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.

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

Advertisement

”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.

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

Advertisement

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.

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.

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.

Advertisement

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.”

Advertisement

NAN

News

50-year-old Man Dies While Watching Football Match In Lagos Bar

Published

on

By

A yet-to-be-identified man has died allegedly watching football in an open bar along Lagos-Abeokuta Expressway in Lagos.

It was discovered that the deceased, a man in his fifties, was a frequent patron of the open bar prior to the incident and had visited on May 15, 2024, to watch a football game.

But problems arose when it was later found that he was sleeping and that attempts to wake him up were unsuccessful.

Advertisement

READ ALSO: Police Dismiss Inspector For N29.8m Theft, Kidnapping

The Lagos State Police Spokesperson, SP Benjamin Hundeyin, confirmed the incident by saying that on May 15, 2024, at approximately 7:00 PM, the owner of the open bar came to Elere Division to report that the same day, one of his male customers—whose name and address are unknown—died while watching a football game.

In an additional explanation, Hundeyin stated that when detectives from the division visited the scene, they saw the deceased lying lifeless on the chair without any signs of violence.

“His body has been taken to the mainland general hospital in Rusty Yaa for an autopsy,” he continued, “We are still trying to find his family.”

Advertisement

Continue Reading

News

JUST IN: Tinubu Appoints Governing Board Members For 111 Tertiary Institutions

Published

on

By

President Bola Tinubu has approved the appointments of at least 555 persons to serve as Pro-chancellors/Chairmen and members of Governing Boards of 111 federal universities, polytechnics and Colleges of Education.

This followed Tinubu’s assent to a list of nominees selected by the Ministry of Education.

An advertorial by the Education Ministry sighted by The PUNCH showed the appointment of a chairperson and four members for each of the institutions.

Advertisement

READ ALSO: Judicial Misconduct: NJC Sets Up Panel To Probe 35 Petitions Against

It was signed by the ministry’s Permanent Secretary, Mrs. Didi Esther Walson-Jack.

The inauguration and retreat for the Governing Councils will take place on Thursday, May 30 and Friday, May 31, 2024, at the National Universities Commission, 26 Aguiyi Ironsi Street, Maitama, Abuja. Both events will commence at 9:00am daily,” said Walson-Jack.

When contacted for confirmation, the Presidency said the list emanated from the Ministry of Education.

Advertisement

“This is from the Federal Ministry of Education…they make the nominations and forward them to the President to sign. But they are at liberty to release it from their end,” the President’s Special Adviser on Information and Strategy, Bayo Onanuga, told The PUNCH on Sunday.

READ ALSO: Tinubu Okays Payment Of N3.3tn Power Sector Debts, Gencos, Gas Producers To Get N1.3tn, $1.3bn

The appointments come days after the Academic Staff Union of Universities had threatened to embark on another strike, potentially disrupting the academic calendar and causing further setbacks in the country’s higher education sector.

The union, on Tuesday, decried the failure of the Federal Government to appoint Governing Councils for federal universities.

Advertisement

The union also faulted what it described as the nonchalant attitude of the President Bola Tinubu-led Federal Government to matters about academics in federal universities.

The body of academics, during a briefing at the University of Abuja, also faulted the 35 per cent salary increment for professors and the 25 per cent salary increment for other academics in the university system.

Advertisement
Continue Reading

News

HOMEF Applauds NASS On Decision To Investigate GMOs In Nigeria

Published

on

By

says Nigeria needs to prioritise public health

Health of Mother Earth Foundation (HOMEF) and the GMO-Free Nigeria
Alliance have commended the House of Representatives on the resolution to comprehensively investigate the introduction of genetically modified organisms (GMOs) into Nigeria and for a halt on approval of new products
pending the completion of that investigation.

This is as the House of Representatives also urged the National Agency for Food and Drug Administration and Control (NAFDAC) to ensure labelling of GM crops already in the country.

The House resolution to investigate the introduction of GMOs into Nigeria followed the adoption of a motion by Rep. Muktar Shagaya at a plenary session held on Thursday 16th May 2024.

Advertisement

In a statement made available to INFO DAILY Kome Odhomor, Media/Communication Lead, HOMEF, the Executive Director of the organisation, Dr Nnimmo Bassey, said ass the lawmaker rightly explained, the introduction of GMOs in Nigeria raises serious concerns about safety, regulatory oversight, and their potential impacts on the country’s biosafety.

READ ALSO: Judicial Misconduct: NJC Sets Up Panel To Probe 35 Petitions Against

He noted that the investigation which has been long “overdue is vital to save the country from the dangerous path to food colonialism, contamination of our genetic resources, loss of
biodiversity/nutritional diversity, soil degradation, and overall
disruption of our agriculture and food systems.”

Bassey continued: “This investigation must be unbiased and thorough. To ensure this, the National Assembly should engage independent researchers to avoid contamination of the process by GMO promoters.

Advertisement

“This investigation should consider Nigeria’s agricultural landscape and investigate the underlying
causes of hunger/food insecurity and as well establish definite measures to address those issues. This is the time to rescue Nigerians from being used for risky experimentations.”

The Executive Director also stressed the need for critical examination of the National Biosafety Management Agency Act for its fitness for purpose.

READ ALSO: GMOs: HOMEF Trains Gelegele Farmers, Urges Them To Embrace Agroecology

He further added: “That law needs to be completely reworked to close existing loopholes including the composition of its governing/decision making board by excluding GMO promoters such as the National Biotechnology Development Agency; the lack of provision on strict liability, inadequate public consultation measures, absolute decision-making powers of the agency, minimal reference to the precautionary principal and many others.

Advertisement

This was the submission of Mariann Bassey-Orovwuje, Food Sovereignty Activist and Deputy Executive Director at Friends of the Earth Nigeria.”

Also reacting to the Green Chamber’s call on NAFDAC to label GMO crops in the country, HOMEF’s Director of Programmes and lead on Hunger Politics, Joyce Brown, noted that the agency will need to devise strategies to have foods sold in local markets in basins, by the road sides, and in processed forms like Ogi and Akara labelled to ensure informed decision-making by the majority of people who purchase food from these sources.

This exercise will prove that GMOs do not fit our socio-economic context. Over the years, market shelf surveys conducted by HOMEF has revealed over 50 different processed/packaged foods labelled as produced using genetically modified ingredients,” she added.

READ ALSO: HOMEF Trains Women On Climate Change Adaptation

Advertisement

Brown advised that permits for commercialisation of GMO products such as Bt Cowpea, Tela Maize, Bt Corn and all others be suspended pending the result of the investigation by the House Committee on Agriculture and others.

The statement reaffirmed the submission by Rep. Shagaya that there’s need to prioritise public health, biodiversity, increased support of small holder farmers in terms of extension service, provision of infrastructure (to curtail waste), access to credits, access to land and the growth of our local economy.

Nigeria should adopt agroecological farming which aligns well with our socio economic and socio cultural
context. Agroecology delivers increased productivity and economic resilience, revises/nourishes ecosystems, strengthens local economies, mitigates climate change and promotes food sovereignty,” the statement concluded.

 

Advertisement

Continue Reading

Trending

Exit mobile version