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11 electricity distribution companies owe Federation Account N2.6 trn

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Eleven Electricity Distribution Companies operating in the country owe the Federation Account the sum of ₦2.6 trillion, the Nigerian Bulk Electricity Trading Company (NBET) PLC has said.

Managing Director of NBET, Johnson Akinnawo disclosed the scale of the liabilities when he appeared before the House of Representatives Committee on Public Accounts on Wednesday, August 20.

The Committee has summoned the 11 electricity Distribution Companies (Discos) to appear before it over the outstanding debt.

Documents submitted to the committee by NBET revealed that as at September 30, 2020, the 11 Discos collectively owe N2.6 trillion.

The DISCOs are Abuja Electricity Distribution Company (₦330.4 billion); Eko Electricity Distribution Company (₦231 billion); Benin Electricity Distribution Company (₦233.2 billion); Enugu Electricity Distribution Company (₦258.3 billion) and Ibadan Electricity Distribution Company (₦325.7 billion).

The others are Ikeja Electricity Distribution Company (₦310 billion); Jos Electricity Distribution Company (₦161.7 billion); Kaduna Electricity Distribution Company (₦277.7 billion); Kano Electricity Distribution Company (₦211.7 billion); Port Harcourt Electricity Distribution Company (₦239.7 billion) and Yola Electricity Distribution Company (107.4 billion).

The 2021 Auditor General’s report, which prompted the hearing also flagged multiple irregularities in the power sector.

The Auditor General alleged N30 billion in uncollected debt by NBET from market operators, N549 million shortfall in NBET’s 1% income from institutional charges, N100 billion paid by NBET to Generation Companies (GENCOs) for electricity not delivered to the national grid, N26 billion owed to Nigeria by two foreign firms for power exported to Togo, Benin, and Niger, N166 billion in under-remittance by Discos, below the Nigerian Electricity Regulatory Commission’s (NERC) minimum threshold and N2.7 billion in unpaid invoices by the 11 Discos.

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At the investigative hearing, Yahya Kusada moved a motion that all the 11 Discos be summoned to explain the persistent non-settlement of their financial obligations to the Federation Account and seconded by Billy Osawaru.

“With the magnitude of liabilities before us, it is imperative that these companies appear before the Committee to clarify their positions and outline plans for repayment,” Hon. Yahya Kusada said.

The Committee has also resolved to invite other market operators and participants to address concerns raised in the Auditor General’s report, with a date for the appearances to be communicated to the affected parties in due course.

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11th Senate to consider six-year single term for president, governors – Lawmaker

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Senate Leader, Opeyemi Bamidele, has disclosed plans to sponsor a bill seeking to introduce a single six-year tenure for presidents and governors after the 2027 general elections.

Bamidele said the proposed legislation would be among the first bills he intends to introduce when the next Senate is inaugurated, arguing that it would enable elected leaders to focus on governance rather than re-election campaigns.

Speaking during an interview with reporters in his office on Tuesday, the lawmaker said the current two-term arrangement often compels officeholders to devote a significant portion of their first term to political calculations and preparations for re-election.

“One of the first set of bills that I look forward to moving, by God’s grace, when we come back for the 11th Senate, God willing, is for a bill that will only make it possible for anyone who wants to be president of this country, or governor in any part of this country, to spend only one term of six years,” he said.

According to him, a single tenure would eliminate distractions associated with seeking a second term.

“So that you don’t even have to worry about wasting almost one and a half years of your first term thinking and struggling and looking forward to how you’ll be re-elected,” Bamidele said.

“If you know you are there for six years, only one tenure, you put in your best from day one. You know this is the only chance that you have.”

The Senate Leader acknowledged that the proposal may not enjoy universal support but maintained that lawmakers have a responsibility to initiate reforms they believe would strengthen governance.

See also  See how FG moves to recover unremitted funds before April

“That’s my opinion. It doesn’t mean everybody will agree with me. But it also does not mean that I am prevented from doing that because that has not been the law,” he said.

Bamidele stressed that laws are meant to evolve in response to changing realities and public needs.

“The essence of law, the essence of parliament, is that laws are like human beings; they grow,” he added.

The proposal, if formally introduced and passed by the National Assembly, would require constitutional amendments before it can take effect.

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Ibadan visitation: Nobody can stop me from going anywhere in Nigeria – Sheikh Gumi

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Popular Islamic cleric, Sheikh Gumi Ahmad, has broken his silence on his visitation to Ibadan late last year, amidst outrage that he was trying to Islamise Oyo State with some Northern ideologies and tenets.

Gumi stressed that nobody can stop him from visiting anywhere in the country, while maintaining that he was not invited by any Muslim group or individual in the South-West.

In a post on his Facebook page on Tuesday, he said he was in Ibadan as a representative of northern Islamic scholars.

He made this known barely a day after one of the victims of the abduction in the Oriire Local Government Area of Oyo State dismissed claims that their abductors demanded the implementation of Sharia law in the state as part of the conditions for releasing the victims.

PUNCH Online reports that the principal of Community High School, Esiele, Oyo State, Mrs Rachael Alamu, while speaking from captivity in a now-viral video, said the gunmen said they never demanded the introduction of Sharia law or a N1 billion ransom as reported in some quarters, but rather for the release of their associates currently in the custody of Nigerian authorities.

Also, the Muslim Rights Concern rejected the alleged demand for Sharia in a statement issued on Monday, describing the report as “a lie from the pit of Jahannam (hell)”.

MURIC argued that the so-called demand was inserted by enemies of Islam in the negotiation team to tarnish the image of Islam.

However, aligning with the Islamic group’s position, Gumi wrote, “I quite understand now how Islamophobia is shaping politics in SW (South-West) and why I was unnecessarily dragged into their dirty local politics.

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“I was in Ibadan, not by the invitation of any SW Muslim individual or group, but as a representative of the Coalition of Northern Muslim Ulama.

“Can anybody stop me from going anywhere in Nigeria?”

Recall that Gumi visited Ibadan on Wednesday, November 19, 2025, where he served as a special guest and speaker at the Southern Nigerian Ulama Summit.

The event took place at the University of Ibadan.

During his visit, he also attended a courtesy session alongside other prominent Southern and Northern Muslim scholars.

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Troops rescue six kidnap victims after clash with terrorists in Borno

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Troops of Operation Hadin Kai have rescued six kidnap victims following a confrontation with terrorists along the Delwa–Komala road in Borno State.

The incident occurred at about 17:58 hours on June 6, 2026 when troops at Forward Operating Base Molai received intelligence that armed terrorists had intercepted and abducted civilians travelling along the route.

Troops were immediately mobilised on a fighting patrol to the location and reportedly made contact with the terrorists upon arrival in the general area.

According to the sources, the armed group abandoned the victims and fled into nearby bushes following the troops’ approach.

The victims were successfully rescued unharmed and comprised four adult males, one adult female and one minor.

They were said to have been secured and moved to a safer location for further assessment and necessary documentation.

The military noted that the general security situation in the theatre remains calm but unpredictable, adding that troops continue to maintain aggressive patrols and clearance operations across vulnerable areas.

It further stated that troops’ morale and operational effectiveness remain satisfactory as operations continue to deny terrorists freedom of action within the North-East theatre.

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