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Summon Ex-MDs, Mgt Staff …As World Bank Okays $2.1bn Loan For Nigeria

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Speaker of the House of Representatives, Hon Yakubu Dogara has said that the House would not relent until all allegations of misuse of N10.08trillion (about $30billion) by the Niger Delta Power Holding Company (NDPHC) are probed and unravelled.
This is just as the ad-hoc committee investigating the company led by Rep Darlington Nwokocha, yesterday, summoned all former managing directors, management staff of the company to appear before it and give account of their stewardship.
The speaker, who stated this at the opening of a public hearing by an ad-hoc committee of the House, on the alleged Constitutional Breaches, Impunity and other Infractions of the NDPHC, and the Need to Ensure Probity and Statutory Oversight Functions, said it was a great concern that about half of the funds were reportedly sourced through the Excess Crude Account, which belong to the nation’s three tiers of government.
“From the information made available to the National Assembly, the NDPHC Ltd. has since 2005 invested over $30billion, over half of which was sourced from the Excess Crude Account belonging to the three tiers of government, while the balance consists of funds from other investors.
“As a Limited Liability Company, the operations, management and accounting procedures of the Niger Delta Power Holding Company Limited is subject to the overriding provisions of the Laws of the Federal Republic of Nigeria in general, and the Companies and Allied Matters Act, (CAMA), in particular.
“However, the available information is that the company has failed to comply with very serious and important provisions of the law, such that the very essence of the company, and by extension the NIPP, is seriously threatened.
“Furthermore, the NDPHC does not submit its annual budget and project plans for appropriation by the National Assembly, while, as alleged, it also generates Internally Generated Revenues (IGR) in trillions of Naira, which cannot be determined because it is neither divulged nor paid into the coffers of the government, but rather expended by the company without Legislative approval or input from the other tiers of government.
“Most importantly, information available from the Corporate Affairs Commission (CAC) conveys very disturbing signals that the trillions of Naira purportedly invested into the NIPP by the federal, the 36 states and the 774 local governments have not been securitized as only N2billion is said to be registered as shares in the CAC for the three tiers of government”.
While tasking the committee to do a thorough job, the speaker stressed that “the House is committed to finding a lasting solution to the challenge in our power sector, which has adversely affected all efforts to transform our economy.
“In particular, we are concerned about making the NDPHC to work to fulfil its intended objectives as an important agency in our electricity industry”.
During the investigative hearing, members of the committee remanded to know how the company had operated with such impunity and financial infractions which the Managing Director, Chiedu Ugbo could not immediately provide answers for but rather pleaded for more time.
The committee demanded for all share certificates of the company and names of directors where it was by representative of Corporate Affairs Commission (CAC) that former Governor Emmanuel Uduaghan and Ago Fayose were the only governors that were directors of NPDHC.
To this end, a member of the committee, Rep Mark Gbilah moved that past MDs and management staff of the company should be summoned and the Chairman, Nwokocha ruled that they all should be summoned.
Earlier in his presentation, NDPHC Managing Director, Chinedu Ugbo, pledged to provide all the share certificates and resolutions taken at the Annual General Meeting (AGM) to the committee.
He disclosed that the exercises the company carried out so far were approved by the Nigeria’s Governors Forum (NGF).
Speaking earlier, Chairman of the Ad-hoc Committee, Darlington Nwokocha, explained that the National Assembly was constitutionally empowered to detect and prevent abuse, prevent illegal and unconstitutional conduct on the part of the government, its ministries, departments, agencies and corporations; protect the rights and liberty of citizens; hold government answerable for how tax payers’ money is spent and make government operations more transparent and increase public trust in the government.
Major stakeholders present at the hearing include: The Governors Forum, ALGON and CAC, OAGF.
The investigative hearing was adjourned sine die.
Meanwhile, months after top executives from the bank toured some projects in the country, the World Bank has announced the approval of $2.1bn loan for seven projects to be executed in Nigeria.
According to a statement released yesterday, the seven projects cover areas like nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment, public finance and national statistics and reducing vulnerability to soil erosion.
The statement said the loans were approved in Washington on Wednesday, with World Bank Country Director for Nigeria, Rachid Benmessaoud, quoted as saying, “The Federal Government of Nigeria’s Economic Recovery and Growth Plan identifies human capital investment, restoring growth, and building a competitive economy as its key pillars.
The projects approved by the International Development Association, the bank’s low-interest arm, are expected to support Nigeria’s economic growth plan.
The Bretton Woods institution disclosed that more than half of the loans coming the way of Nigeria would be used to fund power and climate change projects and boost fiscal transparency. It also approved a $7 million grant for nutrition.

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NDLEA Arrests Four Notorious Female Drug Dealers In Four States

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The National Drug Law Enforcement Agency (NDLEA) has arrested four notorious female drug dealers in Edo, Imo, Kano, and Gombe states.

The Director of  Media and Advocacy, NDLEA, Mr Femi Babafemi, made this known in a statement in Abuja, yesterday.

Giving a breakdown, Babafemi said that in Edo, an intense sweep of notorious drug hotspots within Benin City by NDLEA operatives on June 2 led to the arrest of four key traffickers, including three females.

“At Uyosa, Benin City, two female suspects were nabbed with a cocktail of illicit substances, including 176 grams of skunk, 65g of Loud, and 5 grams of Methamphetamine.

“Along Agbor road in Benin City, another female suspect, 21-year-old Anita Abraham, was apprehended with 95 grams of Scottish Loud and 329 grams of regular Loud.

“At Upper Mission, Benin City, a male suspect was arrested with a diverse cache of psychotropic substances consisting of Loud, Colorado, Swinol, and Methamphetamine.

“A swift operation by operatives in Kano State on Thursday, June 4, led to the arrest of a 19-year-old suspect, Saifullahi Lawan at the Kafi area of Madobi, with 40 blocks of skunk weighing a total of 38 kilograms,” NDLEA said.

In a related development, Babafemi said, operatives in Gombe state intercepted a 28-year-old suspect on June 1 near Dantiti Plaza in the Tumfure area of Gombe.

“The suspect was caught with 15,000 capsules of tramadol,” he said.

He said the War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands and formations equally continued across the country in the past week.

Reacting to the string of successful operations, the NDLEA Chairman, retired, Brig.-Gen. Buba Marwa commended the officers, men and women of the Imo, Edo, Kano, and Gombe commands for their resilience and vigilance.

Marwa also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.

He re-emphasised that the agency remains fully committed to dismantling drug supply chains and would continue to target traffickers regardless of age, gender, or concealment methods.

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Navy Intercepts Over 135,000 Litres Of Stolen AGO In Rivers

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The Nigerian Navy says its operatives under Operation Delta Sentinel have intercepted over 135,000 litres of suspected illegally refined Automotive Gas Oil (AGO) during separate operations in Rivers State waterways.

Director of Information, Navy Captain Abiodun Folorunsho, said the operations were carried out by personnel of the Nigerian Navy Ship (NNS) Pathfinder around the Onne and Abonema axis.

He said the seizures were made during routine patrols aimed at curbing crude oil theft and illegal fuel transportation across creeks in the state.

In one of the operations, naval personnel intercepted a fibre boat at the entrance of Owogono Creek in Ogu-Bolo Local Government Area carrying drums and jerrycans filled with suspected stolen AGO.

According to him, the occupants abandoned the boat and fled into nearby creeks, while the vessel and about 63,000 litres of product were recovered.

In another operation around Abonema in Akuku-Toru Local Government Area, patrol teams intercepted a wooden boat conveying about 72,000 litres of suspected illegally refined AGO concealed in sacks.

The Navy said the products were being transported through waterways for onward distribution before the operation disrupted the movement.

Folorunsho said the recoveries highlight the continued exploitation of creek networks by criminal elements for illegal petroleum product transportation.

He added that all recovered items were handled in line with established procedures on anti-crude oil theft operations.

The Navy reaffirmed its commitment to intelligence-driven operations aimed at dismantling illegal oil networks and protecting Nigeria’s maritime economic assets.

 

 

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PERM SEC Tasks PUBLIC SERVANTS TO EMBRACE ACCOUNTABILITY

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The Permanent Secretary of Rivers State Ministry of Information and Communications, Dr Honour Sirawoo mni, has charged public servants to embrace accountability and prudent management of public resources, stressing that government funds must be utilised responsibly.

 

Dr. Sirawoo made the assertion during the 41st anniversary of The Rivers State Television (RSTV), in Elelenwo.

 

He noted that public service demands commitment and sacrifice, urging workers to justify the opportunities entrusted to them through diligengence and productivity.

 

“All I try to do is to see that we have value for every kobo that we spend and value for our time.

 

“Government has a social responsibility to provide opportunities, but when you have one, you must guard it through hard work and ensure your presence is justified,” he stated.

 

The Permanent Secretary further appealed to workers to see themselves as ambassadors of their respective institutions, adding that government remains committed to creating employment opportunities and improving public service delivery.

 

Also speaking, former Acting Managing Director of the Niger Delta Development Commission (NDDC), Dr (Mrs.) Christiana Atako, praised the station’s professionalism and consistency despite operational challenges.

 

“We have never been disappointed. In spite of all the challenges RSTV had at that time, they never failed us. They carried our stories very well,” she said.

 

Dr Atako encouraged staff members to continually improve themselves through training, education and professional development in order to remain competitive in the evolving media industry.

 

Earlier, Acting General Manager of RSTV, Ambassador Paul Damgbor, described the anniversary celebration as an opportunity to reflect on the station’s journey of over four decades and appreciate those who have contributed to its development.

 

Pastor Damgbor said that the station had recorded remarkable improvements in recent months through the acquisition of digital cameras, computers as well as upgrades in audio and visual production facilities.

 

“We have seen great change. We were able to get new brand digital cameras and improve on our audio. We have also provided new computers for key departments, including News, Programmes and the Library,” Damgbor remarked.

 

He also unveiled a commemorative magazine chronicling the history and achievements of the station, describing it as a valuable reference material for preserving RSTV’s heritage.

 

The Acting General Manager, however, expressed concern over the theft of critical equipment from the station’s transformer, a development he said had forced the organisation to rely heavily on generator power supply.

 

The Senior Pastor of Gateway International Church, Pastor George Izunma, who gave a short charge during the event, urged media practitioners to uphold the ethics of journalism and remain committed to accuracy in reporting.

 

“You are pressmen. You are okay to doubt, but verify,” he advised, stressing the importance of credibility and responsibility in the profession.

 

He equally highlighted the need to  “ask the help of God, sow a seed of help, and step into something as if you have help” stressing the need to move by faith for growth.

 

Some participants at the event also raised concerns about employment opportunities while commending RSTV’s growth and contributions to public enlightenment in Rivers State.

 

A major highlight of the celebration was the presentation of an award to the Rivers State Ministry of Information and Communications in recognition of its diligence and service to the people of the state. Dr Honour Sirawoo also received a special award for his contributions to the growth and development of RSTV.

 

Awards were equally presented to outstanding members of staff of RSTV for exemplary performance and their dedication to duty.

 

The event also featured the unveiling and launch of the RSTV commemorative magazine as well as a tour of the station’s newly built cafeteria and other facilities.

 

The celebration marked another milestone in the station’s 41-year history and reaffirmed its commitment to excellence in public broadcasting.

 

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