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Reps Smmon TCN MD Over $33m Monthly Payment To GenCo Amid Irregular Power Supply

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The House of Representatives Committee on Finance has summoned the Managing Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN), Sule Abdulaziz over a monthly payment of $33 million to the Generation Company of Nigeria amid epileptic power supply.

The summon was issued on Monday but details of the investigative hearing emerged on Tuesday, where the panel expressed concerns that a whopping sum of $33 million was being paid monthly without commensurate power generation.

At Monday’s sitting, the Executive Director, Transmission Service Provider, TCN, Victor Adewunmi; Market Operator, TCN, Edmund Eje; Director, Agreements, Benedict Ogbu; and General Manager, Corporate Planning and Strategy were grilled by the panel and could not give details of how the management arrived at the amount. A development, that a member of the panel, Hon. Taiwo Oluga insisted on the appearance of the TCN Chief Executive to clarify issues.

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READ ALSO: GenCos, DisCos Owe Banks N836bn Amid Crisis – Report

The TCN is currently paying the sum of $33 million to a power Generation Company, Azura Power West Africa Limited whether it supplies power or not.

Hon. Oluga, said, “The representative of the chief executive, I will want to put it to you that with this document, you are confusing the House.

“If it is your document and we are arguing on it, whether it is megawatts or it is in kilowatts, an agreement has been signed on behalf of Nigerians in megawatts. Now, you are presenting documents to the House in kilowatts/hour.

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“So, Mr Chairman, I will want to say that maybe these documents should be re-presented while we expect the chief executive to come and explain to Nigerians why $33m will be paid (to Azura) every month, yet we are not getting results – we are not getting power – and that is the root of all the problems in Nigeria as of today.”

READ ALSO: Nigerians To Enjoy Improved Power Supply From July – NERC

The lawmaker expressed disappointment that government could go into an agreement on behalf of Nigerians without the power supply, adding that such is not done anywhere in the world.

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PAP Admin Head Visits Edo/Delta Liaison Office, Harps On Commitment

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Members of staff of the Delta/Edo Liaison Office of the Presidential Amnesty Programme, PAP, have been charged to be more committed to the discharge of their statutory duties.

The head of administration, PAP, Mr. Zorab Monday gave the charge when he paid an official visit to the liaison officer in Warri recently.

The head of administration who emphasized the need for the members of staff the liaison office to work in unison, also urged them to establish a mutual working relationship with one another,which, according to him would move the office forward.

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He stressed on the significance of learning from one another, which he said would further enhance the overall productivity and workplace harmony amongst members of staff.

Earlier, the manager of the liaison office, Captain Presley Prebo, while using the opportunity of the visit to appeal to the head of administration for the provision of a larger office space, said due to the increasing number of employees.

He also used the visit to inform the head of administration some of the needs of the liaison office.

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Why We Accepted Tinubu’s New Minimum Wage – Labour

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The leaders of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) announced that they have accepted the N70,000 minimum wage approved for Nigerian workers by President Bola Tinubu.

A statement by Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, indicated that President Tinubu also pledged to find ways to help the private sector and sub-national entities meet the minimum wage requirement.

Following the meeting, the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, briefed the media and confirmed that the unions had accepted the offer.

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READ ALSO: BREAKING: Tinubu Approves New Minimum Wage

Ajaero, accompanied by Comrade Festus Usifo, President of the Trade Union Congress (TUC), and other representatives of Nigerian workers, stated that the unions had accepted the offer because there were other incentives attached.

He said that the president’s pledge of a review every three years, as opposed to what had previously been received, was another factor in his decision to accept the offer.

Details shortly…

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BREAKING: Tinubu Approves New Minimum Wage

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President Tinubu has finally approved a N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years.

The leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) are at the Presidential Villa, Abuja for a scheduled meeting with President Bola Tinubu.

A statement by Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, said: “President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage.

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READ ALSO: BREAKING: Court Reinstates Shaibu As Edo Deputy Governor

“President Tinubu announced the decisions at the meeting held with leaders of TUC and NLC on Thursday in Abuja, the second time the parties met in 7 days.

“The Labour leaders applauded President Tinubu for the fatherly gesture as the President also promised to use his discretionary powers meet the demands of university unions demanding unpaid 4 months salaries.”

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