News
Reps Set To Probe CBN, DisCos Over Mass Metering Funds
The House of Representatives on Thursday resolved to investigate the funds disbursed to licensed electricity Distribution Companies for metering by the Central Bank of Nigeria as loans under the National Mass Metering Programme.
This resolution to investigate the disbursement of the funds followed the adoption of a motion moved by Uchenna Okonkwo (LP, Anambra) at plenary on Thursday, TheGlittersreports.
The lawmaker noted that the programme aimed to reach over six million households and businesses with meters before the end of 2021 as part of the power sector reform agenda to promote transparency, accountability, and efficiency in the power sector, adding however that “There have been reports of discrepancies, mismanagement, and non-compliance with the terms and conditions of the loans disbursed under the NMMP by some DisCos, leading to inefficiencies, underperformance, and failure to achieve the objectives of the NMMP.”
The House, he said is “Worried at the lack of proper oversight, monitoring and evaluation of funds disbursed under the National Mass Metering Program by the Central Bank of Nigeria, which has created opportunities for corruption, diversion, and misappropriation of public resources.”
Following the adoption of the motion, the House urged CBN “To provide a detailed report on the implementation of the National Mass Metering Programme, including the number of loans disbursed, the amount disbursed, and the status of the loans,” to the House of Representatives.
News
Convention: They went to Ibadan to start dirty December in November-Wike’s aide mocks delegates
Apparently peeved by developments from Ibadan PDP convention, Lere Olayinka, aide to FCT has described the exercise as a jamboree for drunkards.
Olayinka in a terse statement said: ‘When people decide to start their own dirty December in November, one can’t but ignore whatever comes out of their mouths.
“They gathered in Ibadan to do social party, enjoyed themselves and got intoxicated, they are free to say anything.
Chairman of the Peoples Democratic Party PDP convention ongoing in Ibadan has dissociated himself from the expulsion of FCT minister Nyesom Wike from the party.
Fintri disclosed this via his X handle stating that:
“I, Rt. Hon. Ahmadu Umaru Fintiri, Governor of Adamawa State, wish to categorically state that I dissociate myself from the position of expelling the Honourable Minister of the Federal Capital Territory, @GovWike , from @OfficialPDPNig (PDP). I believe that this decision is not in the best interest of the party, and I will not be party to any attempt that could further plunge the PDP into unending crisis.
“As a faithful party member, my position is clear: I stand for the peace and stability of the PDP, and I will not support anything that could lead to its disintegration.
“I believe that peace and reconciliation are the only ways forward for our great party.
“I urge all stakeholders to work towards healing the divisions within the party and to strive for unity and cohesion.
” As a party man, I am committed to supporting efforts that promote peace, stability, and progress within the PDP.
“Let me reiterate that my position is guided by the desire for peace and reconciliation, and I will continue to work towards achieving this goal.
The absence of the Independent National Electoral Commission, INEC has put a clog into the ongoing Peoples Democratic Party PDP in Ibadan as chairman of the confab, Governor of Adamawa state ,Ahmadu Fintri extricate self.
The National Convention Chairman, Ahmadu Fintiri had declared that “with the absence of INEC, it is not within my prerogative to continue with this exercise, I leave the delegates to decide”
This major irregularity could nullify the whole exercise.
Details shortly…
Convention: They went to Ibadan to start dirty December in November-Wike’s aide mocks delegates
Breaking: Chairman PDP convention, Fintri dissociates self from expulsion of Wike
BREAKING: Absence of INEC throws PDP convention into disarray
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