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BEDC Management Faults Takeover, Assures Customers Of Continuous Operations

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The management of the Benin Electricity Distribution Company, BEDC Plc, has said that there was no legal basis for the takeover of the company following the purported activation of the call on its collateralised shares by Fidelity Bank.

The company disclosed that all matters relating to the BEDC and Fidelity Bank were subjects for litigation before a competent court, adding that to act outside the court would amount to an illegal act, which the management said would be resisted.

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The purported activation seeks to take over the respective Boards of Kano Electricity Distribution Company, Kaduna Electricity Distribution Company and BEDC Electricity Plc (the DisCos) over their inability to repay the loans obtained to acquire majority stakes in the DisCos in furtherance of the 2013 privatisation exercise.

In a statement by the Corporate Affairs Officer, Ibeamaka Odoh, in Benin on Thursday, BEDC noted that “the referenced report also alleges that certain parties have been appointed as Board Members, Independent Directors and Managing Director of BEDC Electricity Plc. We understand these appointments have been communicated to the Bureau of Public Enterprises (BPE) and the Nigerian Electricity Regulatory Commission”.

“There is no contractual, statutory or regulatory basis for such. For the avoidance of doubt, the shares of BEDC have not been given as security to Fidelity Bank or to any other party.

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READ ALSO: BEDC Committed To Resolving Customers’ Complaints – CEO, Osibodu

“As we understand it, Vigeo Holdings Limited (VHL – a non-shareholder of BEDC) obtained credit facilities from Stanbic IBTC Bank Limited, Fidelity Bank Plc, and Keystone Bank Plc (the VHL Lenders).

“We further understand that the said credit facilities (and any enforcement action in relation thereto) have in the meantime become subject of litigation in a Court action instituted by VHL and other plaintiffs (the VHL Action) with Suit No: FHC/L/CS/239/22 – Vigeo Holdings Limited and 4 Ors v. Stanbic IBTC Bank Limited, and therefore, subjudice.

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“Any attempt by Fidelity Bank and/or BPE to intervene in BEDC in the manner being reported will be illegal, unlawful and will be resisted,” the statement added.

The company urged its customers, investors and partners in the electricity business to ignore the trending reports, while assuring them of continuing smooth operation and that it remained, “focused on its mission to ensure delivery of quality and reliable electricity to the good people of Edo, Delta, Ondo and Ekiti States.”

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Sowore Regains Freedom, Says Detention ‘Illegal

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Human rights activist and 2023 presidential candidate of the African Action Congress, Omoyele Sowore, has been released from police custody.

Sowore had been detained at the Force Headquarters in Abuja, the Federal Capital Territory since Wednesday when he honoured an invitation from the Inspector General of Police Monitoring Unit.

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The activist confirmed his release in a Facebook post.

He described his detention as “illegal and unjust.”

READ ALSO:Why Sowore Is Being Detained – Police

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The Nigeria Police Force has capitulated to the demands of the revolutionary movement. I have been released from unjust, illegal and unwarranted detention.

“However, it is nothing to celebrate, but thank you for not giving up!” he wrote.

His release comes hours after his supporters had staged protests in about five different states on Friday.

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WAEC Releases Revised 2025 WASSCE Results, Apologises For Grading Error

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The West African Examinations Council, Nigeria, has released reviewed results for the 2025 West African Senior School Certificate Examination, for school candidates, following the discovery of grading discrepancies that significantly affected candidates’ performance statistics.

In a press briefing on Friday, at the council’s national office in Yaba, Lagos, the Head of WAEC Nigeria, Dr. Amos Dangut, admitted to a serious error in the marking of serialised papers, which led to a misrepresentation of candidates’ performance.

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With deep sorrow and regret, I, on behalf of the Registrar to Council, Management and Staff of WAEC Nigeria, apologise for the discrepancies discovered in the grading of serialised papers.

“This is very difficult for us to say, but we have to admit that it is very embarrassing,” Dangut said.

According to him, the council had implemented a new security innovation known as paper serialisation, already in use by another national examination body.

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READ ALSO:WAEC Under Fire As Results Portal Goes Down

However, during post-examination reviews, it was discovered that the English Language Objective Test (Paper 3) was scored using incorrect keys due to a wrongly assigned serialised code file.

Other serialised subjects included Mathematics, Biology, and Economics.

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We investigated and discovered that a serialised code file was wrongly used in the printing of the English Language Objective paper.

“This resulted in them being marked with incorrect answer keys. It is important to note that candidates who wrote the exams using the computer-based mode were not affected,” Dangut explained.

With the error corrected, 1,794,821 candidates — representing 91.14 per cent— obtained credit and above in a minimum of five subjects (with or without English and Mathematics).

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READ ALSO:JUST IN: WAEC Shuts Down Result Portal Over Technical Issues

Notably, 1,239,884 candidates or 62.96 per cent, obtained five credits, including English and Mathematics, a significant improvement from the previously reported 38.32 per cent.

Of this number, 657,819 (53.05 per cent) were female, while 582,065 (46.95 per cent) were male candidates.

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However, this still reflects a 9.16 per cent drop from the 72.12 per cent performance recorded in 2024.

WAEC reported that a total of 1,969,313 candidates sat for the examination, including candidates from schools in Benin Republic, Côte d’Ivoire, and Equatorial Guinea, which operate the Nigerian curriculum.

The council also catered to 12,178 special needs candidates, including the visually impaired (112), hearing impaired (615), physically challenged (37), and spastic/mentally challenged (52). These candidates’ results have also been processed and released.

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READ ALSO:VeryDarkMan Mocks Okpebholo Over Alleged Poor WAEC Results, Drags Portable, Fufeyin [VIDEO]

All these candidates were adequately provided for in the administration of the examination,” said Dangut.

While 1,763,470 candidates (89.55 per cent) have had their results fully processed, 205,916 (10.45 per cent) still have one or more subjects pending due to technical issues.

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WAEC assured all that efforts are ongoing to conclude processing and release outstanding results shortly.

Meanwhile, results of 191,053 candidates (9.7 per cent) have been withheld over allegations of examination malpractice.

This is lower than the 11.92 per cent recorded in 2024.

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READ ALSO:WAEC Speaks On Rumoured Cancellation Of 2025 WASSCE Exams

Investigations are ongoing, and affected candidates can seek redress via waecinternational.org/complaints.

WAEC will continue to sanction all cases of examination malpractice. All hands must be on deck to sanitise the system,” Dangut emphasised.

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WAEC encouraged candidates to access their results via the official portal www.waecdirect.org and apply for their digital certificates, which will be available within 48 hours after result verification. Hard copy certificates will be ready within 90 days.

Dangut reminded all that candidates sponsored by indebted state governments would not have access to their results until the council receives payment.

READ ALSO:JUST IN: WAEC Shuts Down Result Portal Over Technical Issues

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We appeal to the concerned authorities to do the needful to enable affected schools and candidates to access their results,” he urged.

Dangut offered an unreserved apology to stakeholders.

We acknowledge the emotional ordeal that candidates, parents, teachers, school administrators, Ministries of Education, and the media must have endured.

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“This is a trying time for us at WAEC. We are doing everything we can to ensure this dismal situation does not recur,” he said.

WAEC also thanked the Federal Government, the Minister of Education, and state education bodies for their support during the review and resolution process.
(PUNCH)

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Fuel Pump Fraud: NNPC Fires Attendant In Viral Video, Suspends Manager

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The Nigerian National Petroleum Company (NNPC) Retail Ltd has announced the sack of a pump attendant and suspension of a Station Manager for attempting to swindle a customer at its station in Ikorodu, Lagos State.

A statement by the NNPC Ltd. on Friday said its attention was drawn to a recent video circulating on social media platforms depicting a pump attendant at a filling station attempting to swindle a customer.

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It said following a thorough investigation, the incident was traced to a station in Ikorodu, Lagos.

READ ALSO:PDP Announces National Convention Zoning Committee Inauguration Date

The NNPC Retail Limited wishes to state categorically that such behaviour is unacceptable and does not reflect the company’s commitment to integrity, transparency, and exceptional customer service.

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“In response to this incident, NNPC Retail Limited has taken the following decisive actions in line with its sanction grid:

“The pump attendant involved has been disengaged. The Station Manager has been suspended.

READ ALSO:NNPCL Increases Fuel Price

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“A formal warning letter has been issued to the dealer,” the company said.

The company, while thanking the public for being vigilant, encouraged the reporting of any incidents through the appropriate channels (customer service numbers and email displayed at all stations) for immediate action.

It also assured all customers of its continued strict enforcement of compliance with its operational standards across its network of filling stations.

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