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JetA1 Scarcity: Why I Was Late To Reps Hearing On Aviation – Emefiele

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The Central Bank Governor, Godwin Emefiele, has disclosed why he was late to the hearing of the ad hoc committee of the House of Representatives investigating the fuel crisis in the aviation sector.

Recall that  Mr Emefiele’s representative to the hearing, Kingsley Obiora, was asked to leave by Speaker Femi Gbajabiamila.

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Few minutes after Obiora left, the CBN Governor joined the meeting, and explained that he asked Mr Obiora, who is a deputy governor in the apex bank, to represent him because he was on a national assignment in Lagos.

He explained that he was delayed at the Lagos Airport.

READ ALSO: Aviation: Gbajabiamila Walks Out Emefiele’s Representative From Meeting

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Airline operators, regulators and other stakeholders had appeared before the committee to avert future shut down of the sector.

It would be recalled that the operators had threatened to shut down domestic flights as they complained of the exorbitant cost of jet fuel.

While speaking on the crisis, the CBN governor said the bank will be willing to support the airline operators with needed resources.

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Following over 3 hours of deliberation, the lawmakers and the stakeholders agreed to allow the marketers to import the jet fuel by directing all relevant authorities to commence the process for licence.

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Edo To Dredge Ikpoba River For Revenue, Flood Control

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Edo State government has proposed the dredging of Ikpoba River to curb flooding and exploring potentials for enhancing revenue generation in the state.

The state Commissioner for Mining, Hon. Andrew Ijegbai, disclosed this when he led a delegation on an inspection of the river in Benin City.

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According to him, the initiative was to find a lasting solution to the incessant challenges of flooding and river overflow on the busy road.

He added that his team was on the ground to assess the condition of the river to get a firsthand observation of its impact on communities near its bank.

READ ALSO: Controversy Over Pregnant Woman Buried Alive In Edo

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Also speaking, Director of Mining in the ministry, Mr. Omoruyi Ihianle expressed the state government’s determination to turn challenges into successes.

He stated that the primary objectives of the project were to generate revenue for the state government through mining and to mitigate flooding in the host communities.

“As a government, we have found a way of converting our challenges until success.

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“As a result of the silted river channel, the host communities have been suffering from flooding, hence the Edo State Government is stepping in to desilt while raising revenue for the State Government,” he said.

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JUST IN: Ex-Eagles Goalkeeper, Peter Rufai, Is Dead

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Peter Rufai, the former Super Eagles goalkeeper, has died.

Waidi Akanni, a former teammate and associate, confirmed the legendary goalkeeper’s death to TheCable on Thursday.

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Rufai, affectionately nicknamed Dodo Mayana, died at 61 after a reported battle with long-term illness.

The Super Eagles of Nigeria also announced the demise of the former goalkeeper on the team’s official X account.

READ ALSO: Meet First African Artiste Who Get Hollywood Walk Of Fame Star

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Forever in our hearts, Dodo Mayana. We mourn the passing of legendary Super Eagles goalkeeper, Peter Rufai, a giant of Nigerian football and a 1994 AFCON champion,” the post reads.

Your legacy lives on between the sticks and beyond.”

Rufai is regarded as one of the best football goalkeepers Nigeria has ever produced. He was the Eagles’ first-choice goalkeeper when Nigeria won the 1994 Africa Cup of Nations (AFCON).

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He also represented Nigeria at the 1994 FIFA World Cup in the US and the 1998 FIFA World Cup in France.

Rufai had over 60 caps for the Super Eagles over the course of a decade with the team.

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AMCON Sells Ibadan DisCo For N100bn

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The Asset Management Company of Nigeria (AMCON) has announced the sale of the Ibadan Electricity Distribution Company (IBEDC) for N100 billion.

AMCON’s Managing Director/CEO, Gbenga Alake, disclosed this at a media parley on Thursday.

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Apart from IBEDC, AMCON also manages other distribution companies, including the Abuja Electricity Distribution Company (AEDC), Benin Electricity Distribution Company, Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company.

READ ALSO:IBEDC Throws Ogun Industrial Estate, Others Into Darkness Over Debts

Alake said, “Today, I announce to you that Ibadan DisCo has been sold. When we came in, it had already been sold, but we renegotiated the price and got almost double of what it was initially going to be sold for.”

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Regarding ongoing legal issues, Alake stated, “We have sold it, and whatever is still happening in court, we will face it.”

However, officials of IBEDC did not respond to inquiries about the sale.

 

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