Connect with us

News

TCN Suspends Power Firms For Breaching Market Rules

Published

on

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.

Advertisement

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.

READ ALSO: Electricity: TCN, DisCos Trade Blames Over Sector’s Poor Performance

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.

Advertisement

”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.

Advertisement

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.

READ ALSO: 2023: Insecurity, Erratic Electricity, Fuel Scarcity Persist As APC Seeks Fresh Mandate

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.

Advertisement

“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.

Advertisement

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.

READ ALSO: Reverse Unlawful Electricity Tariff Hike, Group Tells Buhari

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.

Advertisement

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.

Advertisement

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

Advertisement

News

Read How Ex-Edo IDP Became A PhD Student In US Varsity

Published

on

By

Ishaku Amos, a native of Gwoza Local Government Area of Borno State, on Wednesday narrated how his life was transformed from displacement to academic excellence.

Amos, who currently pursues a PhD in Chemical Engineering at the University of Illinois, Chicago, in the United States, spoke when he paid a visit to the Internally Displaced Person (IDP) at the Home for the Needy Foundation in Uhogua, Edo State.

The excited Amos, who once lived in Home for the Needy Foundation,
said the organisation played a decisive role in changing the course of his life.

Advertisement

According to him, after completing his undergraduate studies at Edo State University, Iyamho, he secured a scholarship for doctoral studies abroad.

He narrated how he left Nigeria in August with the support of Pastor Solomon Folorunsho, Coordinator of the IDP Camp in Uhogua.

READ ALSO:Imansuangbon Donates To Benin IDPs, Charges Wealthy Nigerians To Advance Humanity

Advertisement

“I had never travelled outside Nigeria before. I grew up in the North and in the camp, so everything was new to me. Having him accompany me made the transition easier and gave me confidence.”

Amos explained that adjusting to life in the United States would have been difficult without that support.

It was a new culture, a new system and a different weather. But I was prepared. I was guided on what to expect and how to adapt, so I didn’t experience culture shock. He made sure I was comfortable before returning to Nigeria.”

Advertisement

Speaking on his past, Amos described himself as a victim of terrorism and insurgency in the North-East.

“Anyone who says these things are not happening should listen to my story.

READ ALSO:Militia Attack On DRC IDP Camp, Kills 10, Mostly Women, Children

Advertisement

“I know what I suffered. People sometimes talk because they have not experienced it. When you have lived through killings and displacement, you can never deny the reality,” he said.

He expressed deep gratitude to the Home for the Needy Foundation, saying words were not enough to appreciate what the organisation did for him and thousands of others.

“They changed my narrative and my understanding of life. Despite our trauma, they never gave up on us. They paid for our exams even when we failed and had to try again. They kept telling us to focus and try one more time.”

Advertisement

Amos said his experience has inspired him to give back to society and support vulnerable people in the future.

He also appealed to the Borno State Government and lawmakers from his area to support displaced indigenes.

“They know we exist and that we are Borno indigenes, but we have been ignored for too long. We are calling on them to clear outstanding school fees and provide scholarships. We will continue to call until something is done.”

Advertisement
Continue Reading

News

Minister Suspends Aide Over 2027 Governorship Election Write-up

Published

on

By

The Minister of Information and National Orientation, Mohammed Idris, has formally distanced himself from a political article titled “Malagi 2027,” which speculated on potential scenarios ahead of the 2027 Niger State governorship election.

In a statement released on Wednesday, the minister’s office clarified that the article was published without authorization by one of his aides, Sa’idu Enagi, emphasizing that the opinions expressed do not represent Idris’ views or intentions.

“The write-up and all its contents are hereby vehemently disclaimed,” the statement affirmed, urging the public to disregard the publication.

Advertisement

The statement noted that the minister remains fully dedicated to his duties at the Federal Ministry of Information and National Orientation and has no interest in, nor tolerance for political distractions or premature electioneering.

READ ALSO:Presidential Pardons Undermine Rule Of Law, Says Amnesty

It further stressed that he neither approved nor directed the publication of the write-up.

Advertisement

Following the incident, the minister has ordered an immediate investigation, and the aide responsible has been suspended with immediate effect.

The statement also underscored the cordial and mutually beneficial relationship between the minister and Niger State Governor Mohammed Umaru Bago, highlighting their joint commitment to the development and stability of the state.

Speculations about the 2027 elections would be inimical to these noble objectives,” the statement added.

Advertisement

The disclaimer was signed by Rabiu Ibrahim, Special Assistant (Media) to the minister.

Continue Reading

News

How To Calculate Your Taxable Income

Published

on

By

Continue Reading

Trending

Exit mobile version