News
Power Generation Slumps To 38MW
Published
3 years agoon
By
Editor
Data from the Federal Government on Tuesday indicated that the collapse of the national electricity grid that occurred the preceding day led to the crash in power generation from 3,713.1 megawatts to 38MW.
Industry figures obtained from the Federal Ministry of Power showed that power generation on the grid as at 6am on Monday was 3,713.1MW, but this plunged to 38MW around 10.51am.
On Tuesday that Nigeria suffered another nationwide power outage on Monday morning after the national electricity grid collapsed for the seventh time in 2022.
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Following the development, power consumer groups called for sanctions against operators or firms culpable of the incessant grid collapse that had characterised Nigeria’s electricity system since this year.
The report further stated that industry figures seen on Monday indicated that power generation on the grid had risen to a peak of 4,100.80 megawatts on Sunday. It dropped to 3,713.1MW at 6am on Monday.
But the latest data obtained by our correspondent on Tuesday showed that power generation on the national grid crashed to 38MW, which was the off-peak generation figure on Monday, while peak generation on the same day was put at 3,787.3MW.
Various power distribution companies confirmed Monday’s grid collapse, while the manager of the electricity grid – Transmission Company of Nigeria – said the crash was caused by a drop in system frequency.
Enugu Electricity Distribution Company Plc, for instance, while confirming the grid collapse on Monday, had stated that it occurred at 10:51am.
“This has resulted in the loss of supply currently being experienced across the network. Due to this development, all our interface TCN stations are out of supply, and we are unable to provide service to our customers in Abia, Anambra, Ebonyi, Enugu and Imo states,” the Disco had stated via a Twitter message.
On its part, Federal Government’s electricity transmission company explained that the crash in power generation on the grid was caused by a drop in system frequency.
“The Transmission Company of Nigeria wishes to inform the public that the national grid experienced partial system disturbance at about 10.51am today, September 26, 2022,” the firm had stated in a statement issued in Abuja by its spokesperson, Ndidi Mbah.
The National Control Centre of TCN said a full-scale investigation was being conducted to establish and ascertain the cause of the disturbance as this unwholesome event had resulted in aggregated generation loss.
The President, Nigeria Consumer Protection Network, who served in the National Technical Investigative Panel on Power System Collapses/System Stability and Reliability (June 2013), Kunle Olubiyo, had told our correspondent that there should be sanctions to curtail the spate of grid collapse.
He stated that Monday’s “total system collapse is quite unfortunate and unnecessary.”
Olubiyo said, “The nation needs to do more in terms of upgrading obsolete grid infrastructure, grid automation, make more investments in grid system interfaces, protection devices and with emphasis on load frequency management scheme.
“There should also be sanctions and consequences for infractions associated with grid system indiscipline. The present total power grid collapse is no doubt at a huge cost to the end users, the economy, all spheres of human endeavors and the nation at large.”
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News
Peter Obi’s Son, Oseloka, Speaks On Gay Allegations
Published
12 hours agoon
August 23, 2025By
Editor
Oseloka Obi, son of the 2023 Labour Party presidential candidate Peter Obi, has responded to viral allegations linking him to homosexuality after photographs of him with London-based British-Nigerian Kent Okwesa, circulated online this week.
The pictures, which emerged on Wednesday, showed Oseloka and Okwesa sitting closely at a restaurant in the United Kingdom, sparking a wave of online speculation and gossip.
In a detailed statement, Oseloka dismissed the rumours as malicious falsehoods driven by his father’s involvement in Nigerian politics.
He noted that while he rarely responds to such narratives, the persistence of gossip and unfounded claims made it necessary to address the matter.
READ ALSO:Jonathan, Obi Can’t Match APC’s Strength For 2027 – Mustapha Salihu
“Because of my father’s involvement in Nigerian politics, there has been a persistent curiosity and, at times, malicious obsession with me.
“I have no social media presence and no interest in maintaining one, so I rarely correct these falsehoods. But perhaps it is time I address them,” he wrote.
Oseloka stressed that the photos of him in circulation were being misrepresented, insisting they were ordinary snapshots with friends and colleagues.
“The truth is simple: Peter Obi’s son appears in photos with his friends and colleagues, nothing more. If people wish to invent otherwise, I hope they sleep soundly knowing they are spreading lies,” he added.
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He further emphasised that neither he nor his father is perfect, but attested to his father’s integrity and commitment to Nigeria’s future.
“My father has my vote, not because he is my father, but because he is the right man for the job. If others wish to go low, invent scandals, or attack me to wound him, they are free to do so. But we will go high, and we will continue to focus on the future of Nigeria.”
Concluding, Oseloka urged Nigerians to redirect their attention from idle gossip to the pressing socio-economic challenges facing the country.
Read the full statement below:
News
FULL LIST: PenCom Bars Seven Mortgage Banks From Processing Housing Loans
Published
12 hours agoon
August 23, 2025By
Editor
The National Pension Commission (PenCom) has barred seven Primary Mortgage Banks (PMBs) from processing applications under the pension-backed equity contribution scheme for residential mortgages, citing their non-compliance with housing loan guidelines.
In a letter published on PenCom’s website, addressed to Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), the organisation instructed them to immediately stop accepting or processing equity contribution applications submitted through the affected institutions.
The blacklisted mortgage banks are:
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• Jigawa Savings & Loans Limited
• FHA Mortgage Bank Limited
• Delta Trust Mortgage Bank Limited
• AG Mortgage Bank Limited
• Infinity Trust Mortgage Bank Pic
• First Trust Mortgage Bank Limited
• Mutual Alliance Mortgage Bank Limited
“Following the cited letter, the commission instructs that PFAs, including Closed Pension Fund Administrators and Pension Fund Custodians, immediately stop accepting or processing equity contribution applications submitted by the following Primary Mortgage Banks… Please be guided,” the circular read in part.
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Explaining the decision, PenCom’s spokesman, Ibrahim Buwai, told The PUNCH that the sanction was imposed because the affected institutions failed to generate the mortgages for which funds had been approved.
“The whole purpose of giving access to RSA holders is to enable them to own houses through mortgages,” he said. “It was discovered that some of the primary mortgage institutions were not generating mortgages. If that is the case, it means they are not complying with the regulations. That is the reason for their blacklisting.”
PenCom introduced the equity contribution for residential mortgages in September 2022, allowing Retirement Savings Account (RSA) holders to withdraw up to 25 per cent of their balances to fund equity contributions for home ownership.
According to the commission, 24,582 RSA holders had accessed the scheme as of the first quarter of 2025, with disbursements totalling ₦149.84bn.
RSA holders who submitted applications through the barred mortgage banks are now advised to reapply with other eligible PMBs. Those who have made upfront payments were urged to contact the affected institutions for the next line of action.
News
VIDEO: How ‘Close Friend’ Leaked Cat Secret To Security During My House Invasion — Sunday Igboho
Published
13 hours agoon
August 23, 2025By
Editor
Yoruba Nation agitator, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has opened up again on the July 1, 2021 midnight invasion of his Ibadan residence by security operatives, including the Department of State Services (DSS).
Speaking during a visit to the Olowo of Owo, Oba Ajibade Gbadegesin Ogunoye III, at his palace in Ondo State, Igboho alleged that the attack was carried out with the intent to take his life.
“When my house was invaded, they wanted to kill me but failed. Some said my intestines were shattered, others said my leg was broken, but there was nothing of such. They fired guns at me very well, but the prayers of you my fathers on me were answered.”
According to him, the DSS operatives forcefully gained entrance into his residence and pointed a gun at his Personal Assistant so he could lead them to his room.
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Death of cat after friend’s betrayal
While recalling the invasion, Igboho said one of his trusted friends betrayed him by leaking sensitive information about his cat to the operatives.
He disclosed that the so-called ‘trusted’ friend had told the agents not to let the cat escape, which led to the security operatives killing the animal.
“When I opened the door of my room for them, they saw my cat on the bed. One of my friends that I entrusted with secret had told them not to let the cat go. So they killed the cat and wrapped it with clothes like a corpse. They destroyed everywhere in the house and killed one of my brothers alongside one other person and they left,” he narrated.
Appeal to the Olowo
Speaking at the palace of the Olowo, Igboho said his absence from the country had lasted about five years and that he was eager to return to contribute to tackling insecurity in the South-West.
READ ALSO:JUST IN: Sunday Igboho Returns To Nigeria
“But why I came to meet you Kabiesi is that till when will I be doing that. Nigeria is my motherland. This is about five years since I’ve been chased from here. Tinubu is your son, you can convince him to free me. If not for the wanted tag on me, I would have come to Nigeria to face the insecurity facing the South-West region. I would have entered the bush and faced them,” Igboho pleaded with the monarch.
Monarch’s response
In his response, Oba Ogunoye described Igboho as a beacon of hope for his generation and future ones, urging him not to be discouraged by the challenges he has faced.
The monarch enjoined Igboho and his supporters to remain law-abiding amid ongoing challenges.
He assured him of continued support and called for peace and cooperation across South-West communities, noting that no region can achieve sustainable development without security.
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