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Band A Customers Decry Extortion By Power Firms Amid Poor Supply

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Following the approval of 240 per cent tariff increment for Band A customers by the Nigerian Electricity Regulatory Commission, some power consumers in that category are complaining of severe extortion by the various electricity distribution companies in the country amidst worsening power supply.

NERC had on Wednesday announced the tariff increment for Band A power consumers from N68 to N225 per kilowatt-hour with immediate effect.

With the new tariff, the regulator said the subsidy on electricity had been withdrawn completely from the Band A consumers, who constitute about 15 per cent of the total number of power users across the country.

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At a press briefing in Abuja on Friday, the Minister of Power, Adebayo Adelabu, insisted that the Federal Government would continue with the new tariff regime for Band A consumers despite calls for its reversal.

He said this was because the government could no longer continue paying humongous sums as power subsidy, stressing that subsidy on electricity for 2024 would cost the government about N2.9tn.

READ ALSO: New Tariff: Discos Get Deadline To Refund Customers Wrongly Billed

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But in a flurry of reactions to the development via their X handles on Saturday, some customers lamented that despite paying exorbitantly for electricity following the tariff hike, they were experiencing poor supply in their different neighbourhoods across the country.

This is just as some Nigerians in Bands B, C, D, and E alleged that they were now being made to pay N225/KWh by the Discos instead of their old tariffs after the distribution companies upgraded their payment platforms to reflect the Band A tariff increment.

An X user identified as Heybeedo @Fadodunabayomi, stated, “My environment was listed among Band A, but we have never used a 20-hour electricity supply per day. As I am typing, there has been no light since around 1am in the early hours of today (Saturday). Who will pay for the shortfall in their supply? A lot needs to be clarified.”

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Kaduna-based Tariq Abdulazeez @tariqq2 wrote, “The Kaduna Disco has failed to comply with the new regulations thereby upgrading 80 per cent of its customers to band A. We barely get 8hrs power supply.”

READ ALSO: FULL LIST: Obasanjo Farm, 27 Feeders Downgraded From Band A To E Under IBEDC

@OlaosunSina posted, “IKEDC claims OPIC in Isheri-North belongs to Band A and immediately implemented N225 per KwH. N50,000 energy (VAT inclusive) purchased yesterday (Thursday) gave 207 KwH Units. Light was taken since 9.34am today (Friday) 5th April and as of 3.37pm yet to come. This is a pure SCAM!”

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Vivo Val also tweeted, “Though I am on Band B, IKEDC gave me 82 units for N20,000.”

One Michael Ifeanyi posted on the platform, “Please NERC, ask Enugu Electricity Distribution Companies to downgrade Centenary Estate Enugu to band C we hardly enjoy 10 hours light. They are charging us for band A.”

One Bolaji @bolsaid said, “I am on Band A and have not had up to 20hrs supply in the last five days, from Easter Monday till now. NERCNG, FCCPC Nigeria,” while @Otyjonah wrote, “My environment is under Band A even though the Disco has refused to issue us a prepaid meter. I have seen power supply since 11pm on d 4th of April. Today is 6th and there is no single hour of light in almost 48hrs. Will I be made to pay for the darkness at the end of the month @NERCNG?”

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READ ALSO: New Electricity Tariff: Full List Of Eko Electric 21 Band A Areas

Lere Ojedokun @doklere said, “There is so much secrecy and loopholes in the electricity ecosystem which investors and players exploit to milk electricity consumers. This is why we will continue to be at their mercy.”

Oluwakemi @tykeemon said, “Are there really any Band A users in Nigeria? Are we joking? I get less than eight hours of electricity supply daily and I have been fraudulently classified as a Band A user. @NERCNG, you are not a regulator but an accomplice to rip off.”

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Isaac Emalunegbe said, “We in Calabar around the Akai Effa axis suffer from your Disco staff here. They will tell us we are in Band A and we get supple less than those in Band C and at the end of every month they will issue exorbitant bill. I was a victim in 2021.”

 

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Aircraft Crashes In Owerri With Four Persons Onboard

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Photo: File copy

A Cessna 172 aircraft with registration number 5N-ASR, operated by Skypower Express, has crashed at the Sam Mbakwe International Cargo Airport, Owerri, Imo State.

The aircraft had departed Kaduna International Airport en route to Port Harcourt International Airport before diverting to Owerri after the crew declared an emergency.

The crash occurred at about 8:00 pm on the airport premises, with four passengers and crew members onboard.

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Confirming the incident, the Director, Public Affairs and Family Assistance of the Nigerian Safety Investigation Bureau (NSIB), Mrs. Bimbo Oladeji, said the agency had been notified of the crash.

READ ALSO:Social Media Feud Spills Into Aircraft As VDM, Mr Jollof Exchange Blows

According to the NSIB, the aircraft crashed on the approach area of Runway 17, but no fatalities have been recorded so far.

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The statement said: “Following the occurrence, airport emergency services were successfully activated and arrived on site promptly. Reports indicate that there was no post-crash fire, and the runway remains active for flight operations, with other aircraft taking off safely after the incident.

“Efforts are currently underway to coordinate the recovery and evacuation of the distressed aircraft from the crash site to allow for a detailed wreckage examination.”

The NSIB said it has officially activated its investigation protocols in line with its statutory mandate

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READ ALSO:Ogun To Prosecute DJ Over Multiple Road Crashes

The Director-General of NSIB, Capt. Alex Badeh Jr., sympathised with the management of Skypower Express over the incident and expressed relief that no lives were lost.

Badeh Jr. added that the Bureau’s investigation team is already coordinating with relevant authorities to secure the crash site and commence a detailed investigation into the cause of the accident.

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Two days ago, 11 persons narrowly escaped death as a private jet crash-landed at Mallam Aminu Kano International Airport, Kano, on Sunday morning.

The occupants, including passengers and cabin crew, were safely evacuated amid an intense atmosphere, eyewitnesses told The Guardian.

READ ALSO:Tanker Crash Kills Three, Fire Razes Shops In Kano

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The private jet, owned by Flybird Aviation, crash-landed at about 9:30 a.m. while approaching Kano Airport en route to Abuja.

The incident attracted urgent attention, with emergency staff and other stakeholders converging at the runway to render rescue operations.

The management of the Federal Airports Authority of Nigeria (FAAN) is yet to release an official statement on the incident. Unofficial sources disclosed that the passengers have been taken to an unknown destination.

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Several aircraft incidents have occurred at Kano Airport, with several lives lost.

The last incident occurred in May 2002, when an EAS Airline aircraft departed the runway at Aminu Kano International Airport at 1:29 p.m. local time en route to Lagos.

 

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Musk Breaks Record As First Person Worth Over $600 Billion

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Elon Musk, Chief Executive Officer of SpaceX, Tesla, and xAI, has reached a new personal wealth milestone, surpassing a net worth of $600 billion, driven primarily by a recent valuation increase of SpaceX.

The development makes Musk the first individual in history to exceed the US$600 billion threshold.

According to Bloomberg’s Billionaires Index, Musk’s net worth stood at approximately $638 billion as of 15 December 2025, with the increase largely attributed to SpaceX, which was recently valued at around $800 billion following an insider share sale.

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The privately held aerospace company, based in Starbase, Texas, is now considered the most valuable private firm globally, significantly boosting Musk’s personal holdings.

READ ALSO:Elon Musk Joins ‘Cancel Netflix’ Campaign

Musk’s stake in Tesla, estimated at roughly 12 per cent, is valued at nearly $200 billion, while his majority ownership of xAI Holdings is estimated at $60 billion.

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Collectively, these assets place him on track to potentially approach US$700 billion, widening the gap between him and the world’s second-richest individual, former Google CEO Larry Page, valued at $265 billion.

The SpaceX valuation comes ahead of a projected public listing in 2026, which could see the company valued at approximately $1.5 trillion.

Other shareholder meetings are snooze-fests but ours are bangers. Look at this. This is sick,” Musk said in November during Tesla’s shareholder meeting, referring to a performance-linked pay package approved by investors.

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READ ALSO:EU Fines Elon Musk’s X €120m For Violating Digital Content Rules

He added, “I super appreciate it.” The package, potentially worth up to US$1 trillion in stock, is tied to market-capitalisation and operational milestones over the next decade.

SpaceX’s Starlink satellite network has also contributed to investor confidence. The company continues to expand high-speed internet access to underserved regions worldwide.

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Chad Gibbs, Vice President of Starlink Operations, stated that the satellite technology “bypasses the need to build massive amounts of infrastructure,” allowing broader and faster connectivity.

Musk’s ascent in personal wealth follows years of strategic risk-taking and long-term planning, with Tesla’s focus on electric vehicles, battery technology, and autonomous systems laying the foundation for his financial growth.

Analysts note that the combination of SpaceX’s soaring valuation, Tesla’s long-term incentives, and Musk’s diverse portfolio underpins his current status as the world’s wealthiest individual.

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South Korea, Japan Protest China, Russia Aircraft Incursions

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South Korea and Japan reacted furiously on Wednesday after Chinese and Russian military aircraft conducted joint patrols around the two countries, with both Seoul and Tokyo scrambling jets.

South Korea said it had protested with representatives of China and Russia, while Japan said it had conveyed its “serious concerns” over national security.

According to Tokyo, two Russian Tu-95 nuclear-capable bombers on Tuesday flew from the Sea of Japan to rendezvous with two Chinese H-6 bombers in the East China Sea, then conducted a joint flight around the country.

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The incident comes as Japan is locked in a dispute with China over comments Prime Minister Sanae Takaichi made about Taiwan.

READ ALSO:China Backs Nigeria, Warns Against Foreign Interference

The bombers’ joint flights were “clearly intended as a show of force against our nation, Defence Minister Shinjiro Koizumi wrote on X Wednesday.

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Top government spokesman Minoru Kihara said that Tokyo had “conveyed to both China and Russia our serious concerns over our national security through diplomatic channels”.

Seoul said Tuesday the Russian and Chinese warplanes entered its air defence zone and that a complaint had been lodged with the defence attaches of both countries in the South Korean capital.

Our military will continue to respond actively to the activities of neighbouring countries’ aircraft within the KADIZ in compliance with international law,” said Lee Kwang-suk, director general of the International Policy Bureau at Seoul’s defence ministry, referring to the Korea Air Defence Identification Zone.

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READ ALSO:Trial For South Korean Woman Accused Of ‘Suitcase Murders’ Starts Today

South Korea also said it deployed “fighter jets to take tactical measures in preparation for any contingencies” in response to the Chinese and Russian incursion into the KADIZ.

The planes were spotted before they entered the air defence identification zone, defined as a broader area in which countries police aircraft for security reasons but which does not constitute their airspace.

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Japan’s defence ministry also scrambled fighter jets to intercept the warplanes.

Beijing later Tuesday confirmed it had organised drills with Russia’s military according to “annual cooperation plans”.

READ ALSO:South Korean Actress Kim Sae-ron Found Dead In Seoul Apartment

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Moscow also described it as a routine exercise, saying it lasted eight hours and that some foreign fighter jets followed the Russian and Chinese aircraft.

Since 2019, China and Russia have regularly flown military aircraft into South Korea’s air defence zone without prior notice, citing joint exercises.

In November last year, Seoul scrambled jets as five Chinese and six Russian military planes flew through its air defence zone.

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Similar incidents occurred in June and December 2023, and in May and November 2022.

READ ALSO:Russia Insists Ukraine Must Cede Land Or Face Continued Military Push

Meanwhile, Tokyo said Monday it had scrambled jets in response to repeated takeoff and landing exercises involving fighter jets and military helicopters from China’s Liaoning aircraft carrier as it cruised in international waters near Japan.

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It also summoned Beijing’s ambassador after military aircraft from the Liaoning locked radar onto Japanese jets, the latest incident in the row ignited by Takaichi’s comments backing Taiwan.

Takaichi suggested last month that Japan would intervene militarily in any Chinese attack on the self-ruled island, which Beijing claims as its own and has not ruled out seizing by force.

AFP

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