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National Mass Metering Prog: Reps to probe CBN, DISCOs over disbursement of funds

The House of Representatives on Thursday resolved to investigate the multi-billion naira disbursed to the Licensed Electricity Distribution Companies by the Central Bank of Nigeria (CBN) as loans under the National Mass Metering Programme.

The resolution was passed sequel to the adoption of a motion sponsored by Hon. Uchenna Okonkwo, who underscored the need for all the Institutions to take account of their stewardship on the utilisation of public funds.

In his lead debate, Hon. Okonkwo observed that the National Mass Metering Program (NMMP) was launched by the Federal Government of Nigeria through the Central Bank of Nigeria (CBN) to provide funds as loans to the licensed Electricity Distribution Companies (DisCos) to improve customers metering and eliminate estimated billing.

“The House also notes that the NMMP aims to reach over 6 million households and businesses with meters before the end of 2021 as part of the power sector reform agenda to promote transparency, accountability, and efficiency in the power sector.

“The House is concerned that there have been reports of discrepancies, mismanagement, and non-compliance with the terms and conditions of the loans disbursed under the NMMP by some DisCos, leading to inefficiencies, underperformance, and failure to achieve the objectives of the NMMP.

“The House is worried at the lack of proper oversight. monitoring and evaluation of funds disbursed under the National Mass Metering Program by the Central Bank of Nigeria, which has created opportunities for corruption, diversion, and misappropriation of public resources,” the lawmaker alleged.

In the bid to fix the sector, the lawmakers urged the Federal Government to prioritize the implementation of the Power Sector Recovery Program, which provides a roadmap for sustainable power sector reform.

The House also tasked the Central Bank of Nigeria (CBN) to provide a detailed report on the implementation of the National Mass Metering Program (NMMP). including the number of loans disbursed, the amount disbursed, and the status of the loans, to the House of Representatives.

 the same vein, the House called on the Nigerian Electricity Regulatory Commission (NERC) to provide a comprehensive assessment of the performance of the DisCos in metering customers and eliminating estimated billing.

To this end, the House mandated the joint Committees on Power, Banking Regulations, Rural Electrification Agency, Housing and Habitat to investigate the disbursement and use of funds under the NMMP by the CBN, and to ascertain the level of compliance with the terms and conditions of the loans.

The House also mandated the joint Committees on Banking Regulations and Power to investigate: cases of discrepancies, mismanagement. and non-compliance with the terms and conditions of the loans disbursed under the National Mass Metering Program; and the level of oversight, monitoring and evaluation of the use of funds disbursed under the National Mass Metering Program by the Central Bank of Nigeria, and to recommend measures to enhance transparency, accountability, and performance in the National Mass Metering Program and report back within four weeks

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Those found guilty of corruption should not enjoy pardon —AGF

The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), has stated that those found guilty of corruption should not be granted state pardons. He also advised law enforcement agencies to avoid shoddy investigations, urging them to have all necessary facts before summoning individuals for questioning.

The AGF made these remarks at a roundtable organized by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for state Attorneys-General in Abuja on Monday. “I will suggest in our next constitution review exercise that we expunge those found guilty of corruption from benefiting from powers of ‘Prerogative of Mercy’ to serve as a deterrent to others,” he said.

In a statement by Kamarudeen Ogundele, Special Assistant to the President on Communication and Publicity, Office of the AGF and Minister of Justice, Fagbemi emphasized the importance of cooperation from all stakeholders, particularly the Attorneys-General, in the fight against corruption. He urged them to avoid nepotism, political witch-hunting, rivalry, and bigotry in their efforts to fight corruption merely to please their governors.

The minister further stated that there should be no justification for rationalizing corruption or other crimes. He advised that legal opinions on cases should be based strictly on facts, as is the practice in advanced countries, adding, “We should not give in to public sentiments. In Nigeria, we are polarised along political lines.”

The AGF also urged participants and anti-graft agencies to conduct thorough investigations before arresting suspects to prevent unnecessary media trials. “Let us be thorough and take our time before inviting someone for questioning. Don’t do a shoddy job and be quick to say we have caught a big fish…You will catch a big fish. If it is two or three big fish you are able to get in a year and you are thorough, it is alright,” he stated.

Additionally, Fagbemi advised against filing exaggerated or bogus charges against defendants to create public frenzy. He said, “Nobody wants a 50-count charge…make it five or six and be sure. Make sure you get him (suspect) in.”

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Tinubu condoles with families of victims, Niger govt over traffic petrol tanker explosion

President Bola Tinubu has sent heartfelt condolences to the government and people of Niger State on the petrol tanker explosion on the Bida-Agaie-Lapai- road on Sunday in Niger State, which claimed the lives of 48 people and livestock.

According to the Niger Emergency Management Agency (NEMA) and the Federal Road Safety Corps (FRSC), many people were injured in the accident, which also involved a truck loaded with cattle and passengers.

President Tinubu commiserated with the families of the dead and injured victims. He also sympathised with the owners of shops affected by the tragedy.

He prayed for the speedy recovery of the injured.

The President commended the federal and state emergency agencies for their swift response. He similarly commended the good-spirited Nigerians who mobilised to the incident scene to assist the victims.

He pledged continued support for efforts aimed at providing relief to those affected.

President Tinubu has directed relevant federal agencies in transportation and road infrastructure to redouble their efforts and work with state governments to enhance the safety and security of travellers and residents.

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Nigerian businessman Ogionwo charged for $300,000 scam in Oil deal

The Inspector General of Police, through legal officer S.O. Ayodele from the Federal Criminal Investigation Department, Alagbon Close, Ikoyi, Lagos, has filed a two-count charge of obtaining money by false pretenses and theft against Nigerian businessman Ebi Otisaye Ogionwo.

In the charges presented before the Federal High Court in Lagos, Ayodele alleges that in 2022, Ogionwo fraudulently obtained $300,000 from Mr. Oluwatosin Adefila of Beltzemo Nigeria Limited. The funds were purportedly meant to finance an oil trading business, but this representation was false.

The charges against Ogionwo are in violation of Section 1 (1) (c) and punishable under Section 1 (3) of the Advance Fee Fraud and Other Related Offences Act 2006.

The two count charge as filed before the court

Count one:

That you, Ebi Otsaye Ogionwo “M” sometimes in 2022,in Lagos, within the Judicial Division of this Honorable Court, did by false pretence and with intent to defraud obtained the sum of Three Hundred Thousand Dollars (S300,000:00) from one Mr. Oluwatosin Adefila of Boltzemo Nigeria Limited under the guise of using the said funds for financing Oil Trading Business, a representation you knew to be false and thereby committed an offer contrary to Section 1(1)(c) and punishable under section 1(3) of the Advance Fec,raud and other Related Offences Act 2006, Laws of the Federation of Nigeria.

Count two:

That you Ebi Otsaye Ogionwo “M” on the same date, time and place, and in the aforementioned Judicial Division of the Federal High Court, did steal the sum of Three Hundred Thousand Dollars ($300,000.00) from one Mr.Oluwatosin Adefila of Belztzemo Nigeria Limited and thereby committed an offence contrary to section 383 and punishable under section 390 (9) of the Criminal Code Act,Cap C 38,Laws of the Federation of Nigeria,2004.

Meanwhile, 14th of October, 2024 has been fixed for the arraignment of the defendant.

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