Osinbajo: FG Ready to Resolve Tariff Shortfalls in Power Sector Tells electricity board to protect interests of ordinary citizens BPE says four Discos successfully taken over
Deji Elumoye in Abuja The Vice President, Prof. Yemi Osinbajo has assured Nigerians that the inauguration of a board for the Nigeria Electricity Liability Management Company (NELMCO)
would enhance ongoing efforts to resolve liabilities relating to tariff shortfalls for distribution companies, among other challenges plaguing the nation's power sector. The company has been running without a duly constituted board
since the first one was inaugurated in 2013 and dissolved shortly after. Speaking at the weekend, at the virtual inauguration of a new 10-man board for NELMCO in Abuja, Osinbajo stressed that the inauguration marked an important
milestone in the bid to resolve the liabilities relating to tariff shortfalls in the power sector (specifically for Distribution Companies), and to provide a veritable mechanism for managing the very dynamic nature of the liquidity challenges
of the power sector in Nigeria. According to him, “this ceremony formally brings on board the invaluable skills and experience of notable and highly respected personalities as members of the Board of NELMCO.”
On what was expected from the new board, the vice president told members that, “as a board, you are expected to make conscious and deliberate efforts to develop Continued on page 5
Audit Query: House Probes NIPC over N1bn Extra Budgetary Expenditure...
Page 6
Monday 22 August, 2022 Vol 27. No 9995. Price: N250
www.thisdaylive.com TR
UT H
& RE A S O
N
SERAP Tells Buhari to Withdraw Threat to Shutdown 53 TV, Radio Stations...
Page 10
$418m: Your Statement is Half-truth, Govs Tackle Ned Nwoko Insist it’s an attempt to blur, obscure real facts
Chuks Okocha in Abuja The Nigeria Governors Forum (NGF) has described as half-truth
a claim by the lead consultant in the recovery of over-deductions from Paris Club and London Club debts buyback funds, Ned Nwoko,
that his firm was owed $68 million and not $418 million, as alleged by the governors. Nwoko stated this in response to controversy
that trailed his company’s demand for fees from the states and local governments in the country in Abuja on Saturday.
The lead consultant at Linas International had frowned on recent comments by the chairman of NGF, and governor of Ekiti State,
Dr. Kayode Fayemi, regarding the Paris Club refund. Continued on page 5
Atiku: INEC Laying Foundation for Rigging 2023 Polls With Manual Collation of Results Says there must be strict adherence to electoral law Commission clarifies position, insists electronic transmission of results stays
Chuks Okocha, Emameh Gabriel in Abuja, Segun James in Lagos and Blessing Ibunge in Port Harcourt Presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, has said the idea of manual collation of election results by the Independent National Electoral Commission (INEC) is a ploy to lay the groundwork for rigging next year’s general election. Atiku, who spoke through one of his spokesmen, Daniel Bwala, yesterday, was reacting to a statement credited to the National Commissioner of INEC in charge of Information and Chairman, Voter Education, Festus Okoye, that the 2023 general election results would be transmitted manually. The former vice president insisted that there must be strict adherence to the new electoral law, which supports a good use Continued on page 5
THANKSGIVING OUTING SERVICE ATTENDED BY TAMBUWAL, AKPABIO, UBAH... L-R: Princess Ogochukwu Aneke; Prince Alan Obaigbena; Prince Benjamin Obaigbena; Princess Isioma Ukwa and Prince Nduka Obaigbena, during the thanksgiving outing service in honour of their late mother, Princess Margaret Obaigbena (nee Usifoh) at Saint Andrews Anglican Church, Owa-Oyibu Delta State... yesterday. The event was attended by Sokoto State Governor, Aminu Tambuwal, Senator Godswill Akpabio, Senator Ifeanyi Ubah amongst others ȱ ȱ ȱ ȱ ȱťŨ
Okowa, Ibori, Omo-Agege, Others Eulogise Olu of Warri on His First Coronation Anniversary...
Page 57