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IBEDC Accuses Oyo Govt. of Victimisation Over N450m Energy Debt

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John Ayodele IBEDC COO

By Aduragbemi Omiyale

The Oyo State government has been accused of being indebted to the Ibadan Electricity Distribution Company (IBEDC) Plc to the tune of N450 million.

In a statement signed by the Chief Operating Officer of IBEDC, Mr John Ayodele, said the debt was accrued by the state government over a period of three years.

On Wednesday, February 9, 2022, officials of the state government sealed some offices of the energy distribution company in the state over alleged failure to make some payments to the government.

In the statement, Mr Ayodele claimed the action of the Mr Seyi Makinde-led administration was suspicious and looks like victimisation as it is “retaliatory and illegal,” because it was done “without due notification.”

The COO of IBEDC said the company had in the past made efforts to get the N450 million debt from the state government without any meaningful outcome, which forced the cut of power supply to the government.

“No business in this country can run successfully with such a huge outstanding, the power we distribute to customers must be accounted for and paid for.

“We have no choice but to disconnect the Oyo State Secretariat, so it is worrisome to see that the government has sealed off our offices with these underhand and arm twisting tactics, instead of paying the debt owed.

“This was not done in good faith and it would have a damaging effect on the business and service delivery to our customers, Mr Ayodele explained.

He appealed to Mr Makinde to look into the matter in the interest of all concerned as this would further exacerbate the power challenges and pressure on residents and commercial activities within the state.

IBEDC engages in essential services to the public and the effect of this arm twisting tactics can at best be imagined if not quickly arrested.

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CNPP Begs Wike for Certificates of Occupancy Payment Deadline Extension

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FCT Minister Wike

By Modupe Gbadeyanka

The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has been urged to extend the deadline for the payment of Certificates of Occupancy (C of O) by property owners in Abuja.

This plea for an extension was asked by the Conference of Nigeria Political Parties (CNPP) through a statement signed by its Deputy National Publicity Secretary, Mr James Ezema.

The group said the initial two-week grace period given to the affected allottees, which expired on Friday, January 3, 2025, was insufficient, considering the current economic challenges facing the country.

Recall that after public outcries, Mr Wike, who is the immediate past governor of Rivers State, granted an extension to the owners of the 762 revoked plots of land in Maitama, Abuja.

“We are appealing to the Minister and the Federal Capital Territory Administration (FCTA) to tamper justice with mercy and issue an extension in the spirit of the yuletide and in view of the economic challenges in the country,” the association stated.

It stressed that the extension would give the affected individuals and groups ample time to comply with the directive, thereby avoiding any undue hardship or loss.

“We pray that the Minister and the FCTA will grant the allottees an extension to comply with the directive, giving all the affected individuals and groups enough time to have themselves to blame at the end of the final extension,” the statement added.

The CNPP’s appeal comes on the heels of its recent expression of concern over the escalating hunger and suffering faced by millions of Nigerians due to the economic realities in the country.

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All Farmers Association of Nigeria Dissociates Self From Ado Kano

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North-East Farmers

By Adedapo Adesanya

The All Farmers Association of Nigeria (AFAN) has dissociated itself from an unofficial viral statement by one of it members, regarding posters indicating activities of the organisation.

The group dissociated itself from the member in a statement signed by its National President and the National Secretary, Mr Kabiru Ibrahim, and Mr Yunusa Halidu, respectively.

“This post is made by an authorized member, Ado A Ado Kano.

“The opinions and views expressed here are those of the author and do not reflect the official policy or position of the group, its administrators, or other members.

“For official statements, please refer to AFAN official contact or platform,” parts of the statement made available to Business Post stated.

According to AFAN, the unofficial posters flying around doesn’t represent the association, noting that Mr Kano is not authorized by AFAN or its officials but those of the author.

AFAN is the umbrella organisation for all farmers’ commodity associations in Nigeria.

Its vision and mission are to assemble all Nigerian producers into one organization, providing a single interlocutor for the government to address agricultural issues with the farming community.

AFAN was formed by the merger of the All-Farmers Association of Nigeria (ALFA) and the National Farmers’ Association of Nigeria (NAFAN).  The merger was recommended by former Nigerian president, Mr Olusegun Obasanjo.

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BUA Debunks Claims of 90% Completion of Refinery in Akwa Ibom

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BUA Pasta Processing Plant

By Adedapo Adesanya

BUA Group has denied widespread reports that its ongoing construction of a 200,000 barrels per day capacity refinery located in Akwa Ibom State is 90 per cent completed.

In a statement signed on Sunday, the group with subsidiaries in food, cement, and energy sectors said that the claims that the structure was at end stage did not come from it.

“Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90% completion, BUA wishes to advise the public to disregard such misleading reports that did not emanate from us,” a part of the statement read.

It clarified that the project was progressing well and added that it was going to meet the project timeline of 2025.

“As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily.

“Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners.

“This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security,” the group said.

BUA is also carrying out other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country, which it said are also progressing rapidly.

The group says this will add additional capacity to our over 1,000MW installed captive power generation capacity.

“The public is advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons,” the statement said.

“At BUA, we remain committed to transparency and excellence. As we have consistently done with over 12 of our completed mega industrial projects worth over $ 3.5 billion in the past 10 years, we will continue to keep you updated with verifiable and accurate information only where necessary, and as milestones are achieved.

“We appreciate the public’s interest and enthusiasm for this transformative project as we work together in building a stronger industrial and manufacturing base for a self-reliant Nigeria,” it added.

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