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Niger Delta Power Holding Company
Speaker of the House of Representatives, Hon. Yakubu Dogara, has said that the House will not relent until all allegations of misuse of N10.08 trillion (about $30 billion) by the Niger Delta Power Holding Company (NDPHC) is unravelled.
The Chief Justice of Nigeria (CJN) and chairman, Board of Governors, National Judicial Institute (NJI), Abuja, Justice Walter Onnoghen, on Monday, said the judiciary would be stringent in applying punishment for electricity and pipeline vandals.
The Economic and Financial Crimes Commission (EFCC) has begun investigating the alleged $16 billion spent on power during the administration of former president Olusegun Obasanjo.
The Niger Delta Power Holding Company (NDPHC) has said that it would distribute 20,000 units of home solar system to various communities yet to be connected to the national grid across Nigeria.
Minister of Power, Works and Housing, Mr Babatunde Raji Fashola, has commissioned a 60MVAR capacitor bank at the Apo 132/33KV transmission substation in Abuja aimed to improve electricity supply to about 7,000 households.
He also described as false repeated claims by some experts that the NIPP generation plants were mostly conceived and built with little or no thoughts for stable gas supply to them, hence their challenges with accessing gas to run.
For the N701 billion intervention funds granted the Power Generation Companies, GENCOs, by the Federal Government early last year, the power sector would have experienced total collapse, Managing Director of Niger-Delta Power Holding Company, NDPHC, Mr. Chiedo Ugbo, has said.
The Nigerian Society of Engineers has said, at the current state, the country’s infrastructure is “unfit for purpose”.
The Federal Government said it will present to electricity Distribution Companies (DisCos) with investments work plan to build 33/11/0.415kV lines and distribution substations to utilise the 2,000 megawatts (MW) generated but currently unutilised.
Gov. Umaru Al-Makura of Nasarawa State on Monday in Lafia inaugurated 2 by 7.5 MVA power injection substation to boost electricity supply to the state capital and environs.
The Federal Government on Monday announced that when some power generation projects were completed by 2018,they could generate additional 1,129 Mega Watts to the current 7,000 Mega Watts in the country.
The Director General of the Budget Office, Ben Akabueze, yesterday, said the Federal Government has concluded plans to sell key national assets in a bid to generate sufficient revenue to finance Nigeria’s annual budgets between 2018 and 2020.
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.
President Muhammadu Buhari yesterday presented to a joint session of the National Assembly a budget estimate of N8.612 trillion for the 2018 fiscal year.
Three electricity generation companies (Gencos) built by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Projects (NIPPs) would soon be sold to private investors in continuation of the 2013 NIPP privatisation that was suspended, the Managing Director of NDPHC, Mr. Chiedu Ugbo, has disclosed.
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