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Reps Order Jos DisCo to Remit N72bn in 60 Days
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…give Kano DisCo 30-day deadline to settle N40.7bn debt amid power sector probe
By Gloria Ikibah
The Public Accounts Committee of the House of Representatives, has directed the Jos Electricity Distribution Company (JEDC) to remit N72 billion to the federal government within 60 days. This is part of an ongoing investigation into a N2.6 trillion debt owed to the Federation Account by electricity distribution companies across the country.
The directive was issued during a public hearing chaired by Rep. Bamidele Salam, after lawmakers reviewed the 2021 Auditor-General’s report and submissions by the Nigerian Bulk Electricity Trading (NBET) Plc on Wednesday in Abuja.
According to NBET, Jos DisCo’s indebtedness stood at N161.7 billion as of 30 September 2020. The company, however, admitted to owing N72 billion as of 30 May 2025.
The representative of NBET told the committee that the reconciled debt figure as of May 2025 was N98.7 billion, leaving a disputed balance of N26.7 billion between the two parties.
After deliberations, the committee ruled that the admitted N72 billion must be paid to the federal government within 60 days. It also directed Jos DisCo and NBET to reconcile the outstanding N26.7 billion within 21 days and present a report to the committee.
Rep. Salam stressed that the National Assembly will no longer tolerate non-compliance from power sector operators, warning that all outstanding debts must be settled promptly to protect public funds.
Meanwhile, the committee also ordered the Kano Electricity Distribution Company to pay its N40.7 billion debt within 30 days.
“This is public money, and the federal government urgently needs these funds to fulfill its responsibilities. We expect full compliance and accountability,” he said.
In a related development, the committee also instructed Kano Electricity Distribution Company to remit N40.7 billion to the federal government within 30 days, representing half of its confirmed debt of N81.5 billion.
The company’s initial indebtedness of N211.7 billion, as presented by the Nigerian Bulk Electricity Trading Plc, was reduced to ₦85.8 billion following a reconciliation exercise.
KEDCO acknowledged owing N81.5 billion, while ₦4.3 billion remains in dispute.
The committee further directed the company to provide proof of payment within the stipulated 30-day period and to resolve the outstanding N4.3 billion within 21 days.
News
FG to evacuate 271 from South Africa today
By Francesca Hangeior
The Federal Government will evacuate 271 Nigerians stranded in South Africa, today, The Nation learnt.
According to an update by the spokesperson Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, Air Peace aircraft will depart Nigeria today, Monday, 29th June 2026, at 3:00 pm for the evacuation.
Ebienfa said the plane will depart South Africa at midnight to arrive on Tuesday morning.
The anti-immigration vigilante groups have set a June 30, 2026 deadline demanding undocumented foreign nationals, especially blacks, to leave South Africa.
The threat has sparked widespread fear of xenophobic unrest, leading several African nations to evacuate thousands of their citizens. Though South African authorities have heavily condemned the vigilante threats and deployed the police and military to tighten security nationwide.
Ebienfa in a terse statement said: “Nigeria will resume the evacuation of our Nationals from South Africa today.
“Air Peace aircraft will depart Nigeria today, Monday, 29th June 2026, at 3:00 pm, and is expected to arrive in South Africa at approximately 9:00 pm local time.
“The return flight is scheduled to depart South Africa at 12:00 midnight and is expected to arrive Murtala Mohammed International Airport, Lagos on Tuesday morning. The expected number is 271.”
News
UK rejects 1.34m Nigerian visa applications in 21 years
… As Nigeria records 33% refusal rate, accounts for 44% of Africa’s denials
By Francesca Hangeior
The United Kingdom has rejected more than 1.34 million visa applications from Nigerians over the past 21 years, according to official figures from the UK Home Office.
The data, drawn from the UK’s Entry Clearance Visa Outcomes database, show that 1,344,595 applications by Nigerians were refused between 2005 and the first quarter of 2026, placing Nigeria second only to India among countries with the highest number of UK visa denials.
Despite the high rejection rate, Nigeria remained one of the UK’s biggest sources of successful applicants. During the period, 2,723,558 visas were issued to Nigerians, making the country the third-largest recipient of UK visas after China and India.
Overall, Nigerians submitted more than 4.09 million visa applications, with decisions taken on about 4.07 million. The figures translate to an average refusal rate of 33.1 per cent—more than double the global average of 14.8 per cent. Nigeria also accounted for 44.4 per cent of all visa refusals involving African applicants.
Visitor visas accounted for the bulk of refusals, with 1,127,088 refusals—almost 84 per cent of the total. Study visas recorded 130,712 refusals, while 41,410 work visa and 12,217 family visa applications were also denied.
The highest rejection rates were recorded in the mid-2000s.
In 2006, UK authorities refused 117,968 Nigerian applications, a refusal rate of 49.6 per cent, while 111,058 applications were rejected in 2005.
Approval rates improved steadily over the years, peaking in 2023, when the UK granted a record 281,658 visas to Nigerians and the refusal rate fell to 21 per cent, the lowest in the review period.
However, the trend reversed after Britain tightened immigration rules in 2024 by raising salary thresholds for Skilled Worker visas and restricting dependents of international students and care workers.
Following the changes, Nigerian work visa applications fell sharply, while refusal rates climbed to 33.5 per cent in 2024, eased marginally to 33.1 per cent in 2025, and rose again to 35.4 per cent in the first quarter of 2026.
Among African countries, Ghana recorded the second-highest number of UK visa refusals, at 374,108, followed by Algeria, Egypt, Zimbabwe, Morocco, Kenya, Uganda, South Africa, and Sudan.
The UK Home Office also noted that Nigerian nationals remain among the largest groups seeking asylum after entering Britain on valid visas, a development it said has contributed to increased scrutiny of applications from Nigeria.
Former Nigerian Ambassador to Singapore, Ogbole Amedu-Ode, attributed the sustained surge in applications to Nigeria’s economic challenges and the “Japa” migration wave.
He said expanding economic opportunities at home would reduce the pressure on Nigerians seeking to relocate abroad, adding that the large number of visa approvals also reflected the UK’s continued attractiveness as a destination for Nigerians.
News
FCCPC threatens sanction against petrol price profiteers
By Francesca Hangeior
The Federal Competition and Consumer Protection Commission (FCCPC) is set to wield the big stick against oil marketers.
It follows their reluctance to reduce petrol pump prices in line with the falling global crude oil price.
The planned action, the commission said, became necessary after it observed that despite downward reviews of petrol ex-depot prices by domestic refiners, marketers, depot owners and retail outlet operators had only made negligible reductions at the pumps, which were not commensurate with the sharp fall in global crude oil prices.
Following a ceasefire agreement between the United States (U.S.) and Iran two weeks ago and the reopening of the Strait of Hormuz, crude oil prices have declined steadily, with Brent crude trading at $71.99 per barrel and West Texas Intermediate (WTI) at $69.23 per barrel yesterday.
The decline represents a sharp drop from the peak recorded during the conflict, returning prices to pre-war levels.
The earlier spike in global crude prices prompted local refiners and marketers to raise pump prices across the country, with petrol rising from about N800 per litre to between N1,350 and N1,500, while diesel sold for as much as N2,000 per litre as hostilities intensified in the Gulf.
Despite the subsequent decline in crude prices, petrol still sells for an average of N1,200 per litre, although some local refiners have reduced ex-depot prices to between N1,025 and N1,075 per litre.
Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, explained that although the commission does not regulate or approve petroleum prices in a deregulated downstream market, it has a statutory responsibility under the Federal Competition and Consumer Protection Act 2018 to promote competitive markets, prevent anti-competitive conduct and protect consumers from unfair, deceptive and exploitative business practices.
According to a statement by the FCCPC Director of Corporate Affairs, Ondaje Ijagwu, Bello said: “We are concerned that while dealers often respond swiftly by hiking pump prices whenever crude prices rise, it is curious that it is taking so long for consumers to benefit significantly when crude prices fall. Competitive markets must work fairly in both directions.
“Though recognising that domestic prices are influenced by a range of commercial and market factors, including refining costs, foreign exchange movements, logistics, financing and distribution expenses, the commission expects competitive market dynamics to facilitate the timely transmission of resulting cost efficiencies to consumers.
“Market liberalisation does not diminish businesses’ obligations to compete fairly or consumers’ right to fair treatment.
“Where credible evidence indicates conduct that undermines competition, exploits consumers or otherwise contravenes the Federal Competition and Consumer Protection Act, the commission will investigate and take appropriate enforcement action.”
However, the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, said marketers were already complying with the reductions, explaining that pump prices had been lowered in line with refiners’ ex-depot price cuts.
“You have to know that these price reductions come in batches. As they reduce their prices, we also reduce ours.
“When Dangote Refinery reduced its ex-depot price by N50 per litre, we reflected the same N50 reduction at our filling stations.
“Any amount reduced from the ex-depot price is the same amount we reduce from our pump price,” he said.he
Maigandi challenged the FCCPC to conduct a survey of IPMAN filling stations to verify the level of compliance among its members.
“Compliance is compulsory because if you don’t comply, nobody will patronise you.
“No one will buy a product at a higher price when the same product is available cheaper elsewhere.
“Our marketers are complying. In fact, we welcome the reductions because lower prices translate into higher sales volumes,” he added.
Some operators in the downstream oil sector, however, faulted the FCCPC’s planned action, describing it as a case of double standards.
Asked to comment on the commission’s position, they argued that it was unfair to threaten marketers with sanctions in a deregulated market where pricing decisions are driven by commercial considerations.
Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, supported the FCCPC’s intervention, provided there was evidence of anti-competitive conduct.
“If there are obvious cases of exploitation or where players with significant market power abuse their position, the FCCPC can intervene because the commission has broad powers to address anti-competitive practices and abuse of market dominance.
“But it must first establish that such conduct exists before taking action. The downstream sector has many players, and there is already a framework that allows competition,” he said.
Yusuf, however, noted that despite its statutory powers, the FCCPC would find it difficult to compel marketers to reduce prices because pricing remains a commercial decision.
“If you bought stock at a particular price, your selling price is determined largely by the replacement cost. Even if you bought the product cheaper, you have to consider how much it will cost to replenish your stock. That is normal business practice, and it would be difficult to compel businesses to act otherwise,” he said.
He added that businesses generally respond faster to rising costs than falling costs because of replacement cost considerations.
“The argument by many marketers is that they still have old stock purchased at higher prices.”
“Until they exhaust that stock, they cannot significantly reduce pump prices. Once they begin buying new stock at lower prices, consumers should see further reductions,” Yusuf explained.
Bello encouraged consumers to continue reporting suspected anti-competitive conduct, misleading pricing practices and other forms of unfair market behaviour through the commission’s established complaint channels.
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