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Power Holding Company of Nigeria

Court orders interim forfeiture of ex-President Jonathan allies’ N6 billion, houses

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.

How President Jonathan’s officials, cousin shared N27bn proceeds of PHCN sale – EFCC

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.

Senator Saraki most vilified, yet the best – Chuks Okocha

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”.

Ex-NERC chief Sam Amadi, Joe Ajaero fault power sector privatisation

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.

Chams celebrates 32 years of championing innovative solutions for public, private sectors

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.

Senate probes failure to reinstate sacked NDPHC manager, despite President Buhari’s directive

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.

Senate probes power firm over failure to comply with President Buhari’s reinstatement order

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.

House of Reps to investigate alleged sale of PHCN assets

The House of Representatives on Tuesday resolved to investigate alleged fraudulent sale of Power Holding Company of Nigeria (PHCN) none-core assets and scraps.

Labour urges federal govt to stop funding DISCOs

Organised Labour has advised the Federal Government to stop any plan to further give monies to privately-owned Electricity Distribution Companies, DISCOs, in Nigeria.

Negative income from PHCN sale?

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).

REC Mike Igini urges INEC staff to earn public trust ahead of 2019 elections

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.

Senate calls on fed govt to appoint separate minister for power sector

The Senate has urged the Federal Government to appoint a separate minister for the Ministry of Power to ensure optimal performance.

General Electric states condition for investing in DisCos

The management of General Electric (GE), has set a fresh condition for it to invest in the Electricity Distribution Companies (DisCos).

Minister Babatunde Fashola assesses power privatisation

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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2019: Group woos support for ex-VP Atiku Abubakar to clinch PDP ticket

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