to move the economy towards the desired state…
Will darkness continue forever?
The power sector in Nigeria is no doubt one of the most inefficient in meeting the needs of its consumers anywhere in the world. The Power Holding Company of Nigeria (PHCN) which before now was a wholly government-owned venture before it was sold to private entities was the organisation governing the use of electricity in Nigeria.
Vending of prepaid meter and the criminality thereof
Except those who have been through the excruciating and awful experiences trying to procure PHCN or EEDC prepaid meter, one would think once payment is made through bank draft, the meter is supplied to a customer as advertised.
Arewa leaders agree to mediate between herdsmen and warring communities
Worried about the constant Fulani herdsmen attacks and killings in the north, Arewa leaders have expressed plans to mediate between the inhabitants of warring communities and the gunmen...
Reps set to investigate sale of PHCN assets
The ad-hoc committee, inaugurated on Oct. 20, 2016, was also mandated to investigate the liquidation of PHCN under the Electricity Power sector reform Act, under the supervision of Bureau of Public Enterprises (BPE).
Reappraise PHCN sale agreement, labour urges FG
Unimpressed with the performance index of electricity companies in the country, the Senior Staff Association of Electricity and Allied Company (SSAEAC) has urged the Federal Government to re-examine the privatization agreement of the nation’s power sector.