General
Court Orders BEDC, NELM to Pay Ex-PHCN Staff N21.8m
The Nigeria Electricity Liability Management Ltd (NELM) and the Benin Electricity Distribution Company (BEDC) have been directed to pay the sum of N21.8 million to a former employee of the defunct Power Holding Company of Nigeria (PHCN), Mr Olufemi Bamidele.
The Presiding Judge of the Benin Division of the National Industrial Court, Justice Adunola Adewemimo, in his ruling, said the two organisations must pay the amount within 30 days.
Justice Adewemino said awarded N1.794 million to the former staff of the collapsed national electricity firm as cost of his medical bills in special damages, while the N20 million was awarded as general damages against the defendants.
According to the court, NELM took over the management and settlement of the PHCN, while BEDC took over the distribution of electricity in Ondo State that both sprouted out from the defunct PHCN and have a stake in the matter.
The claimant, Mr Bamidele, was employed as a Contract Staff by the defunct PHCN in 2008 and his appointment was formalised. He averred that on September 10, 2013, in the course of duty, he was injured and the incident left him unconscious and was treated for burns and other complications.
He averred further that some of his colleagues and officers in his cadre, who were not retained after the privatisation of PHCN, were paid off and got an average of N2 million as a result, but received nothing from the management of the company.
He pleaded further that he was never officially laid off at any point in time, but the company refused to absorb him back into its employment after the accident.
He claimed that he was subjected to the worst form of neglect and injustice by the defendants, ranging from non-payment of his medical bills to tactical lay off with his requisite entitlements left unpaid and no compensation for his permanent incapacitation and psychological trauma.
In response, the first defendant, NELM pleaded that the claimant went outside his official duties on the day of the incident as he was not authorised to rectify faults and he neither sought approval nor notify the office before embarking on the job that resulted in his injury.
The agency further added that the claimant did not take into consideration his safety as required of staff on field assignments and failed to take adequate measures that all their legitimate employees were paid off during the privatisation exercise that claimant was a contract staff and his employment was never formalised and not entitled to any of the reliefs sought.
On its part, the second defendant, BEDC, asserted that it did not inherit the liabilities of the defunct PHCN, and added that proper parties were not before the court, and no reasonable cause of action was disclosed against it, emphasising that the court lacked jurisdiction to entertain the suit.
In response, the claimant submitted that a panel was set up after the accident to verify if he had his safety equipment on at the time of the incident, and a report was equally issued confirming same.
Delivering judgment after careful evaluation of the submissions of both counsels, the trial judge held that the argument of the first defendant that the claimant’s appointment was never confirmed and formalised as a legitimate staff of the company at the time of the incident cannot exonerate them and will not preclude the defendants’ liability.
“It is clear that by the nature of the relationship between the claimant and the company, a service relationship exists, the general requirement of law is where there exists a service relationship between the employer and the employee, the former is under a duty to take reasonable care of the safety well-being of the latter in all circumstances of the case, so as to forestall any harm to others or expose him (employee) to unnecessary risk.
“The contention of the defendants’ witnesses that the claimant was issued safety gears which he did not use was not substantiated by credible evidence. The claimant has on the balance of probabilities established before this court that the defendants owed him a duty of care that was not exercised after the injury he sustained,” the judge ruled.
However, the Justice Adewemimo held that claimant did not place anything before the court or adduce any credible evidence on his entitlement to the said sum of N2 million as he did not also call any evidence from his colleagues to prove that they were indeed paid the said amount.
By Adedapo Adesanya
Nigeria’s electricity distribution companies (DisCos) generated N196.13 billion in revenue in March 2026, despite billing customers a total of N246.43 billion during the month, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission (NERC).
The figure represents a slight decline from the N196.68 billion collected in February, highlighting persistent challenges in revenue recovery across the power distribution segment, even as energy supplied to the grid continued to improve.
NERC’s March 2026 fact sheet showed that electricity billing rose by 1.71 per cent from N242.29 billion recorded in February, reflecting increased energy deliveries and customer charges. However, collection efficiency declined to 79.59 per cent from 81.17 per cent in the previous month, indicating that a significant portion of billed revenue remained uncollected.
The regulator disclosed that DisCos received 293.76 million kilowatt-hours of electricity during the review period, representing a 6.02 per cent increase compared to February. The development suggests a modest improvement in power availability across the distribution network.
Despite the increase in energy supplied, revenue recovery remains uneven across the industry. NERC reported that the average approved tariff for March stood at N124.30 per kilowatt-hour, while actual collections averaged ₦100.75 per kilowatt-hour, resulting in an overall revenue recovery efficiency of 81.05 per cent.
Among the eleven DisCos, Ikeja Electric emerged as the strongest performer, posting a revenue recovery efficiency of 99.30 per cent. Eko Electricity Distribution Company followed with 95.73 per cent, while Benin DisCo recorded 85.18 per cent.
At the lower end of the performance table, Kaduna Electric recorded the weakest recovery rate at 35.65 per cent. Jos DisCo and Yola DisCo also struggled, achieving recovery efficiencies of 53.53 per cent and 58.58 per cent, respectively.
Ikeja Electric also led in collection efficiency with 96.38 per cent, ahead of Benin DisCo at 90.97 per cent and Eko DisCo at 87.68 per cent. Kaduna, Jos and Yola remained the poorest performers in this category, underlining the persistent commercial and operational challenges facing power distributors in parts of northern Nigeria.
In terms of billing efficiency, Eko DisCo ranked first with 92.30 per cent, followed by Port Harcourt DisCo at 90.36 per cent and Ikeja Electric at 87.76 per cent. Yola DisCo recorded the lowest billing efficiency at 58.68 per cent.
The latest figures underscore the mixed realities within Nigeria’s power sector. While electricity supply and customer billing continue to improve, revenue collection remains a major obstacle to the financial sustainability of the industry.
Analysts note that stronger metering penetration, improved customer confidence, reduction in energy theft and more efficient collection systems will be critical if DisCos are to close the widening gap between electricity supplied, billed revenue and actual collections.
The March performance report comes as regulators and industry stakeholders intensify efforts to strengthen the commercial viability of the electricity market, attract fresh investment and improve service delivery across the country.
By Adedapo Adesanya
Interswitch has entered into a partnership with Geneva-headquartered banking software provider Temenos to offer managed banking services to financial institutions across the continent, deepening its push into banking technology.
The partnership will see Interswitch adopt Temenos’ banking technology across core banking, digital banking, payments, wealth management, and financial crime management.
This will enable the firm to provide cloud-hosted and on-premises managed services to lenders on the continent. The service will initially target Nigeria, Ghana, Côte d’Ivoire, Kenya, and other African markets.
“This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa,” Mr Jonah Adams, managing director for Digital Infrastructure and Managed Services at Interswitch, said in a statement.
By combining Temenos’ software with its existing footprint across the continent, Interswitch is positioning itself as a technology partner that can help banks upgrade critical systems without having to manage the complexity of large-scale technology deployments.
“By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets,” Mr Adams added.
For Temenos, the deal strengthens its presence in Africa through a partner with deep relationships across the banking sector. It lost one of its banking customers, Sterling Bank, in 2024 after the tier-2 Nigerian bank switched to SEABaaS, a new custom-built core banking application.
“Interswitch is an important new customer and partner for Temenos in Africa,” said Mr William Moroney, Chief Revenue Officer at Temenos. “Interswitch’s strong presence across the continent also extends our reach and further strengthens our ecosystem and partner network.”
Founded in 2002, Interswitch built its reputation as one of Africa’s largest payments companies through products such as Quickteller and Verve, its domestic card scheme.
By Adedapo Adesanya
Tropical General Investments (TGI) Group and Singapore-based Wilmar International have agreed to combine their Nigeria and Republic of Benin operations into a 50:50 joint venture aimed at building a dominant integrated food and agribusiness platform across West Africa, targeting a market estimated at $12 billion.
The proposed merger will consolidate operations across several value chains, including agriculture, oil palm plantations, edible oils, edible nuts, rice, food manufacturing, and distribution, creating one of the region’s largest end-to-end food production and supply chains.
Under the arrangement, both firms will integrate their complementary strengths, with Wilmar contributing global expertise in palm oil, speciality fats, and large-scale agribusiness operations, while TGI brings established local manufacturing capacity, consumer brands, and an extensive distribution network across Nigeria and neighbouring markets.
Chairman and Chief Executive Officer of Wilmar International, Mr Kuok Hong, said the partnership would enhance both firms’ ability to serve Africa’s expanding consumer base, describing Nigeria and Benin as strategic growth markets.
“For more than four decades, TGI Group has built a leading position in Nigerian food manufacturing and distribution. This partnership will leverage Wilmar’s global scale and expertise as well as TGI’s local knowledge to deliver innovative food solutions across Africa,” added TGI Group founder and chairman, Mr Cornelis Vink.
On his part, Vice Chairman of TGI Group, Mr Farouk Gumel, said the deal reflects confidence in Nigeria’s long-term economic prospects, adding that it would deepen domestic value addition, strengthen food security, support smallholder farmers, and create jobs.
Adding his input, Wilmar’s Africa Head, Mr Santosh Pillai, described the transaction as a strategic fit, noting that the combined entity would have the scale, local insight, and operational depth needed to better serve consumers in the region.
The companies said the transaction is expected to be completed in the 2026 financial year, subject to regulatory approvals and other customary conditions.
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