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NERC Frowns At Int’l Offtakers’ Non-Remittance As DisCos Owe N82bn

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By Lateef Taiwo

The Nigerian Electricity Regulatory Commission, NERC, has disclosed that virtually all the eight international offtakers of the country’s electricity failed to remit any money to offset the cumulative US$16.11 billion invoice issued to them in quarter 1, Q1, of 2023.

Revealing this in its 2023/Q1 report, the Commission, under the theme: “Remittance by Special and Cross-border Customers”, said out of ₦842.38 million invoice issued by the Market Operator, MO, within the period, to all the eight (8) bilateral customers in the Nigerian Electricity Supply Industry,NESI, only North South/Star Pipe which made a remittance of ₦15.38 million against its invoice of ₦24.69 million.

Others mentioned in the report include ParasSBEE ($3.46 million), Transcorp-SBEE ($3.85 million), MainstreamNIGELEC ($5.48 million) and Odukpani-CEET ($3.32 million).

It noted that the non-remittance
by bilateral consumers has continued even as the ugly trend was also highlighted in past quarterly reports, urging the MO to invoke the provision of the market rules to curtail the payment indiscipline being exhibited by the various market participants.

On the DisCos’ side, the report said, “In 2023/Q1, the cumulative upstream invoice payable by DisCos was ₦252.92 billion, consisting of ₦209.26 billion
for generation costs from NBET and ₦43.66 billion for transmission and
administrative services by the Market Operator. Out of this amount,
the DisCos collectively remitted a total sum of ₦170.59 billion (₦141.51
billion for NBET and ₦29.04 billion for MO) with an outstanding balance of ₦82.33 billion.

“This translates to a remittance performance of 67.43%
in 2023/Q1 compared to the 78.69% recorded in 2022/Q4.
Relative to 2022/Q4, the cumulative DisCo under-remittance to the market
increased by ₦11.19 billion which translated to a -6.16 pp reduction in
the remittance performance in 2023/Q1.”

This development may not be unconnected, at least in part, with the decline in the DisCos’ collection efficiency and the increase in their Aggregate Technical, Commercial and Collection (ATC&C) Loss during the period under review.

NERC observed that the total revenue collected by all DisCos in
2023/Q1 was ₦247.09 billion out of ₦359.38 billion billed to
customers, corresponding to a collection efficiency of 68.75% which
represents a decline of 4.58 pp when compared to the 73.33% in 2022/Q4.
This marks the first time in the last five (5) quarters where DisCos
cumulatively recorded a reduction in their quarter-on-quarter collection
efficiency.
Relative to 2022/Q4, the improvement recorded in the total billing
₦27.10 billion (8.15%) does not correspond to the improvement recorded in total collections ₦3.44 billion (1.41%). This resulted in the decline in
collection efficiency recorded in the quarter. With increased collections
representing 17.30% of increased billing, collection efficiency is bound to
reduce. This puts an impetus on the DisCos to employ technologies and
operational procedures that will increase both billing and collection
performances to forestall long-term financial challenges.

The loss incurred courtesy of ATC&C, which provides a consolidated report of how much revenue a DisCo is
able to collect relative to how much it should have collected based on the
volume of energy it received (and sold to customers, was 46.39% comprising – technical and commercial loss (22.03%) and collection loss of 31.25% in 2023/Q1, giving an increase of 2.24 pp compared to the 44.15% in 2022/Q4.

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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

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By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

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200 widows benefit from empowerment outreach in Plateau

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By Israel Adamu, Jos 

 Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.

The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.

The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.

She stressed that the outreach was not a political programme but an expression of love and support for humanity.

Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.

“This is simply an expression of compassion and love for humanity. It is not a political programme.

“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”

Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.

Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.

At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash

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SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance

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By Francis Wilfred 

The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.

They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026

The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.

Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.

Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations

He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector

“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.

In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.

The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.

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