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Power Holding Company of Nigeria
Justice Nnamdi Dimgba of the Federal High Court sitting in Abuja on Tuesday ordered temporary forfeiture of N6,584,785,000; $222,000 and Aso Savings Limited shares valued at N2,028,800,000 believed to be proceeds of the sale by Power Holdings Company of Nigeria (PHCN) to the Federal Government.
The Economic and Financial Crimes Commission, EFCC, has said that the sum of N27bn, which formed part of the proceeds of the sale of Power Holding Company of Nigeria, PHCN, was shared among top government functionaries in 2014.
An Aide to the President of the Senate Dr Bukola Saraki has said that he (Saraki) had continued to break many new grounds as the Senate’s President in spite of being “vilified”.
The immediate past Chairman of the Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, and the Secretary-General of the National Union of Electricity Employees, Mr. Joe Ajaero, have condemned the privatisation of the power sector.
The group spans across Identity Management, Biometric Solution Platforms; Business Process Outsourcing Services; Electronic and Card Payment Systems; Mobile Payments; ATM sales, deployment and support; POS deployment and support.
The Senate has mandated its Committee on Ethics, Privileges and Public Petitions to probe the failure to reinstate the sacked General Manager (Audit and Compliance) of the Niger Delta Power Holding Company (NDPHC), Mrs. Maryam Danna Mohammed; over a year after President Muhammadu Buhari ordered that she be reinstated.
The Senate has mandated its Committee on Ethics, Privileges and Public Petitions to investigate failure by the Niger Delta Power Holding Company to re-instate Mrs. Maryam Danna Mohammed as the General Manager (Audit and Compliance) of the company, in spite of a directive by President Muhammadu Buhari.
The House of Representatives on Tuesday resolved to investigate alleged fraudulent sale of Power Holding Company of Nigeria (PHCN) none-core assets and scraps.
Public expectation for adequate and stable power supply may have been raised when President Goodluck Jonathan handed over share certificates to private investors in five generation companies (GENCOs) and ten distribution companies (DISCOs) which were created from the unbundled Power Holding Company of Nigeria (PHCN).
Mr Mike Igini, the Resident Electoral Commissioner (REC) in Akwa Ibom, has advised staff of the Independent National Electoral Commission (INEC) to work hard to earn public trust ahead of 2019 elections.
The Senate has urged the Federal Government to appoint a separate minister for the Ministry of Power to ensure optimal performance.
The management of General Electric (GE), has set a fresh condition for it to invest in the Electricity Distribution Companies (DisCos).
The significant turnaround of Egbin Power Station is a clear expression of investors’ confidence in the sector and an indication that the privatisation of the power industry is succeeding, Minister of Power, Works and Housing, Babatunde Fashola, has said.
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The former Commissioner for Finance and Economic Development in Ekiti State, Mr. Dapo Kolawole, has accused the state governor, Mr. Ayodele Fayose, of fraudulently rewarding contracts already awarded under the immediate past administration of Dr. Kayode Fayemi.
Two Indonesian men have been arrested for allegedly uploading a video of themselves having sex to social media, police said Tuesday, amid a crackdown on the LGBT community in the world’s biggest Muslim-majority nation.
Almost 1,500 people were evacuated from a hotel and night club in central London overnight and two train stations were closed following a gas leak, authorities said Tuesday.
An Ota Magistrates Court in Ogun on Tuesday sentenced a 37-year-old man, Ramon Bello, to two years imprisonment for stealing a ram valued at N75,000.
The Minister of State for Aviation, Sen. Hadi Sirika, says Nigeria is committed to the full implementation of the Single African Air Transport Market (SAATM), which will be inaugurated on Friday in Addis Ababa, Ethiopia.
UN Secretary-General Antonio Guterres said the world, in the past year, has gone in reverse as peace remains elusive.
The Corps Marshal, Federal Road Safety Corps (FRSC), Mr Boboye Oyeyemi, says the corps will reduce by 50 per cent the rate of accidents on the highways if the funds appropriated for the agency was adequately released.
Theo Walcott has travelled to Merseyside to undergo a medical with Everton ahead of his proposed move from Arsenal.
A political group; “Iam Atikulated2019’’ has appealed to leaders and stakeholders of the People’s Democratic Party (PDP) to support the candidacy of Alhaji Atiku Abubakar in the 2019 presidential elections.
A former Interim National Chairman of All Progressives Congress (APC), Bisi Akande, says the presidential system of government Nigeria is practicing can no longer sustain its growth and success.