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We Can’t Continue To Subsidise Electricity For Nigerians Because We Already Have N1.3trillion Debts — Minister Of Power

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This was made known by the Minister of Power, Adebayo Adelabu, during a press conference in Abuja on Wednesday.

Adelabu said the country must begin to move towards a cost-effective tariff model, as the country is currently owing the tune of N1.3trillion to generating businesses (GenCos) and $1.3billion due by gas firms.

He further stated that just N450billion was funded for subsidies this year, despite the fact that the ministry requires more than N2trillion in subsidies, adding that state governments would now be able to generate power independently to supply power to their respective states.

He stated that the grid had collapsed six times between December 2023 and now due to a lack of gas, ageing machines in the grid value chain, insufficient capacity to evacuate generated power, and the destruction of power stations in some parts of the country’s North-East geopolitical zone.

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It was learnt that the Transmission Commission of Nigeria has over 100 abandoned projects due to discrepancies in contract figures caused by FX volatility, and that the business will not grant new contracts until all such projects are completed, according to the power minister.

The minister equally mentioned that over 50 billion Naira has been set aside in the 2024 budget to establish small grids to provide power to remote locations.

He warned power distribution businesses (DisCos) should sit up, or those found wanting will have their licence revoked.

The minister also stated that he had contacted Nuhu Ribadu, the National Security Adviser (NSA) to assist with the protection of power infrastructure.

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The power minister’s remark came amid speculation that the President Bola Tinubu-led government had returned the fuel subsidy he removed during his inauguration on the 29th of May, 2023.

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Court dismisses SERAP’s suit against NASS budget

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By Francesca Hangeior

Justice James Omotosho of the Federal High Court sitting in Abuja has dismissed a suit by the Incorporated Trustees of the Socio-Economic Rights and Accountability Project, SERAP, challenging the powers of the National Assembly to amend its budget in the 2024 Appropriation Act.

Justice Omotosho ruled, among others, that SERAP lacked the locus standi to institute the suit.

The judge upheld the argument of Dr. Sheriff Adesanya, who represented the 1st Respondent (the Senate President), that the interest of SERAP and that of the 20 concerned citizens it represented, was no greater than that of the general public.

Furthermore, Justice Omotosho agreed with Dr. Adesanya (of Abiodun Adesanya & Co) that the plaintiff’s claims were without merit.

He dismissed the case in its entirety.

SERAP, through Andrew Nwankwo of Eko Akete Chambers, had contended that the National Assembly’s unilateral increase of its budget allocation from ?197 billion to ?344 billion contravened Section 81 of the Constitution, the Code of Conduct for Public Officers, and democratic principles, particularly the separation of powers.

The organization sought a declaration that the budgetary increase was unconstitutional and requested orders compelling the National Assembly to adhere to constitutional procedures by re-presenting any amended appropriation bills to the President for approval before enactment.
Apart from arguing that the Plaintiffs had no standing to initiate the suit, Dr. Adesanya also defended the procedural validity of the National Assembly’s budgetary actions, Saying SERAP failed to show that the lawmakers’ action was procedurally irregular.

The lawyer had told the court that “It is respectfully submitted that the presumption of regularity enjoyed by the National Assembly’s Act must be rebutted by the Plaintiffs.

“Apart from speculative claims by the Plaintiffs that the altered appropriation bill was not forwarded to the President after amendment by the National Assembly, there is no evidence (assuming such alteration necessitated representation to the President) to support this assertion.”

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Nigeria prosecutes 100 terror financiers in 2 years —Tinubu

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By Francesca Hangeior

President Bola Tinubu, yesterday, announced that Nigeria has successfully prosecuted over 100 terrorist financiers in the past two years as part of its ongoing fight against financial crimes and terrorism financing.

This effort aims to disrupt the financial networks supporting terrorist groups such as Boko Haram and Islamic State West Africa Province, ISWAP, ultimately safeguarding communities and fostering a secure environment for development.

The announcement was made by Secretary to the Government of the Federation, SGF, Mr. George Akume, who represented Tinubu at the National Anti-Money Laundering, Combating Terrorism Financing and Counter Proliferation Financing Compliance Summit held in Abuja.

He said: “By taking away the funds, resources and material support behind Boko Haram and ISWAP, we are denying them the ability to inflict terror on our communities and citizens.

“We have made progress to tackle the threats of terrorism and other violent crimes through the gallant action of our frontline troops and our security agencies.

“Through the efforts of the office of the national security adviser and the attorney-general of the federation, we have prosecuted and convicted over 100 terrorist financiers in the last two years.
“It is an approach that we are utilising as a fundamental component of our national strategies to combat serious criminal offences.”

Hafsat Bakari, Chief Executive Officer of Nigerian Financial Intelligence Unit, NFIU, who also spoke at the summit, highlighted the importance of collaboration among various stakeholders, including political leaders, financial institutions, law enforcement agencies, and international partners.

“The fight against financial crimes is not one that any single entity can win alone. It requires the collective strength and commitment of our political leaders, regulators, financial institutions, law enforcement and security agencies, and international partners,” Bakari stressed.

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Man found dead in Kano well

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By Francesca Hangeior

Kano State Fire Service has recovered the lifeless body of an unidentified 45-year-old man from a well in Babawa village, Gezawa Local Government Area of Kano State.

In a statement released on Wednesday, the Kano State Fire Service spokesman, Saminu Abdullahi, said the control room received a distress call reporting the incident.

The statement read, “Today being Tuesday 21st January 2025, at about 12:59 hrs, the State Fire Service control room received an emergency call from a police officer, ASP KABIRU LAWAN of Gezawa police division.”

“He informed the control room about the incident at BABAWA VILLAGE in Gezawa Local Government area.

“Emergency rescue team from the state headquarters were mobilised to the scene of the incident, arrived at 13:25 hrs and found a man of about 45 years old, whose identity is unknown to anyone within the vicinity.”

According to the fire service, the man appeared unconscious when first found in the well.

Efforts to rescue him proved futile, and he was later confirmed dead, suspected to have succumbed to prolonged exhaustion.

“Thereafter, the victim was handed over to ASP Kabiru Lawan of Gezawa Police division for further action,” he said.

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