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Shehu Sani Reacts To Emefiele’s Arrest, Says He Ran CBN Like Cabal’s ATM, Canteen

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Senator Shehu Sani, a former federal lawmaker, has urged the Federal Government to conduct an independent probe of the Central Bank of Nigeria (CBN) and its suspended governor, Godwin Emefiele.

Sani, a member of the 8th Senate, in a statement on Twitter on Saturday, while reacting to Emefiele’s suspension by President Bola Tinubu, said the embattled ex-CBN governor ran the apex bank as an “Automated Teller Machine of the Cabal, a canteen and cash cow.”

President, Asiwaju Bola Ahmed Tinubu, had on Friday, in a statement by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey, directed the embattled governor of the apex bank to vacate and hand over to the Deputy Governor (Operations Directorate), Folashodun Adebisi Shonubi, with immediate effect, pending the conclusion of an investigation and the reforms of the financial sector of the country.

In his reaction, the lawmaker commended Tinubu for Emefiele’s suspension and Shonubi’s appointment.

He urged the President to ensure external auditors are contracted to probe the apex bank and Emefiele for transparency and accountability purposes.

The statement read, “The eviction of Emefiele is commendable. The appointment of Shonubi as acting governor is commendable. But the house cleaning of the CBN can only be done by engaging a team of auditors from outside of the CBN.

“Only they can professionally and thoroughly probe the apex bank and tell the country how the bank was run under Buhari’s Emefiele.

“The CBN was operated as an ATM of the Cabal, a canteen, and cash cow of the parasitic elites of the past administration”.

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JUST IN: Reps Order NERC To Suspend Implementation Of New Electricity Tariff

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The Nigeria Electricity Regulatory Commission (NERC) has been requested by the house of representatives to halt the introduction of the new price.

Following the passage of a motion of urgent public significance on Tuesday, the lower legislative chamber passed the resolution in plenary session.

Nkemkanma Kama, a Labour Party (LP) politician from Enonyi state, sponsored the resolution.

On April 3, NERC approved an increase in electricity tariff for customers under the Band A classification.

The commission said customers under the category, who receive 20 hours of electricity supply daily, would begin to pay N225 per kilowatt (kW), starting from April 3, up from N66.

 

More to come…

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Nigeria Will Be In Darkness If FG Doesn’t Hike Electricity Tariff — Minister Power Adelabu

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Minister of power, Adebayo Adelabu, says the country will be thrown into darkness if the federal government does not hike electricity tariff.

Recall that the Nigeria Electricity Regulatory Commission (NERC), on April 3, approved an increase in electricity tariff for customers under the Band A classification.

The commission said customers under the classification, who receive 20 hours of electricity supply daily, will now pay N225 per kilowatt (kW), starting from April 3, up from N66.

Appearing before the senate committee on power on Monday, Adelabu said although citizens are bearing the brunt of the increase, it would “catapult us to the next level”.

“The entire sector will be grounded if we don’t increase the tariff,” the minister said.

“With what we have now in the next three months, the entire country will be in darkness if we don’t increase tariff.

“The increment will catapult us to the next level. We are also Nigerians, we are also feeling the impact.”

Adelabu said if distribution companies (DisCos) do not provide 20 hours of power for seven consecutive days, the customer should be billed on the old tariff.

“We made it a conditional tariff, we made it a service reflective tariff, that the only condition that can make a discriminate company charge the new tariff of N225 per kilowatt hour is they must ensure they supply a minimum of 20 hours to that consumer everyday,” he said.

“If they cannot sustain this within a period of seven days, such consumers must be granted the old tax.

“Any consumer that can get supply for 20 hours, they can pay N225 per kilo as against the N66 in the old regime. And we also put in some monetary and tracking framework to ensure that these posts are compelled to comply with this tariff order.

“And this was displayed in the first day or the first week of this new regime, when it was discovered that a particular DisCo was not supplying for up to 20 hours and was charging the customers. A penalty of N200 million was slammed on this DisCo.”

The minister added that the fine has served as a deterrent to DisCos.

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Senate, Reps Set To Resume Plenary In New Chambers After To Years Of Renovation [PHOTOS]

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Members of the senate and house of representatives are set to resume plenary in renovated chambers.

The legislators will resume plenary on Tuesday (today) after a break spanning more than five weeks.

The parliamentarians had begun their Easter and Eid el-Fitr vacations on March 20.

They were supposed to meet again on April 16, but the meeting was rescheduled.

On Monday, the house of representatives’ leadership, led by Speaker Tajudeen Abbas and his predecessor Femi Gbajabiamila, examined the green chamber.

The renovation of the chamber began in April 2022.

Since then, the legislators have been using a temporary chamber in one of the committee rooms.

In 2019, the national assembly budgeted over N30 billion for the renovation of the complex, but the amount had sparked criticisms.

The sum was later reviewed to N9 billion.

See photos of the renovated green chamber below;

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