October 2019

NERC, CBN Consider Ways To Monitor Electricity Market Fund

NERC, CBN Consider Ways To Monitor Electricity Market Fund

In a bid to curb the poor remittances of power market funds by distribution companies, the Nigerian Electricity Regulatory Commission (NERC) is to set up mechanisms to rectify the Discos’ unruly financial behaviours by monitoring the monthly financial inflows into the country’s power market from the power distribution firms, journalists learnt at the weekend.

According to a source, a new Central Bank of Nigeria (CBN) and NERC-driven presidential initiative on power market revenue would be rolled out soon to ensure that the Discos no longer default in their minimum monthly remittances to the market.

The source said the CBN was …

NSCDC Officer Shot In Kidnap Attack In Abuja Dies

NSCDC Officer Shot In Kidnap Attack In Abuja Dies

An officer of the Nigeria Security Civil Defence Corps (NSCDC), who was shot during kidnappers’ onslaught on Pegi community in Kuje Area Council of the FCT, has died.

The victim, Samuel Aku Attah, a Chief Superintendent Officer in the NSCDC, died at the Gwagwalada Specialist Hospital, where he was receiving treatment.

The 44-year-old is survived by two children and aged parents. He was shot when gunmen, dressed in military camouflage, kidnapped nine persons during a raid on the community on October 8.

Meanwhile the Association of Local Government Vice Chairmen of Nigeria, (ALGOVC) has concluded arrangement to hold its …

AMCON Seeks Much Collaboration To Recover ₦5trillion Debt

AMCON Seeks Much Collaboration To Recover ₦5trillion Debt

The Managing Director/Chief Executive Officer of AMCON, Mr. Ahmed Kuru has said that the agency would require support of other agencies to help in the recovery of over ₦5.4trillion outstanding debt in the hands of a few Nigerians.

Aside from collaborating with the likes of the Economic and Financial Crimes Commission (EFCC); Independent Corrupt Practices and Other Related Offences Commission (ICPC); Nigerian Financial Intelligence Unit (NFIU); Nigerian Deposit Insurance Corporation (NDIC), the Central Bank of Nigeria (CBN) as well as Ministry of Justice, Kuru has extended hand of fellowship to the judiciary whom he said must strongly support AMCON to …

In Ekiti State: Fayemi Remits ₦4Bn UBEC Counterpart Funds

In Ekiti State: Fayemi Remits ₦4Bn UBEC Counterpart Funds

Ekiti State Governor Kayode Fayemi has said the payment of counterpart funds by his administration will facilitate the transformation of basic education in the state.

The Governor disclosed this in Ido Ekiti while commissioning a block of six classrooms at Ekiti Parapo College as part of activities marking the first anniversary of his administration.

Fayemi, who was represented by the Deputy Governor, Otunba Bisi Egbeyemi, disclosed that payment of ₦4 billion counterpart funds to the Universal Basic Education Commission (UBEC) will change the face of basic education in the state.

Other projects commissioned were a police station in Igogo Ekiti …

NCC Grants Airtel Permission To Disconnect GLO Network

NCC Grants Airtel Permission To Disconnect GLO Network

The Nigerian Communications Commission (NCC) has granted Airtel Networks Limited an approval to partially disconnect Globacom from its network.

“The Commission having examined the application and circumstances surrounding the indebtedness determined that the affected operator does not have sufficient reason for non-payment of interconnect charges,” NCC spokesman Henry Nkemadu said in a statement.

“All subscribers are, therefore, requested to take notice that the Commission has approved the partial disconnection of Glomobile by Airtel in accordance with Section 100 of the Nigerian Communications Act 2003 and the Guidelines and Procedure for Granting Approval to disconnect Telecommunication Operators.”

Nkemadu disclosed that Glo …

Youths Protest Over Awful Minna-Suleja, Minna-Bida Roads

Youths Protest Over Awful Minna-Suleja, Minna-Bida Roads

Hundreds of youths early Monday morning blocked the Minna-Suleja and the Minna-Bida roads in Niger State protesting against the dilapidated state of the federal highways.

The two road networks are the major access to and out of Niger State.

The youths carrying placards sat on the road thereby stopping vehicular movement in and out of the state, they also vowed to continue the protest until the Niger State and federal governments accede to their demands.

It was learnt that the protest was organised by the Niger State chapter of the National Youth Council of Nigeria.

THISDAY reports that motorists and …

Federal Government Insists On Review Of Broadcasting Code

Federal Government Insists On Review Of Broadcasting Code

The Minister of Information and Culture, Alhaji Lai Mohammed has stated that no amount of attacks, sponsored or otherwise, will stop the implementation of approved recommendations on reform of broadcasting code.

The minister stated this yesterday at a meeting with Online Publishers in Lagos.

“Let me be straight: No amount of attacks, sponsored or otherwise, will stop the implementation of the approved recommendations.

“Only non-patriots and anarchists will kick against measures aimed at putting an end to fake news and hate speech, especially in our broadcast industry.

“Only those who are guilty should be afraid of the efforts to sanitise …

Accident Involving Hot Porridge Kills 3 Children In Bauchi

Accident Involving Hot Porridge Kills 3 Children In Bauchi

An extremely hot porridge being transported in a tricycle in Bauchi has claimed the lives of three children, aged between nine months and nine years.

The porridge was transported in a jumbo-size plastic flask when the tricycle plunged into a pothole and upturned, emptying its contents on its occupants who suffered severe burns and later died.

A relation of the victims, Malam Auwal Bala said, yesterday, that the tragedy occurred on Wednesday while the family was celebrating the marriage of a member.

READ ALSO: Kogi State Announces David Onoja As New Deputy Governor

“Three women and six children were inside …

Jose Mourinho And Ole Solskjaer Fire Back At Klopp

Jose Mourinho And Ole Solskjaer Fire Back At Klopp

So, after Liverpool manager Juergen Klopp criticised Manchester United’s tactics and said their opening goal should have been ruled out for a foul, he received a surprising response.

Manchester United had a 1-1 draw with Liverpool at Old Trafford. It came not only from his Manchester United counterpart Ole Gunnar Solskjaer but also Jose Mourinho.

Mourinho was in charge of the club until he was sacked in December last year.

Klopp had made some pointed comments about the way Solskjaer set Manchester United up with a 5-3-2 formation and the way they focused on frustrating his side.

They had won …

West Exploiting And Reaping Off African Countries – Putin

West Exploiting And Reaping Off African Countries – Putin

In a bid to reclaim their lost influence and dominant positions within the African continent, Russian President, Vladimir Putin, has alleged that Western countries have taken to pressure, intimidation and blackmail.

Speaking ahead of the Russia-Africa Summit billed to hold in Sochi, Russia on October 24, Putin said western countries want to reap excess profits and exploit the African continent’s resources without any regard for its population, environmental or other risks.

Putin however said Russia is not going to participate in a new “repartition” of the continent’s wealth; rather, Russia is ready to engage in competition for cooperation with …

2020: Petroleum Ministry Budgets ₦42M For Sewage Disposal

2020: Petroleum Ministry Budgets ₦42M For Sewage Disposal

Ministry of Petroleum Resources has budgeted a sum of ₦42,980,935 for disposal of sewage in the 2020 appropriation bill. The ministry also budgeted ₦104 million for local travel, transport and training.

This was contained in a document which gives a breakdown of the ministry’s 2020 appropriation bill obtained by newsmen.

In the proposed budget tagged: ‘Deliverables of the Next Level Agenda,’ the ministry promised to eradicate smuggling of Premium Motor Spirit (PMS) across Nigerian borders and also implement reduction of government stake in oil ventures to 40 percent.

The ministry also promised to complete gas flare commercialisation programme, and …

ASUU Prepares For Showdown With Government Over IPPIS

ASUU Prepares For Showdown With Government Over IPPIS

The peace in universities in the country may be disturbed as the Academic Staff Union of Universities (ASUU) is poised for a showdown with the federal government over the planned imposition of Integrated Personnel Payroll System (IPPIS) on its members.

We learnt that the leaders of the union had summoned an emergency National Executive Council where it was agreed that the leadership of the union at chapter level should begin mobilisation of members for an action against the Muhammadu Buhari-led government.

The present administration had reportedly directed that any worker not on the IPPIS would no longer receive salary.

ASUU …