Senator Ningi Resigns As Chairman Of Northern Senators Forum

Mohammed Shosanya

Senator Abdul Ningi who represents Bauchi Central at the National Assembly has resigned his position as the Chairman of the Northern Senators Forum.

He tendered his resignation from the forum shortly after he was suspended by the Senate over his allegation that three trillion naira was unjustly inserted into the twenty-twenty four budget.

In a letter to the Secretary of the forum, Senator Abdul Ningi explained that he resigned due to unfolding events in the north, and the entire country .

The lawmaker has been at the centre of recent controversy on the figures contained in the 2024 Appropriation Act.

Senator Abdul Ningi had in an interview with the BBC last week alleged that the Senate passed a twenty five trillion naira budget for the fiscal year, while the executive announced a twenty eight trillion naira Appropriation Act.

He added that the infused figures were not tied to any project in the document.

Strike: Kaduna Electric Tackles NUEE,Says Action Unjustified

Mohammed Shosanya

The Kaduna Electric,has condemned the ongoing strike action embarked upon by members of the Nigerian Union of Electricity Employees (NUEE),saying the action is unjustified.

Nigerians should also condemned the union’s action,which is worsened by the fact that it commenced during the month of Ramadan,a statement said on Tuesday.

“For the union to choose this path at the very start of the Holy month of Ramadan and inflict more discomfort on hapless Nigerians by embarking on an ill-advised strike and forcing staff from carrying out their legitimate duties says a lot about its motive”,Abdulazeez Abdullahi,Head, Corporate Communication,Kaduna Electric said in the statement sent to Premium News.

The statement explained that the union’s demand for payment of outstanding pension arrears which is the supposed justification for forcing misery on citizens is part of the historic debts accumulated under two previous managements.

The statement expressed displeasure over the failure of the union to prioritize the payments then until now,adding that the development was a clear indication that the union has other motives yet unknown to the power company.

According to the statement,since his assumption of office in January 2024,the administrator has demonstrated willingness to work with the unions to move Kaduna Electric forward.

It also said,that the administrator has held series of meetings with them to get their buy-in into his plans to turn the company around.

It therefore beggars belief why NUEE has chosen the route of industrial action instead of coming round to discuss whatever perceived grievance it may have,the statement said.

It added:”The management’s commitment to employee welfare is unwavering, and we have consistently engaged in open dialogue to address concerns. It is on record that staff enjoyed a salary increment in the CEO’s very first month in office in addition to a commitment to pay salaries when due. He has also committed to a plan to offset all liabilities as more resources become available.

“This strike action does no good to anyone but some individuals whose motive is still unclear. We urge our esteemed customers to disregard it and go about their dealings with us unhindered.”

Nigeria:All On,Arnergy Close 3Million Bridge Round Investment To Boost Renewable Energy Access

Mohammed Shosanya

All On, a Nigerian impact investment company recently announced a strategic $3 million bridge round investment in Arnergy, a market leader in distributed renewable energy products and solutions.

This infusion of capital by All On, one of Arnergy’s Series A investors, positions Arnergy to leverage the growing demand-supply gap for solar systems in Nigeria,a statement said.

The Chief Executive Officer, All On, Caroline Eboumbou,who commended Arnergy’s unwavering dedication to clean energy solutions said, “We are proud of our partnership with Arnergy over the past years. Our investments into Arnergy have supported our goal to empower communities and create a cleaner future for Nigeria. Arnergy exemplifies the impact we strive to achieve at All On, innovative solutions and unwavering commitment to sustainability. This investment reaffirms our confidence in their ability to scale their operations and accelerate the adoption of clean energy in Nigeria and beyond.”

“The successful closure of this bridge round underscores Arnergy’s unwavering commitment to providing, one-stop-shop products and services to Nigerians through Mini-Grid Developers and accelerate the launch of our channel partnerships, installer, and distributor network across Nigeria with quality products and services at market-driven price points. said Femi Adeyemo, Founder and CEO, Arnergy.

“With the support of our investors, particularly All On, we are well-positioned to capitalize on the increasing demand for solar systems and drive positive impact at scale,” he said.

All On is committed to continuing bringing innovative investment that will increase access to commercial energy products and services for under-served and un-served off-grid energy market in Nigeria. Arnergy is gearing to raise its Series B round, which is targeted for closure in Q1 2024.

This next funding phase will enable the company to scale its operations further, deepen its impact, and catalyze the adoption of quality, affordable renewable energy products and solutions within and beyond Nigeria’s borders.

NNPC Ltd Woos EFCC In Fight Against Crude Oil Theft

Mohammed Shosanya

The Nigerian National Petroleum Company Limited (NNPC Ltd.),has begged the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the country.

The Group Chief Executive Officer of the company, Mr. Mele Kyari, made the appeal at an interactive session with the EFCC’s helmsman, Mr. Ola Olukoyede, which held at the NNPC Towers in Abuja on Monday,a statement said.

A statement signed by Olufemi O. Soneye,Chief Corporate Communications Officer,NNPC Ltd,quoted Kyari as speaking
passionately about the efforts by NNPC Ltd to eradicate corruption from its system and stem crude oil theft and pipeline vandalism.

Kyari maintained that going by the volume of oil stolen daily and the brazenness with which the perpetrators operate, crude oil theft was the most humongous and virulent economic crime in Nigeria that must attract the attention of the EFCC.

“As we continue to do our best to deepen transparency and stamp out corruption from the system, there is one big challenge that you will need to help us with, Mr. Chairman. That challenge is crude theft. It fits into everything you have said – the people, the asset, the opportunity, and the absence of deterrence.”

“We have deactivated 6,409 illegal refineries in the Niger Delta region. Today, we have disconnected up to 4,846 illegal pipes connected to our pipelines, that is out of 5,543 such illegal connection points. That means there are a vast number of such connections that we have not removed.

“These things don’t just happen from the blues. They happen in communities and locations we all know. As we remove one illegal connection, another one comes up. It is sad, Mr. Chairman.”

“This kind of thing does not happen anywhere else in the world. When we say illegal connections, they are not invisible things, they are big pipes that require some level of expertise to be installed. Some of them are of the same size as the trunk line itself. No one would produce crude oil knowing fully well that it is not going to get to the terminal. That is why nobody is putting money into the business. So, you can’t grow production.”

“I believe, personally, that the very purpose of your commission is to curtail economic crimes, and there is no bigger economic crime of this scale anywhere else than what is happening in this area,” the GCEO lamented.

Speaking on corruption in the system, Kyari explained that by law, NNPC Ltd is required to maintain high ethical standards and has put in place structures and measures to curb discretionary actions which fuel corruption, stressing that most processes in the company have been fully automated to discourage arbitrary actions.

He disclosed that many issues of corruption reported in the public were either not true or recycled from the past.

In his presentation, the Executive Chairman of EFCC, Mr. Ola Olukoyede, expressed satisfaction with NNPC Ltd.’s commitment to issues of ethics and code of conduct.

He, however, challenged management to ensure that the codes of ethics and regulations are complemented with monitoring and enforcement to enhance deterrence.

Court Remands Ambode’s Chef For Theft

Mohammed Shosanya

A Sabo-Yaba Chief Magistrates’ Court sitting in Lagos,Monday, remanded former Lagos State Governor, Akinwunmi Ambode’s chef, Victor Abayomi, for allegedly stealing valuables worth millions at his Ikoyi residence.

The Chief Magistrate, Mr Peter Nwaka, ordered the remand of the defendant for 30 days in Ikoyi Correctional Centre.

Nwaka adjourned the matter until April 8, for further mention.

Abayomi is standing trial on a two-count charge of conspiracy and theft.

The legal officer, Joshua Babalola, in the employ of the State Security Service (SSS),had earlier told the court that Abayomi and some others still at large committed the offences at the residence of the former governor.

He alleged that the defendant carted away valuable items worth millions of naira from his employer’s residence at Ikoyi.

According to him,the defendant absconded to Old Garage, Molorundo Local Government Area, Osun State, where he was arrested by Ambode’s SSS on March 7.

EKEDC Goes Tough On Vandals,Jails Two

Mohammed Shosanya

Eko Electricity Distribution Company (EKEDC) has reiterated its stance to go against vandalism of its equipment, illegal connection, and energy theft across its franchise area.

The General Manager, Corporate Communications of the utility firm, Babatunde Lasaki,who,disclosed this in a statement on Monday,implored the public to support its fight against vandalism of electricity installations, illegal connections, and energy theft.

According to the statement,the company has had multiple court cases in 2024 and will continue its quest in ensuring offenders are prosecuted.

“We have had several cases this year bordering on vandalism, reckless driving, and illegal reconnection across our network. For example, one Arisu Umar was sentenced to three months, six months, and another six months to run concurrently from the date of remand for stealing and willful damage to our equipment in Ojo. Also, another man, Gesiakimi Paka was sentenced to a two-year jail term for conspiracy and attempt to steal” Lasaki said.

He also noted that Ikenze Joseph, Isiya Salisu, Abdulahi Jemilu, Zelani Basiru, Afolabi Daniel, Sanusi Garba have all been arraigned for vandalism-related charges, Qudus Yusuf, a 17-year-old has also been remanded in the Juvenile Correctional Centre for vandalism while Dauda Bamikole was charged with reckless and dangerous driving for colliding with electricity poles belonging to EKEDC in the Ebute Metta area of Lagos.

He also mentioned the case of one Sheriff Ojelowo who was docked for habitual illegal reconnection after being disconnected.

He noted that these illegal activities and other factors contribute to service downtime and the Company’s inability to provide stable power supply to its customers. He reiterated EKEDC’s commitment to providing a safe, reliable, and constant electricity supply to its customers.

He added: “We commend our customers, communities, and security agencies for their role in securing the electricity installations around them. We also call for more concerted efforts towards guarding and securing them better to forestall future vandalism or theft. We are also using this as a medium to warn perpetrators of this preposterous act of vandalism, energy theft and other illegal activities to refrain from doing that or face the full extent of the law as our legal team is poised to ensure the prosecution of these perpetrators.”

He urged customers to always reach out to EKEDC through its various touchpoints for any complaints they have for prompt resolution of such issues.

NUPRC Not Indicted For Non-Remittance Of N151bn Into Federation Account-Official

Mohammed Shosanya

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Monday faulted reports that it was indicted by an Audit Report for non-remittance of funds into the Federation Account.

The agency’s reaction was in response to a recent newspaper report .It said that it cannot remit funds into the federation account that it never received.

The report had claimed that a 2022 Report from the office of the Auditor General of the Federation indicted the Nigerian Customs Service and the NUPRC for non-remittance of billions of Naira.

But,the NUPRC in a statement signed by the Head, Public Affairs and Corporate Communications,Mrs Olaide Shonola, said the report “clearly shows a lack of understanding of the composition and responsibility of the NUPRC.”

It added: “ The newspaper quoted the report as indicating that N151.121bn deducted by the Nigeria National Petroleum Company Limited (NNPCL) on behalf of NUPRC (formerly Department of Petroleum Resources) as royalty for 2020 was not captured in the federation account.

“In the first place, the audit report under reference is that of the Year 2020. The NUPRC is a creation of the Petroleum Industry Act (PIA) of 2021 and was inaugurated in October 2021.

“It is a regulatory body and not directly involved in operational activities. It therefore smacks of professional sloppiness to link NUPRC by whatever definition to a report of 2020. It is also mischievous to claim that NUPRC did not remit funds it never received.

“Funds, including royalties, received by licensees (all operators, NNPCL inclusive) are meant to be remitted directly to the Federation Account. It does not pass through NUPRC. They are responsible for receiving and remitting funds from oil and gas sector operations to the designated accounts.”

The Commission said in the statement that even though the NUPRC, as a regulator, subsequently made efforts for the licensees to remit all outstanding funds in their custody to the Federation Account, the reasons for neglect, failure or refusal to do so are directly within their respective purview.

“It is therefore an act of mischief to lay the fault on NUPRC or blame the Commission for not remitting funds it never received.It must be stated emphatically that the NUPRC cannot bear vicarious indictment for a process outside its domain, as it does not receive and is not in a position to fail or refuse remittance,” the statement added.

Your Allegation Against NLC Leadership Uncharitable,CHRICED Lambasts Isa Tijjani

Mohammed Shosanya

The Resource Centre for Human Rights and Civic Education (CHRICED),has expressed disappointment with the statement made by Comrade Isa Tijjani, the former Vice President of the Nigeria Labour Congress (NLC), accusing the current President of the NLC, Comrade Joe Ajaero, of “alleged moves to plunge Nigeria into economic and political crisis using his excessive strike actions”.

The group in a statement on Monday,said it finds the statement disturbing, unkind and lacking compassion, especially coming from a former labor official.

It appears to be an attempt to discredit a courageous leader who has dedicated his life to fighting for the suffering masses of Nigeria,it added in the statement signed by its Executive Director,Comrade Ibrahim M. Zikirullahi

The statement quoted that,in addition to labeling Comrade Ajaero, Isa Tijjani failed to provide any concrete evidence of positive steps taken by the government of President Tinubu to alleviate the hardships faced by the Nigerian people.

The statement asks rhetorically:” Where was Comrade Isa when the price of petrol was raised from N180 per litre to N650 per litre? Where was he when the value of the Naira suddenly plummeted from N650/$ to N1,700? Does Isa Tijjani realize that people are dying every day due to lack of food, medicine, water, electricity, and other basic necessities, all caused by the poor and confused economic policies of the Tinubu administration?

“Where was Isa Tijjani when President Tinubu allocated over N68 billion for the purchase of SUV cars for members of the National Assembly, N1.6 billion for his wife’s cars, and several additional billions for the renovation of the president and vice president’s residences?”

“The former leader of the NLC must be living on a different planet to make baseless accusations against Comrade Ajaero and the NLC leadership for demanding a minimum wage of N450,000, which is equivalent to $270.

“It is astonishing that someone who has never spoken out against the rampant corruption, excessive government spending, and oppressive economic policies would suddenly wake up and accuse the NLC president of attempting to destabilize Nigeria through strike actions. In fact, Nigerians require more strikes and protests as that seems to be the only language this stubborn and inhumane administration understands”.

The group urged Comrade Joe Ajaero and his team at the NLC not to succumb to what it calls “the senseless ramblings of a few renegades and government apologists”, but to continue their struggle for the emancipation of the suffering masses of Nigeria.

It further advised the NLC leadership to be focused by building supporting robust civil society networks and grassroots organizations across the country to fortify their efforts in championing the economic rights of the people.

PalmPay Unveils Two Cost-Saving Products

Mohammed Shosanya

Africa-focused fintech platform, PalmPay,has unveiled two cost-saving financial products – Unlimited Free Transfer and Target Savings – for users of its app.

With the new financial products, users of the PalmPay app can now enjoy unlimited free transfers to all banks in the country and also customize their savings plan to suit their preferred savings amount, duration and frequency,the company said in a statement on Monday.

Introducing the unlimited free transfer, Managing Director of PalmPay Nigeria, Chika Nwosu,explained that the fintech company was offering accessible and affordable financial services to its users to perform transactions without worrying about bank charges on transfers to all banks for an initial phase of 3 months.

“We are excited to introduce unlimited free transfers to our users. This aligns with our mission to provide inclusive financial services that meet the needs of our diverse user base. We believe that everyone should have access to affordable financial services, and this update is a significant step towards that goal,” Mr Nwosu said.

By removing transfer fees to all banks and fintech platforms on its app, PalmPay has now empowered its millions of customers to enjoy endless fund transfers to family and friends, pay their bills seamlessly, and manage their finances more effectively.

The PalmPay Target Savings allows users of the fintech app to create their savings goals, and customize their preferred savings duration and frequency. The system will automatically save for you based on your set frequency and amount.

Once the user has attained their goals, reached their savings target date and has achieved their set savings amount, they earn an attractive interest rate of 12% Per Annum (P.A) for their savings discipline on the amount they’ve been able to save.

PalmPay is a leading Africa-focused fintech platform committed to driving economic empowerment in Africa by offering top-tier financial services like money transfers, bill payments, credit services, and savings on its app and mobile money agents.

PalmPay has its footprint in Ghana where it operates with an enhanced payment service providers (EPSP) license, offering merchant acquiring solutions (All-in-one payment solutions for business), and also operates in Tanzania as a payment system provider, with plans to grow its multi-country and cross-border presence.

With a transaction success rate of 99.9%, PalmPay users are able to send and receive money seamlessly, pay bills effortlessly, shop with ease and earn discounts and cashback while performing these transactions.

NANS To Tinubu:Probe Mismanagement Of Ajaokuta Steel Company

Mohammed Shosanya

The National Association of Nigerian Students, NANS,has expressed concerns about misconduct in Ajaokuta Steel Company and urged President Bola Tinubu to order a thorough investigation into reported mismanagement.

“If there are individuals or group of individuals protecting the corrupt managers of the Ajaokuta Steel Company and hereby shielding them from any form of probe and judgement, it simply means that they are beneficiaries of the ill-gotten proceeds of the mismanagement or they have other personal interests that are not people-friendly and that are tantamount to water down or nullify President Bola Ahmed Tinubu’s fight against corruption. These set of people should also be probed. They may even be part of those used by these selfish leaders to loot the treasury of the steel company dry.”

The student body implored the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices & Other related Offences Commission (ICPC) to stand their ground against every form of intimidation or shielding, as they probe and investigate mismanagement in Ajaokuta Steel Company.

“While the revamping of this company is going on, the probing of these culprits should aggressively continue. Both can go concurrently, and one will not affect another. As a matter of fact, the probing is an essential part of the revamping because investigators and other Stakeholders may discover in the course of probing that some bad eggs are still on the management and staff of this Steel Company. With these probes, many unveilings will take place, giving way to a holistic revitalization and resuscitation of the Ajaokuta Steel Company.”

The umbrella body in a press release said those involved in the mismanagement of this company must be brought to book immediately:

“This is simply because if these offenders are brought to book, it will serve as a deterrent to others who are aspiring to steal from the company as soon as it starts operation again. Bringing them to book will help the company grow in the sense that the money recovered from these offenders would be pumped back into the company and it will give it a higher lift in every sense.”

In the release signed by NANS Universal President, Comrade Lucky Emonefe, GCNS, the association vowed not to back down on fights of this peculiarity, especially one that is against the tenets of financial accountability and transparency.

“Power intoxicates, and absolute power intoxicates absolutely. Having a Sole Administrator for the past 12 years to oversee a public and national company like Ajaokuta Steel is not good enough. This gives room to corruption in the sense that there will be no one else to check the excesses of the Sole Administrator and this may give him/her an ample chance to misuse the trust and powers given to him/her.

” Hence, power in this institution should be broken down to the Managing Director, Executive Director Technical Services, Executive Director Finance and other directorates for more effectiveness, accountability and productivity that will culminate in efficacious checking and balancing.”

The association emphasized the import of addressing concerns raised by Nigerians and ensuring that no single tribe, out of the over 200 tribes in Nigeria has the right to lay claim of sole ownership to this government project built from the nation’s taxpayers’ money.

“In as much as this company is Federal Government owned, one particular group should never claim ownership and control of it because it’s built on their land. Just the way no single tribe is laying claims to the oil in the Niger Delta and the Hydroelectric dams in Kanji and its environs.

” This company should be a haven of massive employment opportunities for us Nigerian Students upon graduation and it should also be a technology site where our potential engineering students all over the country could come and experience technological innovations at its peak as they aspire for greatness in the field of engineering. So, no single tribe, out of the over 200 tribes in Nigeria has the right to lay claim of sole ownership to this government project built from the nation’s taxpayers’ money. This must be checkmated.”

The association underlined Bola Tinubu’s commitment to the development of the country.

“We want to sincerely appreciate H.E. Bola Ahmed Tinubu, GCFR, the President of the Federal Republic of Nigeria, for the humongous effort he has put into the development of the Ajaokuta Steel Company and National Iron Ore Mining Company, Itakpe, since he assumed office. From history, apart from the Shehu Shagari era, this will be the first time that this company would be having this kind of unusual support from the Federal Government.

“This is highly commendable. We also want to appreciate the office of the Senate President, Distinguished Senator Godswill Akpabio for his huge and tireless efforts in making sure that this company comes back on its feet and deliver the purpose with which it was founded. All his efforts are seen, and they won’t go unappreciated.”

It commended members of the National Assembly, especially Senator Natasha Akpoti-Uduaghan, who raised one issue or the other in support of the growth and development of the company.

“We believe that their efforts shall not go unrewarded and their wishes towards the progress of Ajaokuta Steel Company will come to materialization in no distant time.”

The association highlighted the dedication of the government and the stakeholders.

“Ajaokuta Steel Company and National Iron Ore Mining Company have remained in operational, but resuscitation plans of the projects are near with the attraction of investors in topmost gear. The government and the stakeholders alike are working assiduously to see that the company comes back to life. This is a good omen for the Renewed Hope Agenda to continue to flourish amidst the global economic crisis that has engulfed the world right about now.”

It pointed out that individuals who brought the Ajaokuta Steel Company to this comatose are still walking the street un-investigated and unpunished.

“These people who have been indicted to the tune of several millions of US dollars further siphoned $496m in September 2022 through Buhari’s administration. They have neither been probed nor punished. This is not a good precedent at all and if unchecked would create an avenue for dabbling into President Tinubu’s efforts of resuscitating the steel plant.”