latest
Minister Reveals Delayed Access To N32 Billion Meter Supply Fund Held By Private Company For Two Decades
Minister Reveals Delayed Access To N32 Billion Meter Supply Fund Held By Private Company For Two Decades....KINDLY READ THE FULL STORY HERE▶
The Minister of Power, Adebayo Adelabu, has disclosed a concerning revelation regarding a substantial fund of N32 billion earmarked for the supply of three million prepaid meters in 2003. According to Adelabu, this significant amount has been held by a private company for over 20 years, remaining untouched and unused…….READ ALSO
In 2003, the federal government engaged in a tripartite agreement with Messrs Ziklagsis Network Limited and Unistar International for the provision of meters to Electricity Distribution Companies (DisCos) across the country within a span of three years. As part of this agreement, a “revolving metering loan” of N32 billion was disbursed to Messrs Ziklagsis to initiate the project.
However, despite the release of this substantial sum, the project failed to materialize, and the funds remained dormant in the bank accounts of Ziklagsis. Over the years, the funds transitioned through various banking institutions, from Prudent Bank to Skye Bank, Polaris, and finally, Providus Bank.
Adelabu highlighted the government’s intention to utilize the meters for ministries, departments, and agencies (MDAs) to accurately monitor their energy consumption and mitigate accumulating debts. Additionally, he addressed concerns regarding the recent mass metering initiative for military formations, asserting that due process was followed.
Upon the Nigerian Army’s request for assistance in settling its outstanding electricity debts and metering its establishments, Adelabu engaged in efforts to retrieve the unused funds from Ziklagsis. Following approval from the presidency, a portion of the fund, totaling N12.7 billion, was allocated to De Haryor Global Services to kickstart the installation of procured smart meters.
The Minister expressed bewilderment at the prolonged dormancy of funds intended for a crucial national project and emphasized the importance of their recovery. Adelabu called for acknowledgment of his endeavors in facilitating the retrieval of the revolving meter fund, enabling the project’s eventual commencement after two decades of stagnation.
latest
Election Heatwave: PDP Scrambles To Calm Primary Storm With New Appeal Mechanism!.
To ensure transparency and fairness in its candidate selection process, the Peoples Democratic Party (PDP) has established appeal panels to review complaints stemming from its recent presidential, governorship, and legislative primaries. PDP National Publicity Secretary, Jungudo Mohammed, announced that these panels are tasked with hearing grievances from aspirants and stakeholders, subsequently offering recommendations in accordance with the party’s constitution and electoral laws.....KINDLY READ THE FULL STORY HERE▶
The party has assigned leadership to oversee these reviews:
-
Presidential & Governorship Panel: Chaired by National Chairman Abdulrahman Mohammed, with Samuel Anyanwu serving as a member. This 24-member committee will convene on June 10 at the party’s Abuja headquarters.
-
National & State Assembly Panel: Chaired by Suleiman Afolagbe. This nine-member committee will hold hearings on June 8 and June 9 at the party’s National Working Committee Hall in Abuja.
The PDP has formed two appeal panels to resolve disputes following its recent primary elections. By reviewing petitions from dissatisfied candidates, the party aims to uphold internal democracy and procedural integrity.
-
Who is in charge? National Chairman Abdulrahman Mohammed leads the presidential/governorship panel, while Suleiman Afolagbe heads the National and State Assembly panel.
-
When and where? The National and State Assembly appeals will be heard on June 8–9, followed by the presidential and governorship appeals on June 10. All proceedings will take place at the PDP national headquarters in Abuja.
In a move to strengthen its commitment to a credible election process, the PDP has officially set up appeal panels to address the outcomes of its recent primaries. These panels will provide a platform for aggrieved stakeholders to seek redress, ensuring that all recommendations align with the party’s electoral guidelines and legal requirements.
National Publicity Secretary Jungudo Mohammed confirmed that the panels are scheduled to meet at the party’s national secretariat in Abuja between June 8 and June 10, with specific leadership assigned to manage both the legislative and executive primary appeals.
latest
Election Chaos! INEC Declares All Primaries After May 30 Null And Void!.
The Independent National Electoral Commission (INEC) has issued a clear warning to political parties: any primary election conducted after the May 30 deadline is invalid unless a higher court decides otherwise. INEC National Commissioner, Mohammed Kudu Haruna, stated that parties must follow the Electoral Act 2026 until the Court of Appeal rules on INEC’s pending appeal. Haruna clarified, “Currently, primaries held after the deadline are null and void unless the court overturns a previous ruling that found fault with our timetable.” This clarification follows a legal back-and-forth, including a Federal High Court decision to nullify parts of INEC’s 2027 timeline and a second court later confirming the commission’s power to issue timetables, but within statutory limits. Separately, in Kaduna State, the African Democratic Congress (ADC) has ordered reruns in numerous constituencies after finding significant “irregularities” and “fraudulent practices” in its initial primary polls.....KINDLY READ THE FULL STORY HERE▶
Election Jitters: INEC Invalidates All Primaries After May 30, Reruns Ordered
INEC is enforcing its May 30 primary election deadline, warning parties that any late polls are invalid pending a Court of Appeal decision. Commissioner Mohammed Kudu Haruna confirmed, “Obviously, for now, any primary held outside INEC’s May 30 deadline will be invalid.” This follows complex legal battles over the 2027 election timetable. While one court nullified aspects of the timeline, another later affirmed INEC’s power to set the schedule within lawful limits. Parties are advised to strictly adhere to the current rules. Meanwhile, the ADC has been thrown into chaos in Kaduna State, with its appeals committee ordering extensive reruns after uncovering “procedural breaches” and “irregularities” across multiple federal and state constituencies, emphasizing that any consensus or affirmation moves require total consent.
Option 3: Punchy and Action-Oriented
INEC has ordered a halt to late primary elections. Commissioner Haruna warns that any polls after May 30 are considered invalid until a higher court rules otherwise. The legal confusion stems from conflicting court judgments regarding the commission’s authority over the election timeline. As legal proceedings continue, parties are warned to stick to the existing Electoral Act. The impact is already visible: in Kaduna, the ADC has ordered major reruns in numerous wards and constituencies due to “fraudulent practices” and “substantial irregularities” discovered by its internal panel. This emphasizes the commission’s efforts to ensure the integrity of the process, reminding parties that fairness is critical for all aspirants.
latest
Senate Declares War On Soda: Prices Set To Soar With New Sugar Tax!
The Nigerian Senate has officially transitioned from a flat excise duty to a price-based tax for sugar-sweetened beverages. This amendment, arising from the Customs, Excise Tariff (Amendment) Bill, replaces the previous ₦10 per litre charge with a percentage-based levy determined by the Minister of Finance. Legislators noted that the previous flat-rate system had become ineffective due to inflation and rising public health concerns. Furthermore, the Senate has mandated the creation of a dedicated health fund, financed by a portion of these tax revenues, to bolster primary healthcare, disease prevention, and insurance coverage for vulnerable citizens. This initiative aims to address the growing prevalence of non-communicable diseases—such as diabetes and hypertension—linked to high sugar consumption.....KINDLY READ THE FULL STORY HERE▶
In a move to curb excessive sugar consumption and boost public health funding, the Senate has overhauled Nigeria’s sugar tax policy. The outdated ₦10 per litre flat tax is being replaced by a flexible, price-based levy to better reflect current economic realities. Revenue from this new tax will be directed into a specialized health fund designed to support disease prevention and expand healthcare access. Lawmakers emphasized that this shift is a strategic public health intervention to combat the rising burden of lifestyle-related ailments like obesity and cardiovascular disease.
Senate Overhauls Sugar Tax to Tackle Public Health Crisis The Senate has approved a major shift in how sugary drinks are taxed in Nigeria, moving away from a flat ₦10 per litre fee to a dynamic, price-based system. This new policy, guided by the Customs, Excise Tariff (Amendment) Bill, is designed to be more effective than the previous system, which had lost its impact due to inflation. Crucially, the government will now funnel a portion of the proceeds into a new health fund dedicated to fighting non-communicable diseases and improving primary healthcare services. By tying the tax to retail prices, the Senate aims to discourage unhealthy dietary habits while securing sustainable funding for national health interventions.
-
latest9 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
