General
NDLEA Arrests Freight Agents With Cannabis Concealed in Cereal Packs
By Adedapo Adesanya
Two freight agents have been arrested by officials of the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos, over attempts to smuggle 26.20kg cannabis concealed in cereal packs through the SAHCO shed for export to Dubai, UAE.
The consignment was abandoned at the shed before the airport security transferred it to NDLEA. Further investigation by the agency led to the arrest of Mr Olatunbosun Damilola Abimbola, 34, who works at Ashadox Logistics Services, a cargo company, on Friday, September 23.
He reportedly confessed to the crime but stated that he acted on the instructions of his Managing Director, Mr Oloyede Shakiru Abiola, who was promptly arrested.
The 40-year-old indigene of Ibadan West Local Government Area of Oyo State stated that due to the strict security measures put in place by the NDLEA, he was forced to abandon the cargo to avoid being detected.
In a statement on Sunday, NDLEA spokesman, Mr Femi Babafemi, also disclosed that a 75-year-old grandfather, Mr Usman Bokina Bajama (alias Clemen), was apprehended by the agency as part of 22 suspects arrested in operations across seven states, during which over one million capsules of banned new psychoactive substances were seized.
According to him, over one million bottles/capsules of banned psychoactive substances, Akuskura and tramadol, as well as 2,536 kilograms of cannabis, were taken hold of, adding that over 10 hectares of farms where these substances were being cultivated have been destroyed in Edo and Adamawa.
The septuagenarian was arrested in the early hours of Tuesday, September 20, at Anguwan Sate, Mararraban Tola, Mayo Belwa council area of Adamawa, where he had a cannabis plantation from where 49kg of the illicit substance was recovered.
Meanwhile, in Kwara, at least 19,878 bottles of Akuskura were intercepted by NDLEA operatives along the Ilorin-Jebba highway on Wednesday, September 21 and two suspects: Mr Oladokun Oluwaseun, 49, and Mr Ibrahim Jimoh, 27, arrested.
They claimed the consignment packed in 35 jumbo sacks was loaded in Ibadan, Oyo state, and meant for distribution in Jos, Plateau state. Earlier, two suspects: Mr Ukoro Ifeanyi, 46, and Mr Idowu Toyosi, 20, were arrested with 2,290 capsules of tramadol and 100 bottles of codeine-based syrup at Mararaba park, Ilorin.
According to the NDLEA spokesman, the drugs were brought in from Onitsha, Anambra state.
NDLEA operatives in Lagos, while acting on credible intelligence, intercepted a Volvo truck loaded with 2,146 kilograms of cannabis in the Sangotedo area of Ajah.
Three suspects, Mr Abdulazeez Rasheed; Mr Afeez Raheem and Mr Moshood Suleiman, were arrested.
At least 979,119 capsules of expired pregabalin weighing 733kg were recovered from Musbahu Ya’u, 28, and five others in the Dansarai area of Kano, while in Enugu, 197.8kg of cannabis was recovered in a store at new market, Enugu on Tuesday, September 20.
Similarly, 117.7kg of the psychoactive substance was intercepted along the Okene-Abuja expressway in a truck coming from Lagos to Abuja.
In Edo State, six cannabis farmers were arrested when NDLEA operatives stormed their farms at Chigbite, Utese forest in Ovia North East LGA and Ekudo forest, Uhunmonde LGA, where over 10 hectares of cannabis plantation were destroyed and more than 193kg of the processed illicit substance seized.
Those arrested include Mr David Hanson; Mr Ufuoma Progress; Mr Marvelous Armstrong; Mr Marvelous Efe; Mr Joshua Abubakar and Mr Elijah Abubakar.
By Dipo Olowookere
A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.
WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.
By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.
As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.
The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.
This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.
The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.
Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.
“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.
“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.
“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.
“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.
“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing a directive that gas supply to power generating companies (GenCos) be halted.
In a statement on Wednesday, the authority also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.
The NMDPRA described reports stating that it has directed the stoppage of gas supply to GenCos over N2 trillion debt as “false and completely unfounded”.
“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry,” the NMDPRA said.
“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.
“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.
“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025.”
Recall that Nigeria’s national grid experienced another collapse on Wednesday, the 11th time in 2024 as Gencos couldn’t generate enough power, compounding issues facing the Nigerian power sector.
This was the first time in over a month as the last time the nation witnessed a nationwide shutdown in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
By Aduragbemi Omiyale
Nigeria is currently experience a cut in power supply after the national grid collapsed for the 11th time in 2024.
This is the first time in over a month as the last time the nation witnessed a nationwide shut down in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
However, just when Nigerians were thinking they will not witnessed another national grid collapse in the year, it issue reared its ugly head again.
On Wednesday afternoon, most of the energy distribution companies suffered power outage, prompting them to inform their customers of the situation.
One of the DisCos, Ikeja Electric Plc, in a message to electricity consumers under its franchise area, said, “Please be informed that we experienced a system outage today, December 11, 2024, at about 13:32 hours affecting supply within our network.
“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us.”
Recall that on Tuesday, in a report, Google listed national grid as one of the top trending searches by Nigerians this year.
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