Power Holding Company of Nigeria

Human rights advocacy group, Socio-Economic Rights and Accountability Project, has advised President Muhammadu Buhari to refer the alleged $16bn spending on electricity between 1999 and 2007 to the Economic and Financial Crimes Commission.

The Abuja Electricity Distribution Company (AEDC) has retrenched 500 workers in the offices of Abuja, Niger and Nasarawa.

The Senate on Thursday urged the Niger Delta Power Holding Company (NDPHC) to reinstate Maryam Mohammed and pay her entitlements since June 2016, when she was ‘wrongfully’ sacked.

The house of representatives has resolved to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN).

The Nigeria Security and Civil Defence Corps (NSCDC) in Jigawa on Tuesday said it had arrested four suspected vandals in the state.

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.

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

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).