Connect with us


BIG STORY

FG May Place The “Free Four Million Meters” Distribution On Hold

Published

on

The Federal Government-funded Phase 1 of the National Mass Metering Programme, NMMP, slated to commence in August appears to have been mired in uncertainty, as it had been put on hold following allegations of fraud by the Central Bank of Nigeria against some of the Meter Asset Providers, MAPs.

A source, who pleaded anonymity due to the sensitivity of the matter, said that there was no indication that the Phase 1 meter distribution would commence this month, as power distribution companies were yet to be furnished with meters.

The NMMP is an initiative of the Nigerian Electricity Regulatory Commission, NERC, in conjunction with the Presidential Power Task Force. The initiative was launched in August 2020 to allow the CBN to fund the acquisition of meters on behalf of DisCos by paying directly to the MAPs. The free metering programme commenced with the Phase 0 where one million meters were supposed to have been distributed.

However, the CBN, on July 20, asked the Federal High Court in Lokoja, Kogi State, to freeze accounts belonging to 157 MAPs for allegedly diverting funds meant for the procurement of prepaid meters.

The apex bank, in a suit, requested commercial banks to restrict the account of 10 companies that received power sector intervention funds under the NMMP for 180 days pending the outcome of its investigation.

Report has it that the free mass programme had also been put on hold until further notice, following the ongoing court case.

One of our sources said that the DisCos had accused some MAPs of not supplying them with enough meters during the last visits by the CBN to the DisCos’ offices.

“The CBN visited the DisCos to audit their books and see what they used the intervention funds given to them for. It was during the visits that it was discovered that some of the MAPs had failed to deliver enough meters for distribution. Before the NMMP commenced; what we were told by the MAPs was that they had enough local capacity to meet demands. But after the CBN signed the contract with them and disbursed money to them, they failed to meet their target. They saw free money,” one of our sources had hinted.

The CBN, in the suit said, “The Central Bank of Nigeria reviewed the activities of 12, including the defendants herein Meter Asset Providers (MAPs) alleged to have diverted the Central Bank of Nigeria’s power sector intervention funds under the National Mass Metering Programme (NMMP).

“The review was aimed at ascertaining the flow of the funds made available to the MAPs, covering the period between January 1, 2020, to March 15, 2022. The preliminary review revealed that the defendants diverted a substantial portion of the funds for other uses through related entities and individuals/companies connected to the electricity distribution companies (DisCos) and the defunct Power Holding Company of Nigeria (PHCN),” the suit partly said.

Nigeria’s central bank has invested heavily into the power sector through its intervention support programmes. According to the bank, it had disbursed over N254.4 billion through its Nigeria Electricity Market Stabilization Facility – Phase 2, NEMSF-2.

At the last Monetary Policy Committee meeting of the Central Bank, Governor Godwin Emefiele revealed it disbursed about N47.8 billion for about 865,956 meters across the country.

“Under the National Mass Metering Programme (NMMP), the Bank disbursed N47.82 billion for the procurement and installation of 865,956 meters across the country.”

Spokesperson for CBN, Osita Nwanisobi, declined commenting on the matter when contacted.

The NERC, on its part, said it created the initiative in response to President Buhari’s order that Nigerians must be metered. “The President has directed that there should be a nationwide mass-metering program in an effort by the Federal Government to put a stop to estimated and arbitrary billing for electricity.”

The Commission had recently spoken of the success of Phase 0, and revealed it had shortlisted 45 companies for the next phase. It added that; “We are hoping that before the end of August, we will begin to see meters from our local manufacturers going to the electricity Distribution Companies and then to end-user customers.”

Both calls and messages put through to the General Manager/Head of Public Affairs Department, NERC, Usman Abba Arabi, were not responded to as at the time of filing this report.

One of the accused MAPs, Mojec Meter Asset Management Company Ltd, said that it fully discharged its obligations of manufacturing, supplies, and installation of meters for all eight DisCos it was assigned to. The company also pointed out that it was issued certificates of completion by all the eight DisCo clients as proof of execution of its contractual obligations on the initiative, according to Corporate Communications Manager, MOJEC International Group, Olufunso Adeolu.

“Mojec is ready to release all meter serial numbers produced in its factories, together with records of waybills of all in-Country volumes of meters it delivered to the various DisCos under the initiative,” Adeolu added.

Other accused MAPs were yet to make any comments on the matter as at the time when this report was filled.

Metering Expert, Okunade Sesan, said that it was better for the NMMP to be scrapped so that citizens would be allowed to buy their own meters.

“The CBN refusing to disburse funds for the next phase of the metering is going to cause a setback. It would even be better for electricity consumers to take their fate into their hands and buy their meters. Then, NERC can arrange for monthly refunds through electricity units,” he said.

BIG STORY

UK To Reduce Voting Age To 16 In General Elections

Published

on

The British government announced on Thursday its intention to grant voting rights in general elections to 16- and 17-year-olds, marking a significant shift that would place the UK among countries with the lowest voting age globally.

This move stems from a commitment made by the ruling Labour Party before gaining power last year, and is part of a broader set of proposed reforms to the democratic process, which some have described as “in crisis” due to issues like low voter turnout.

The proposal is expected to spark debate, as opponents argue it could be politically motivated, with younger voters perceived as more inclined to favour the centre-left Labour party.

“I think it’s really important that 16- and 17-year-olds have the vote, because they are old enough to go out to work, they are old enough to pay taxes, so (they) pay in,” Prime Minister Keir Starmer said.

“And I think if you pay in, you should have the opportunity to say what you want your money spent on, which way the government should go,” Starmer added.

To implement the change, the government will need to present legislation in parliament, where it holds a solid majority.

Globally, only a few countries allow citizens as young as 16 to vote in national elections, according to online sources.

These include Austria — the first EU member to reduce its voting age to 16 in 2007 — along with Argentina, Brazil, Ecuador, and Cuba.

Labour ministers argue the reform is designed to “modernise our democracy” and increase participation, while also matching the voting age already used in elections for devolved parliaments in Scotland and Wales.

Other planned reforms include the adoption of automated voter registration — a system already in place in Australia and Canada — and allowing UK-issued bank cards to be accepted as valid ID at polling stations.

These proposals come after the former Conservative government implemented laws requiring voters to present photo identification, which the Electoral Commission reported resulted in around 750,000 people being unable to vote in last year’s election.

Harry Quilter-Pinner, executive director of the Institute For Public Policy Research, described the proposals as “the biggest reform to our electoral system since 1969”, when the voting age was reduced to 18.

He estimated that lowering the voting age and introducing automated registration could add as many as 9.5 million new voters.

“Our democracy is in crisis, and we risk reaching a tipping point where politics loses its legitimacy,” he said, expressing his support for the proposed changes.

 

Credit: AFP

Continue Reading

BIG STORY

It’s Better For Anyone Holding PDP Down To Quit — Gov. Makinde On Atiku’s Exit

Published

on

Seyi Makinde, governor of Oyo state, has said that the departure of former Vice-President Atiku Abubakar from the Peoples Democratic Party (PDP) will not impact the party’s position.

Abubakar left the PDP on July 14, stating that the party has deviated from its founding principles.

The party, which serves as the main opposition, has been experiencing internal conflict since the 2023 presidential election.

Speaking on Wednesday during the 10th coronation anniversary colloquium of Aladetoyinbo Ogunlade, the Deji of Akure, Makinde said Atiku’s departure will not weaken the PDP’s foundation or momentum.

The governor noted that the PDP would be in a stronger position if those hindering its progress step aside.

“Politics is a game of interest. I don’t think his exit will make any dent on PDP as a party,” Makinde said.

“PDP is an institution. We have freedom of entrance and exit. Anyone who holds PDP down, it is better for such an individual to quit.”

Speculation continues to grow that Makinde may enter the 2027 presidential race.

Abubakar, who is also seeking the presidency, has aligned himself with the opposition coalition to advance his ambition.

Addressing the move by some opposition politicians to adopt the African Democratic Congress (ADC) ahead of the 2027 elections, Makinde said the coalition does not pose a threat to the PDP.

“I don’t see ADC as a threat to PDP. The goal is about the same. If you are not happy about the tempo and pace of governance, you are free to associate and see what can be done,” he said.

“But one thing we must all realise is that players will come and go, governors will come and go, presidents will come and go, but our state and country will remain.”

Makinde emphasized that traditional institutions are essential to good governance, conflict resolution, and community development.

“Too often, traditional institutions are misunderstood. Some imagine frail old men who have outlived their relevance,” he said.

“Others view them as mere instruments of political endorsement. That mindset must change.

“Traditional institutions are not relics of the past. They are enduring pillars of identity, legitimacy, and communal cohesion.

“Long before Nigeria’s formal administrative systems took root, traditional rulers dispensed justice, upheld values, coordinated local security, and kept communities united.

“Reforming legal frameworks to provide clarity on the roles, rights, and recognition of traditional councils and strengthening our security architecture to formalise community policing strategies rooted in traditional structures.”

Makinde said traditional institutions continue to be the custodians of the grassroots and warned that excluding them from nation-building would be a mistake.

“No wonder politicians continue to seek their blessings and validation,” he added.

Continue Reading

BIG STORY

RCCG Pastor Absconds With $8000 Church Money, Abandons Wife, Marries New One

Published

on

A pastor with the Redeemed Christian Church of God has reportedly fled with “$8,000” in church funds, left his wife behind, and married another woman.

Pastor Folu Adeboye, wife of the General Overseer, Worldwide, of the RCCG, disclosed this while speaking at a men’s programme.

She explained in a video monitored by Church Times that the pastor was given the money for mission work in South Africa but instead abandoned his wife and relocated to the United States, where he married someone else.

Adeboye said the incident happened during a visit to Cape Town, South Africa, where she preached at the RCCG parish led by the pastor. The church service was held in a rented space at an eatery.

While she was ministering, a woman entered and began packing chairs, apparently indicating their allotted time was over. Surprised by this, Adeboye asked the pastor what it would cost to get a permanent site.

The pastor, who she said hails from Ekiti State, suggested that “$8,000” would allow them to begin the process by purchasing a used vehicle. He proposed giving the vehicle to a tourism agency to generate returns for acquiring a permanent church building.

Encouraged by the idea, Adeboye gave him the money.

However, the pastor had other plans. After receiving the funds, he travelled to the United States and left his wife behind in South Africa.

She noted that the abandoned woman is now in a distressed state, nearly “running mad.”

Church Times quoted Pastor Adeboye as saying: “RCCG men, what are we going to do? Are we going to continue with such a lying spirit, a deceitful spirit to the God of the kingdom?”

She stressed the need to return to core values of faith and truthfulness. Recalling past hardships, she said: “We must get to the point where we say wherever He leads, we follow. We were in this bush. For three years, there was no light. We went back to the days of the lantern and we were grinding with stone, whereas where we were coming from we had grinding machines, we had washing machines.”

Continue Reading



 

Join Us On Facebook

Most Popular