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FG Slams Nigerians With New Year Electricity Tariff Hike |The Source

By
Bayo Bernard
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By Fola James

Barely one month after the Nigerian Electricity Regulatory Commission, NERC said it was reviewing the nation’s electricity tariff, the regulator has increased tariff payable by all electricity customers in the country by over 50 per cent.

The Sanusi Garba-led NERC has directed the 11 Distribution Companies, Discos to take effect the increase effective from January 1, 2020.

Customers are however agitated that the new Multi Year Tariff Order (MYTO) tariff signed by NERC chairman on December 30, 2020, came barely two months after the implementation of the controversial hike proposed last year.

The new order supersedes, the NERC said the previous Order NERC/2028/2020

In the new order, NERC said it considered the “…14.9% inflation rate rise in November 2020, foreign exchange of N379.4/$1 as of December 29, 2020, available generation capacity, US inflation rate of 1.22% and the Capital Expenditure (CAPEX) of the power firms to raise the tariff…”

Unlike the earstwhile order implemented in 2020, which exempted low power consumers, the revised Service Based Tariff (SBT) also saw increase in the rates payable by all classes of electricity users.

The NERC said the order is effective till June 2021 while a Cost Reflective Tariff (CRT) expected to raise the new cost higher will be activated from June to December 2021.

How A Girl Friend Eloped With Three Months Old Baby In Ondo |The Source

By
Ayodele Oni
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0
Nigeria Police Force

By Ayodele Oni

Is it possible for a man to arrange for the kidnap of his three months old baby using his girl friend as the kidnaper?

This and others are some of the posers being unravelled by detectives of Ondo state Police Command.

Already, a middle aged husband, Wasiu Jimoh Mamukuyomi, has been arrested in connection with the incident while the suspected kidnapper and baby are still at large.

Wasiu was nabbed at Ondo town after his girlfriend, Bosede, allegedly, kidnapped the three month-old baby girl of the man in controversial circumstances at Ayeyemi area of the town.

It was gathered that the incident occured on the 2nd of January, 2021 when Bose, an apprentice, took the baby (Gold) of her boss, Stella, Wasiu’s wife, to ATM in the town but they never returned home since then.

Stella who confirmed the incident to newsmen, accused her husband, Wasiu Jimoh Mamukuyomi, of complicity in the missing of her baby and the Apprentice.

“My husband brought Bose three weeks ago in December, 2020, to learn tailoring, saying that Bose didn’t have an interest again in learning hair dressing where she was before.

“She (Bose) has been relating well with me and my husband but unknown to me she was my husband’s girlfriend.

“She asked someone to send three thousand naira to my bank account for her, which I gave her on the fateful day (January 2, 2021), claiming she has no bank account.

“Later when the money entered my account, I gave her my ATM card with Pin for her to cash the money and she was backing my baby (Gold) and eventually went to a nearby bank ATM.

“To my greatest surprise after more than four hours that day she didn’t return and I had to raise an alarm and we started searching for her and my baby across Ondo city here. Bose was no where to be found with my baby till now.

“She left her phone with me, but unknown to me, she had removed SIM cards inside the phone and left it empty with me, no way she can be tracked down now.

“Since the suspect was known through Wasiu, he was immediately contacted on telephone about the incident, but only showed up after two hours.

According to report, the husband had allegedly confessed in the police custody that he was actually dating Bose but he never sent her to kidnapped his baby.

It was further learnt that the case has been transferred from Ondo to the police headquarters in Akureu for further investigation.

Atiku Blames Buhari for His Business Woes |The Source

By
Bayo Bernard
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0

By Akinwale Kasali

Former Vice President Atiku Abubakar has accused President Muhammadu Buhari of trying to destroy his business empire barely 24 hours after Intels, an oil servicing firm severed ties with him. The Port Harcourt based firm announced on Monday that the politician has divested his $100 million in the company.

Criticising the federal government for attacking his business interests in the country, Atiku said politics should be seperated from business.

A statement released on Monday by Atiku’s spokesman, Paul Ibe, said  the feral government has targeted his business since Buhari became president in 2015.

Ibe said  “There should be a marked difference between Politics and Business”. “Co-founder of  Integrated Logistics Services Nigeria Limited (Intels), Atiku Abubakar, has been selling his shares in Intels over the years.

“It assumed greater urgency in the last five years, because this Government has been preoccupied with destroying a legitimate business that was employing thousands of Nigerians because of politics.

“He has sold his shares in Intels and redirected his investment to other sectors of the economy for returns and creation of jobs”.

Intels spokesman, Tommaso Ruffinoni, said on Monday that, Atiku through his trust named Guernsey Trust International, has sold shares of Orlean-Invest Group, Intels parent company, for a sum of approximately 60 million dollars.

According to the firm “In the period between April and May 2020, Abubakar converted his remaining shares into a convertible bond that he subsequently monetised up to a residual sum of approximately 29 million dollars.

“When he requested to cash in the above mentioned sum, our Group contested to Abubakar a debt, towards our Group, of 24.1million dollars.

“Without having received any answer regarding the matter, on Nov. 30, 2020 Abubakar was informed about the set off of such sum while we made available the remaining sum of 5.4 million dollars.

“With the completion of the above mentioned transactions, the era of Abubakar family’s involvement with the Group Orlean-Intels is over,” he said.

He noted that on Dec. 1, 2020 the Group terminated also its working relationship with Abubakar’s sons, Mr Adamu Atiku Abubakar and Mr Aminu Atiku Abubakar.

“Since that date our Group does not have any contacts, neither direct nor indirect, with members of Abubakar’s family,” Ruffinoni said.

Ekene Dili Chukwu’s Son Dies Of COVID-19 |The Source

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The Source
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0
Augustine Ilodibe

Augustine, son of late Billionaire Transporter, Augustine Ilodibe, popular as Ekene Dili Chukwu, has died.

Ilodibe Jnr. died of COVID-19 complications in Lagos, aged 42 years.

In a statement confirming the sad incident, the family said: “With great sadness, we announce the passing unto glory of our dear son, husband, father, brother and uncle, Ekenedilichukwu Augustine  Chukwunonso ILODIBE (Junior) who died this morning from complications of COVID-19 in Lagos”

The statement was signed on behalf of the family by Obinna Ilodibe.

Ekene Dili Chukwu’s Son Dies Of COVID-19 |The Source

By
The Source
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0
Augustine Ilodibe

Augustine, son of late Billionaire Transporter, Augustine Ilodibe, popular as Ekene Dili Chukwu, has died.

Ilodibe Jnr. died of COVID-19 complications in Lagos, aged 42 years.

In a statement confirming the sad incident, the family said: “With great sadness, we announce the passing unto glory of our dear son, husband, father, brother and uncle, Ekenedilichukwu Augustine  Chukwunonso ILODIBE (Junior) who died this morning from complications of COVID-19 in Lagos”

The statement was signed on behalf of the family by Obinna Ilodibe.

Fidelity Bank Assures Customers As New CEO Takes Charge |The Source

By
Bayo Bernard
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0

By Fola James

Nneka Onyeali-Ikpe, the first female managing director and chief executive officer of Fidelity Bank Plc has assumed office. Her tenure started on January 1 as announced by the retail lender.

The new chief executive succeeds Nnamdi Okonkwo, who retired on December 31, 2020, after completing his mandatory tenure as required by the Central Bank of Nigeria, CBN regulation.

The bank said on her assumption that the CEO will consolidate on the achievements of her predecessors.

Describing her as a consummate banker with strong track records, the commercial bank said customers need not worry about the transition as Onyeali-Ikpe “has been an integral part of management in the last six years and spearheaded the transformation of the directorate, leading it to profitability and sustained its impressive year-on-year growth across key performance metrics, including contributing over 28 percent of the bank’s PBT, deposits and loans.

“She is vastly experienced and has spent over 30 years working across various banks including Standard Chartered Bank Plc, Zenith Bank Plc and Citizens International Bank/Enterprise Bank, where she held several management positions in legal, treasury, investment banking, retail/commercial banking and corporate banking.

“As an executive director at legacy Enterprise Bank Plc, she received formal commendation from the Asset Management Corporation of Nigeria (AMCON), as a member of the management team that successfully turned around Enterprise Bank Plc,” the deposit money bank, DMB said.

Onyeali-Ikpe holds Bachelor of Laws (LLB) degree from the University of Nigeria, Nsukka; a Master of Laws (LLM) degree from Kings College, London; and has attended executive training programmes at global institutions including Harvard Business School; The Wharton School University of Pennsylvania; INSEAD School of Business; Chicago Booth School of Business; London Business School and IMD.

Onyeali-Ikpe joined the bank in 2015 and was the former executive director for Lagos and south-west directorate.

Pelosi Re-elected Speaker After Tough Time With Trump

By
Bayo Bernard
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Speaker of the House Nancy Pelosi gestures towards the members as she addresses the first session of the 117th Congress on the heels of taking her oath of office after she was re-elected Speaker on Capitol Hill in Washington, DC, January 3, 2021. (Photo by ERIN SCOTT / POOL / AFP) (Photo by ERIN SCOTT/POOL/AFP via Getty Images)

No nonsense Speaker of the United states of America, USA Congress Nancy Pelosi has been re-elected into her position after garnering 216 votes to defeat House Minority Leader Kevin McCarthy, her closes rival who got 209 votes.

Pelosi has been  a thorn in the flesh of the outgoing President Donald Trump whose tenure ends by January 20. President-elect Joe Biden is expected to take over from Trump who defeated former First Lady Hilary Clinton, to succeed Barak Obama in 2016

The US speaker had, in a letter after the swearing in of the 117th Congress, said her country is facing a trying time, urging her colleagues to rise up to the occasion to make the country great again.

The congress has been convened “during a time of extraordinary difficulty,” she said citing the COVID 19 which has killed thousands of Americans.

According to her “Each of our communities has been drastically affected by the pandemic and economic crisis: 350,000 tragic deaths, over 20 million infections, millions without jobs — a toll almost beyond comprehension,” she said. “Thank you for your generosity of spirit and patriotism to take on this challenge For The People.”

“I am enormously grateful for the trust that Members have placed in me,” she added. “I am confident that the Speaker’s election today will show a united Democratic Caucus ready to meet the challenges ahead.”

Her election marked the fourth non-consecutive term to lead the House of Representatives, even though the Democratic Party which she belongs has witnessed its majority control in the lower house shrunk in the last few years.

Pelosi has been in charge of House Democrats for 17 years. She is the first woman to be speaker, leading the House from 2006 to 2011, and since the Democrats took back the House in 2018.

“It gives (me) great pride to serve as speaker of the most diverse House of Representatives in the history of our country,” said Pelosi after her re-election.

Community Urges Gov Akeredolu To Check Activities Of Land Grabbers |The Source

By
Ayodele Oni
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0
Rotimi Akeredolu - Ondo Communal Clash

By Ayodele Oni

Tension has gripped the entire Igbosanyin community, in Akure South  Local  Government  area of Ondo state following moves by some landlords to forcefully hijack already sold lands from owners.

People of the community, located at Chief Ajayi Ekekumo Layout, Alagbaka Extension, Akure,  now sleep with an eye closed following activities of land grabbers.

They have appealed to the state government to urgently wade in to avert another loss of life and properties.

It was gathered that the current crisis rocking the community is similar to that of Isinigbo and Ode Communities where lives and properties including the monarch palace, were destroyed last month.

Already, a petition has been forwarded to Governor Akeredolu to wade into the activities of the land grabbers.

The crisis has to do with the Elekumo Family and the occupants who had already paid for the land several years ago with both laying claim to the land.

It was gathered that some members of Elekumo family have started to resell the land in the community, where houses have been built, claiming that they sold the land in error and in cheaper prices to the current occupants.

A Solicitor, John Olowookere, to one of the Occupants, Mr. Paul  Omoh in the petition, noted that unless immediate action is taken to call the erring family members to order, his client and other land owners in the community may be pushed to take laws into their hand resulting into bloodbath as n

“Our client and other parties to the dispute cannot continue to fold their hands in perpetuity and allow their sweat of many years to be destroyed before them unlawfully, while the matter is still before a court of competent jurisdiction.

“The affected owners of the land on the disputed land hereby passionately appeal and call on the Governor to take note of the foregoing with a view to rise to the occasion to avert another communal crisis in the state”, he added.

Atiku Sells Shares At INTEL For $100 Million |The Source

By
Akinwale Kasali
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0

By Akinwale Kasali

Former Vice President of Nigeria and Presidential Candidate of the Peoples Democratic Party, PDP, at the 2019 Election, Alhaji Atiku Abubakar, has sold his shares in Integrated Logistic Services (INTELS) Nigeria Limited for $100m.

This disclosure was made by INTELS’  Spokesman, Tommaso Ruffinoni, over the weekend.

Ruffinoni said Atiku is no longer a shareholder of the country’s largest logistics company.

Atiku is said to have sold his shares to Orleal Investment Group, the parent company of INTELs, for over $100 million in a deal that spanned two years.

Ruffinoni added that Orleal Investment Group paid Atiku $60 million, $29 million $24.1 million in three installments.

The deal began in December 2018, and was concluded last year.

He also noted that said Atiku left the company with his two sons, Adamu Atiku Abubakar and Aminu Atiku Abubakar in December 2020.

It would, however, be recalled that INTELs had over the years been at loggerheads with the Federal  Government , resulting in the cancellation of its 17-year-old contract with the Nigerian Ports Authority (NPA) for pilotage monitoring.

The NPA had accused INTELS of owing the Federal  Government a revenue of $307.675 million (N115.775 billion) as of July 31, 2020.

However, INTELS  had denied owing NPA to the tune of $145.8 million, insisting that NPA owes it over $750 million, giving a possible recourse to litigation to resolve the dispute.

Nigeria Will Go Into Extinction In Three Years Time – Gani Adams |The Source

By
The Source
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0

By Akinwale Kasali

The Aare Onakakanfo of Yorubaland, Iba Gani Adams has dropped another bombshell that has become the center of discuss in different quarters.

The Yoruba Generalissimo said that in the next three years, Nigeria, as a country, will no longer exist.

Adams warned that unless Nigeria returns to true federalism or regionalism, the country may break up within the next three years.

The Coordinator of the Oodua Peoples Congress, OPC, said that the current situation where the Federal  Government, allegedly, favours some regions, while ignoring the interests and necessities of other regions, would lead to the breakup.

In his words, “Before I became the Aare Ona Kakanfo, I don’t do anything without spiritual investigation. Quote me, Nigeria will not move forward if we don’t go back to true federalism or regionalism. If we don’t go back to regionalism within three years, Nigeria will break,” he said in excerpts of a media interview posted on his Instagram page on Sunday.

Adams cited the Federal Government’s recent rescue of over 300 schoolboys kidnapped from a gove1rnment secondary school in the northern Nigerian state of Katsina, through the alleged payment of a ransom to their abductors.

He said on the flip side, the traditional ruler of Ifon in the southern state of Ondo, Oba Israel Adeusi, who was the Olufon of Ifon, was killed by unknown gunmen and “nothing” was done about it.

Recall that Oba Adeusi was disembarking from Akure after attending a meeting in the state capital when he was killed along the Benin-Owo Highway on November 27.

His suspected killers were said to have been arrested by the recently established Ondo Security Network Agency, popularly known as Amotekun Corps, on December 2, 2020.

Adams stressed further that insecurity in the country has continued to worsen because “a few elites” who the current system of government favours, were against the restructuring of the country.

He added that, “344 students (Kankara schoolboys) were kidnapped, we now paid the ransom for each one. A PhD holder was killed in Igangan, an Oba was killed in ifon, but nothing happened.

“Our policing is supposed to be in four layers – federal police, regional police, state police and local government police. [But] we’ve remained as one layer of policing and that’s the problem.

“Unfortunately, few elites in Nigeria do not want Nigeria to return back to regionalism, but if we fail to do so, the nation will surely go into Extinction”.

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