News

TCN Suspends Power Firms For Breaching Market Rules

Published

3 years ago

April 29, 2023

The Transmission Company of Nigeria has announced the suspension of three electricity distribution companies for breach of market rules.

The affected companies are APLE Electric Limited, Kano and Kaduna Electricity Distribution Companies.

Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs, in a statement in Abuja on Friday, said that these rules govern and sanitise the Nigerian electricity supply industry.

According to her, the Market Operator is mindful of the need to ensure the continued sustenance of the Nigerian Electricity Supply Industry, which requires strict adherence to market rules and the application of sanctions where necessary.

She said that due diligence was observed by the MO before issuing the suspension/disconnection order, which is in accordance with procedures of the rules guiding the market.

”This is to ensure the preservation of the market and that non-compliant participants are held accountable for their actions.

”The APLE Electric Limited was found to be in non-compliance with the Market Rules for not having adequate Bank Guaranty and for incomplete payments of APL’s MO’s invoices from September 2022 to February 2023.

”As per the market rules, the MO first sent a request for a bank guarantee to APLE on November 29, 2022,” she said.

Mbah said that the company failed to provide the required bank guarantee, consequently, a Notice of Event of Default was issued to APLE on Dec 7, 2022, for incomplete payment of issued invoices.

“Following the notice of event of default, a Notice of Intent to Issue a suspension order was issued on Dec. 14, 2022, based on the market rules.

“APLE requested a hearing, which was held online on Dec. 20, 2022, where APLE was given an opportunity to show just cause why it should not be issued a Suspended/Disconnected Order.

“After the hearing, a 14-business day notice was issued on March 21 in three (3) national daily newspapers (Daily Trust, Guardian & Thisday) as required by the market rules. Thereafter, a suspension order was issued on April 19, which required APLE to cure its defaults,” she said.

Mbah said that the disconnection order was carried out on April 20 in line with the market rules.

She added that this order resulted in the disconnection of the Feeders within the APLE franchise area until such a time that they provide the required bank guarantee and settle their outstanding invoices with the MO.

Mbah also said that the Kaduna and Kano DisCos were equally found to be in non-compliance with the market rules for not having adequate bank guarantees and for incomplete payments of their MO invoices for the time-line January 2020 to February 2023.

She said that both companies were sent a request for their bank guarantees in line with the market rules, on Feb. 16, 2022, and they failed to provide the required bank guarantees.

“Consequently, a notice of an event of default was issued on March 2, 2022, for incomplete payment of invoices,” she said.

Mbah stated that the notice of the event was followed by a notice of intent to issue a suspension order, issued on May 9, 2022.

“Both DisCos requested for hearing which were held on May 31, 2022, (KEDCO) and June 2, 2022 (KAEDCO), where both DisCos were given an opportunity to show just cause not to be suspended/disconnected.

“After the hearing, a 14-business day notice was issued on March 21, 2023, in three national daily newspapers (Daily Trust, Guardian & Thisday newspapers), as required by the market rules.”

NAN

News

Edo NLC Crisis: Caretaker Committee Drags Rival Exco, Govt To Court

Published

9 hours ago

May 6, 2026

Editor

The division in the Edo State Council of the Nigeria Labour Congress (NLC), took a new dimension on Wednesday as Prof. Monday Monday Lewis Igbafen-led caretaker committee approached the National Industrial Court of Nigeria, Benin Judicial Division, seeking to affirm its authority and restrain a rival executive from parading itself as the council’s leadership.

Joined in the suit are the Edo State Government, the Commissioner for Labour and Productivity, and the Attorney-General and Commissioner for Justice.

In a suit marked: NICN/BEN/12/2026, and filed before the court in Benin, the claimant, Igbafen, acting for himself and on behalf of the NLC Caretaker Committee in Edo State, is challenging the continued occupation of the union’s secretariat and control of its assets by members of the Bernard Egwakhide-led factional State Executive Council.

The claimants are asking the court to declare that the caretaker committee (Igbafen-led faction), constituted on August 11, 2025, by the NLC national leadership, remains the only lawful authority to administer the affairs of the Edo State Council pending fresh elections.

They further seek a declaration that the continued occupation of the NLC secretariat located at No. 1 Teboga Road, Benin City, as well as the retention of union assets, financial records, and official instruments by the defendants, is illegal and void.

The suit also prays for an order of perpetual injunction restraining the defendants from parading themselves as officials of the NLC Edo Council or interfering with the functions of the caretaker committee.

In addition, the claimants are seeking a mandatory order compelling the defendants to immediately hand over the secretariat, vehicles, financial documents, cheque books, and all other properties belonging to the union.

The caretaker committee further urged the court to restrain the state government and its officials from interfering in the internal affairs of the union, alleging undue support for the dissolved executive.

The claimants further demand N50 million as general and exemplary damages against the defendants for alleged unlawful usurpation of office and acts prejudicial to the administration of the council.

According to court documents made available to our correspondent, the crisis followed the dissolution of the Edo State Council by the NLC National Executive Council on February 27, 2025, over allegations of misconduct, anti-union activities, and constitutional violations.

However, the matter has yet to be assigned a hearing date.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

15 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

15 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.