Power Holding Company of Nigeria

Total blackout looms in Maiduguri metropolis, Jere Local Government Area and its environs in Borno state following another fresh bombing of two transmission towers along Maiduguri-Damaturu road. Sources have said.

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former Director General of the Bureau of Public Enterprises (BPE), Benjamin Dikki, on N1billion gratification charges.

The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned a director of the defunct Abiodun Hassan before Justice Sylvanus Oriji of the FCT High Court, Apo, for alleged misappropriation of over N10.2billion.

The Senate on Monday opened investigation into the alleged ‘missing’ N27bn meant for the payment of the pension of former staff of the defunct Power Holding Company of Nigeria.

The Senate on Monday resolved to issue a warrant for the arrest of the Sole Administrator of the Niger Delta Development Commission (NDDC), Effiong Akwa, over his refusal to appear before it in relation to an alleged mismanagement of N6.2 billion on COVID-19 palliatives by the agency’s management last year.

The Bureau of Public Enterprises (BPE) has debunked reports that it diverted N14 billion sales proceeds of the defunct Power Holding Company of Nigeria (PHCN) into private banks.

The Bureau of Public Enterprises (BPE) has refuted reports that it diverted N14 billion from the proceeds of the privatisation of the defunct Power Holding Company of Nigeria (PHCN).

The Bureau of Public Enterprises (BPE) has handed over the Afam Power Plant in Oyigbo Local Government of Rivers State to Transcorp Power Consortium, which emerged the preferred bidder of the power asset, with a bid offer of N105 billion.

The Bureau of Public Enterprises (BPE), says its officials did not divert N2.5 billion from Power Holding Company of Nigeria (PHCN) to buy property in Aso Savings and Loans (ASL).

The Senate Committee on Public Account on Monday condemned the diversion of N2.5bn by officials of the Bureau of Public Enterprises.

President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.

The Nigeria Labour Congress (NLC) has urged the Nigeria Electricity Regulatory Commission (NERC) to take decisive action on the plan by DISCOs to hike electricity tariff in the country.

The House of Representatives on Thursday rejected the presentation of the Central Bank of Nigeria (CBN) on the $11 billion withdrawn from the Excess Crude Account for the National Integrated Power Project following observed discrepancies in its presentation and that of the Accountant General of the Federation.

Organised labour has rejected recent order by the Federal Inland Revenue Service, FIRS, to property owners and their agents to charge 6 percent Stamp Duty on all tenancy and lease agreements enter into with all leases and remit to the service.

There was wild jubilation in Maje town, headquarters of Guda Ward in Ningi Local Government Area of Bauchi State on Thursday as Speaker of the State House of Assembly, Abubakar Suleiman, provided a 33KVA transformer to restore electricity in the community after three years of darkness.

President of the Senate, Ahmad Lawan, on Monday charged the Senate Committee on Power to look at what has happened to the agreement signed in 2013 on the privatisation of power sector.

Eko Electricity Distribution Company (EKEDC) says it is planning to decommission Unistar Meters assigned to about 11, 000 customers within its franchise areas.

Pensioners of Nigeria Electricity Power Authority/Power Holding Company of Nigeria (NEPA/PHCN), yesterday, protested non-payment of their over N25 billion benefit arrears since 2012 till date.

Workers under the aegis of National Union of Electricity Employees (NUEE) have threatened to resume their recently suspended nationwide strike if the government fail to implement agreement reached with them

Eko Electricity Distribution Company (EKEDC) has received an award for being an Employee-Friendly organization from the National Union of Electricity Employees (NUEE).

Eko Electricity Distribution Company made this known via its Twitter handle @EKEDP on Thursday.

The House of Representatives has summoned the Minister of Power, Saleh Mamman, and his Labour and Employment counterpart, Chris Ngige, to explain why nothing was done regarding the 21 days ultimatum given by Electricity Workers Union over unpaid benefits to disengaged employees of the defunct Power Holding Company of Nigeria (PHCN), as well as improved condition of services by their current employers.