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Edo, Delta, Ondo, Ekiti To Repurchase Shares, Reorganize BEDC To Solve Electricity Crisis

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Plans are underway by governments of Edo, Delta, Ekiti, and Ondo states, to buy back their shares from the Benin Electricity Distribution Company (BEDC) and reorganize the distribution company, providing a lasting solution to the electricity crisis in the affected states.

Governor of Edo State, Godwin Obaseki disclosed this while speaking to newsmen.

According to Obaseki, he is in talks with the governors of the three states to buy back their shares in BEDC, ensuring Edo, Delta, Ekiti and Ondo states generate and distribute their own electricity.

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Obaseki said electricity is key in driving development in any society, noting that his government has over the past seven years taken deliberate steps to encourage investments in the electricity sector to grow the state’s economy.

READ ALSO: Judge’s Absence Stalls Ex-Lagos Speaker, Ikuforiji’s Trial

He said, “I am discussing with my brother, the governor of Delta State, Rt. Hon. Sheriff Oborevwori, and one of the things we talked about is the technicality of electricity. People think of seeing light, forgetting about the technicality involved and the last man on that channel that distributes the light is the distribution company.

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“I, Delta, Ekiti and Ondo governors, we have to approach Fidelity Bank and buy back the shares in BEDC. We would make an offer to buy that back to reorganize this Company to enable us to have an Edo, Delta, Ekiti and Ondo Distribution Company.”

“Without electricity, we can’t go anywhere. We have our own local grid which we can distribute to various communities as without electricity we are not going anywhere. Electricity is needed for economic growth and development. Those who have cheaper gas will have cheaper electricity and it will lead to cheaper cost of manufacturing and production.”

The governor continued: “We don’t need to wait for Abuja for money but rather have a mind shift to activate and galvanize what we have to create the money our people need.

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READ ALSO: I Will Continue My Father’s Legacy – Etsako Rep, Dekeri

“Now we are all in darkness; any politics that keeps us in darkness is bad politics as everybody wants light no matter the political divide. No political party wants to stay in darkness, as the conversation started many months ago on purchasing the shares of BEDC, we can rapidly progress.

“The original buyers of the shares of BEDC know what they did. They went bankrupt as the bank took those shares and tried to sell to others but we have signified our interest to buy to ensure the bank doesn’t sell to the wrong people that will keep us in darkness again.”

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He added: “We will buy, let us sit down to discuss. We want to buy the share not because we want to run an electricity business or Company but want to sit at the table to supervise and decide on the expert that will do it right. Maybe it’s time to take charge of our own territory. Benin electricity should give Benin light while that of Delta produces that of Delta State, it’s possible.”

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‘My Father Discovered Banana Island’ – Ex-BBNaija Star Claims

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Former Big Brother Naija reality star, Kiddwaya has claimed that his dad, Terry Waya, discovered the famous Banana Island in Lagos.

He made the claim in a recent of the Off The Record podcast.

The host asked: “I heard that your dad discovered Banana Island. Is that correct?”

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READ ALSO:Moment Adekunle Gold Light Up BBNaija S10 Finale With ‘Party No Dey Stop’

Kiddwaya replied: “Yeah, I didn’t even know until I heard it during one of my trips.”

Kiddwaya’s dad, Terry Waya is a self-acclaimed billionaire with investments in the real estate, agriculture and hospitality industry.

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His public profile was further boosted during and after his son Kiddwaya’s appearance on the Big Brother Naija reality show in 2020.

Watch video here.

 

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EFCC Releases Malami After Interrogation, Gives Fresh Appointment For More Questioning

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Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, says his engagement with the Economic and Financial Crimes Commission, EFCC, following an invitation by the agency has been “successful.”

Malami, who disclosed this in a post on his X handle on Saturday, said he was released after the interaction and given an appointment for further questioning.

In line with my undertaking to keep Nigerians updated on my invitation by EFCC, I give glory to Allah for His divine intervention. The engagement was successful and I am eventually released, while on an appointment for further engagement, as the truth relating to the fabricated allegations against me continues to unfold,” he wrote.

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READ ALSO:JUST IN: EFCC Summons Ex-AGF Malami For Questioning

The EFCC had earlier invited the former minister over allegations linked to his time in office, though the commission has not publicly disclosed details of the issues under investigation.

Malami previously announced that he would honour the invitation, saying it aligned with his commitment to accountability and transparency.

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VIDEO: Jonathan Breaks Silence On Guinea-Bissau’s Military Takeover

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Former President Goodluck Jonathan has broken silence following the recent military takeover in Guinea-Bissau, describing it as a conventional coup, insisting it was “maybe a ceremonial coup” given the strange manner in which it unfolded.

Jonathan, who spoke extensively in an interview with Symfoni posted on YouTube on Friday, said he felt compelled to address the media to thank Nigerians for their concern and to clarify what truly happened while he was in Bissau as head of the West African Elders Forum Election Observation Mission.

“You know, since I left office, I’ve always been scared of talking to the media,” he said. “But in this particular case, I decided to speak… first and foremost, to thank Nigerians for the show of empathy, the encouragement.”

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Gunfire erupted around key government buildings in Bissau on Wednesday, with soldiers claiming they had “total control” of the country and followed by curfew, border closures and the detention of top government and security officials.

In another development, Tribune Online reports that ousted President, Umaro Sissoco Embaló, flew to Senegal after the intervention of the Economic Community of West African States (ECOWAS).

READ ALSO:Why I Returned To Nigeria On Ivorian Jet — Jonathan

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Reacting to the development, Jonathan however suggested the situation defied all known patterns of a coup.

“I wouldn’t call it a coup. It was not a coup. I would just say, for want of a better word, maybe it was a ceremonial coup,” he said. “For two things: It is the president, President Embaló, who announced the coup. Later, the military men came up to address the world that they were in charge of everywhere.”

He continued, “Then Embaló had already announced the coup, which is strange. Not only announcing the coup, but Embaló, while the coup took place, was using his phone and addressing media organisations across the world that he had been arrested.”

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The former president, drawing from his experience as a Nigerian and a regional mediator, said the events were unlike anything he had seen.

“I’m a Nigerian close to 70, and I know how they keep heads of state when a coup takes place. Recently, I was a mediator in Mali, and within that period, we had a military coup. The military doesn’t take over governments, and the sitting president that they overthrew would be allowed to be addressing press conferences and announcing that he has been arrested. Why does this happen? Who is fooling whom?”

READ ALSO:Guinea-Bissau Military Takeover Is ‘Ceremonial Coup’ – Jonathan

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Meanwhile, Nigeria’s Federal Government had earlier condemned the development as “a serious threat to democracy and regional stability,” and confirmed Jonathan’s safe evacuation by a special flight alongside his delegation.

Jonathan used the interview to call on ECOWAS and the African Union to promptly announce results of the election that was underway in Guinea-Bissau before the military disrupted the process.

“They have the results because AU and ECOWAS officials were in all the regions when the results were collated. They cannot change those results. They should tally all those results and announce them. They cannot force the military out. They must announce and let the world know who won that election.”

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He stressed that the integrity of elections must be upheld in West Africa, recalling his experience overseeing Côte d’Ivoire’s contentious 2010 presidential poll.

A similar thing happened in Côte d’Ivoire when I was the Chair of the Authority of Heads of State and Government of ECOWAS,” he said. He narrated how Laurent Gbagbo and Alassane Ouattara went into a second round after neither met the 50% +1 requirement.

READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan

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“In the second round, Ouattara then got more votes than Gbagbo. And Gbagbo said he was not going, that he won the election,” Jonathan recounted. “But all the observers in the international community said Ouattara won the election. And we in ECOWAS said, well, you are our colleague, but you have to go.”

According to him, his insistence on respecting the will of the people ensured a peaceful transfer of power at the time.

“I stood my ground, and Ouattara was sworn in,” he said.

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Jonathan reiterated that Guinea-Bissau’s situation was “disturbing” to anyone who believes in democracy and insisted that respecting election results remains the only path to stability in the region.

Watch video here

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