General
Why DisCos Can’t Meet Obligations—EMRC
By Modupe Gbadeyanka
The Country Director, Energy Market and Regulatory Consultants (EMRC), Mrs Rahila Thomas, has explained why electricity distribution companies in Nigeria fondly called DisCos, are not performing optimally.
Mrs Thomas, speaking in Abuja at a one-day round table discussion organised by the Nigerian Senate on Addressing Nigeria’s Power Problems, stated that these electricity firms were cash-strapped.
“DisCos are not collecting sufficient cash to meet upstream obligations,” Mrs Thomas at the event while giving a presentation on the evolution of Nigeria’s electricity supply industry.
Chairman of the Senate Committee on Power, Mr Gabriel Suswam, said at the forum that, “The challenges in the power sector can be categorized into five crowd areas: Institution and Governance, Infrastructural, Political, Legislative and Environmental.”
He stated that, “The workable solution may be holistic and should take into account these broad challenges. We are here today to find solutions to electricity challenges in our country.”
Speaking further, he explained that the roundtable was organised as a result of a motion brought to the Senate on addressing Nigeria’s power problems on Tuesday, November 19, 2019, noting that the Senate resolved to hold the programme to address these issues and provide working solutions.”
In his contribution, the Minister of Power, Mr Saleh Mamman, stated that, “The most important factor in addressing the power sector is building synergy and team spirit. We have identified this at the Ministerial level. I wish all of us a fruitful resolution that will help in solving these problems.”
His counterpart in the Ministry of Finance, Budget and National Planning, Mrs Zainab Ahmed, who was represented by Mrs Evelyn Amobi, lauded the commitment of the legislative to work with the executive to resolve the issues affecting the power sector.
She assured that, “All the decisions that will be made here will have our full support and be taken to the executive.”
Senate Leader, Mr Yahaya Abdullahi, said at the forum that, “A lot of resources have been used in finding solutions into problems that have put this country backwards.
“It is the concern of the Senate to look into each other’s eyes and say the truth. We are here to own up to the issues that face this particular centre and work to find solutions to the major problem that affects the delivery of power to Nigeria.”
Senate President, Mr Ahmad Lawan, while speaking at the event, noted that, “If there is any single sector of our economy that is so important and so challenged, it is the power sector.”
He said, “This is a sector that needs a declaration of emergency. This is an opportunity for us to discuss the solutions and the way forward. The truth is we all know what is wrong, what we really need to do is to have the political will to take on the challenges frontally.”
“From the electricity power reform of 2005 and the privatization of Discos, with what is happening today, we know that everything is wrong. The time has come for us to have courage.
“We have signed into AFCTA and I believe what will give us an edge is to have a competitive environment. Our industries must be able to produce things that will compete favourably to other products in Africa but we are not in that position today. Even our citizens who have capital would rather relocate to Ghana and produce what they want to sell and bring it to Nigeria,” he said further.
Continuing, Mr Lawan said, “If we went wrong with the privatization of discos and Gencos, the time has come to look into it in the interest of our country. Definitely something is not working right. This round table is an idea of the senate that we should come together, talk amongst ourselves, ours is of course legislative intervention but we are also part of government. Whatever that is required to support the executive to amend the power sector reform, we are prepared to do that.”
Concluding, the Senate President said, “We owe this country obligation to provide employment opportunities for our teeming population. I think this round table at least is an opportunity to come up with measurable roadmaps to take the power sector to the next level.
“I believe that we have to declare a state of emergency on power and courageous decisions must be taken by government. I believe that this is one interaction that will not disappear after this session we want to take appropriate actions.”
General
SERAP in Court to Force INEC to Account for N55.9bn for 2019 Elections
By Modupe Gbadeyanka
The failure of the Independent National Electoral Commission (INEC) to account for about N55.9 billion earmarked for the purchase of some materials for the 2019 general elections has forced the Socio-Economic Rights and Accountability Project (SERAP) to file a lawsuit against the commission.
In the suit number FHC/ABJ/CS/38/2026 filed last Friday at the Federal High Court in Abuja, SERAP asked the court for an order of mandamus to compel INEC to disclose the names of all contractors paid the sum of money.
It was claimed that the N55.9 billion was meant for the purchase of smart card readers, ballot papers, result sheets and other election materials for the 2019 general elections, which produced the late Mr Muhammadu Buhari as President for a second term in office.
SERAP is relying on the latest annual report published by the Auditor-General on September 9, 2025, to ask for the use of the funds, which is said to be missing or diverted.
The organisation argued that the electoral umpire “must operate without corruption if the commission is to ensure free and fair elections in the country and uphold Nigerians’ right to participation.”
“INEC cannot ensure impartial administration of future elections if these allegations are not satisfactorily addressed, perpetrators including the contractors involved are not prosecuted and the proceeds of corruption are not fully recovered,” a part of the statement issued by the group stated.
“INEC cannot properly carry out its constitutional and statutory responsibilities to conduct free and fair elections in the country if it continues to fail to uphold the basic principles of transparency, accountability and the rule of law.
“These allegations also constitute abuse of public office and show the urgent need by INEC to commit to transparency, accountability, clean governance and the rule of law,” it further declared.
General
Finance Ministry Directs Shippers, Airlines to Submit Manifests via Single Window Project
By Adedapo Adesanya
The Ministry of Finance has directed all shipping companies and airlines operating in Nigeria to submit their manifests through the Single Window Project (SWP) as part of efforts to strengthen cargo tracking and transparency.
The submission of shipping manifests before the change of policy was handled exclusively by the Nigeria Customs Service (NCS) for onward cargo processing and port clearance.
However, following a memo from late last year signed by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, all shipping firms and airlines were directed to integrate with the National Single Window platform to ensure seamless Manifests submission.
“I would like to bring to your attention that His Excellency, President Bola Ahmed Tinubu inaugurated the National Single Window (NSW) Project on the 16th of April 2024.
The NSW Project aims to streamline and automate import and export processes at Nigeria’s entry & exit ports, with the dual goals of enhancing trade facilitation and increasing government revenue.
“By integrating the operations of multiple government agencies involved in trade processes on one platform, the NSW platform will ensure faster clearance of goods and services, improve operational efficiencies at the imports and significantly reduce bureaucratic bottlenecks.
“Key components of the Single Window as defined by the World Trade Organisation (WTO) and World Customs Organisation (WCO) include: (a) a single-entry point i.e. traders, shipping lines, airlines and other stakeholders should submit all required import and export documentation through a single-entry point on a centralized digital platform, and (b) single submission i.e. all documentation should only be submitted once and data only entered once.
“As a result, the NSW Platform will be the single-entry point of submission for all Sea and Air Manifests. Therefore, all shipping lines and airlines are therefore directed to integrate with the NSW Platform to ensure seamless Manifests submission,” parts of the memo read.
The Comptroller-General of the NCS, the chairman of the Nigerian Revenue Service (NRS), the Managing Director of the Nigerian Ports Authority (NPA), the Managing Director of the Federal Airports Authority of Nigeria (FAAN) and the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) were copied in the memo.
General
Dangote Drags ex-NMDPRA Boss Farouk Ahmed to EFCC
By Aduragbemi Omiyale
The petition written against the immediate past chief executive of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, which was withdrawn from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has now been taken to the Economic and Financial Crimes Commission (EFCC).
The letter was written by the chairman of Dangote Industries Limited (DIL), Mr Aliko Dangote. It contained allegations of allegations of abuse of office and corrupt enrichment against Mr Ahmed.
The petition led to the resignation of the former NMDPRA chief from office last month.
It was gathered that Mr Dangote, through his legal representative, filed a formal corruption petition against him at the headquarters of the EFCC, with specific plea of prosecuting Mr Ahmed if found culpable.
The businessman said the withdrawal of the petition from the ICPC was a strategic move aimed at accelerating the prosecution process.
In the petition signed by his lead counsel Mr O.J. Onoja (SAN), Mr Dangote noted that, “We make bold to state that the commission is strategically positioned along with sister agencies to prosecute financial crimes and corruption related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624)337.”
He further urged the anti-money laundering agency, under the leadership of Mr Olanipekun Olukoyede, “…to investigate the complaint of Abuse of Office and Corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”
“The commission’s firm resolve in handling this matter with dispatch is not only imperative and expedient but will also serve as a deterrent to other public officers out there with such corrupt proneness and tendencies,” he added.
Recall that on December 14, 2025, Mr Dangote raised concerns about Mr. Ahmed’s financial dealings, alleging that the former regulator is living far beyond his legitimate means.
According to him, four of Mr Ahmed’s children attended elite secondary schools in Switzerland, incurring costs running into several millions of dollars—an expenditure that raises questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum industry.
Mr Dangote listed the schools attended by Mr. Ahmed’s children: Faisal Farouk (Montreux School), Farouk Jr. (Aiglon College), Ashraf Farouk (Institut Le Rosey), and Farhana Farouk (La Garenne International School), noting that each child spent six years in these institutions. He estimated annual tuition, travel, and upkeep per child at $200,000, totaling approximately $5 million for their secondary education.
Additionally, he alleged that Mr Ahmed spent another $2 million on tertiary education for the four children, including $210,000 for Faisal’s 2025 Harvard MBA program.
“Nigerians deserve to know the source of these funds, especially when many parents in Mr Ahmed’s home state of Sokoto struggle to pay as little as N10,000 in school fees,” Mr Dangote stated.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn












