When the next managing director of the Nigerian Bulk Electricity Trading Plc (NBET) assumes office, one of the knotty issues he will have to crack is the N13.5 billion claim by Sepco-Pacific Energy Co Ltd, owners of Omotosho and Olorunsogo power-generating plants. The controversy over the payment is believed by industry insiders to have contributed in no small measure to the [...]
Titilola Vivour-Adeniyi, the coordinator of the Lagos State Domestic and Sexual Violence Response Team (DSVRT), says a study by the state government has shown that people do not get raped for how the dress. Speaking with TheCable via an Instagram live interview on Sunday night, Vivour-Adeniyi said the belief that people get raped because of how they dress is only a [...]
Accugas Ltd, gas supplier to the Calabar Generation Company Limited, has issued the dreaded "notice of non-payment" to the Nigerian government over outstanding invoices to the tune of $15.8 million, TheCable can report. This is the first step in activating the World Bank partial risk guarantee (PRG) signed by the federal government under the gas supply agreement (GSA). Nigeria’s credit rating will not [...]
To check how serious Cross River state was about screening for COVID-19, especially as the state is the only one in the federation without a single case, Taiwo Adebulu disguises as a patient with a risky travel history and suspicious symptoms. He narrates his experience with the doctors, nurses and the test team in this undercover adventure. Crossing Itu bridge, which [...]
Electricity distribution companies (DisCos) have dragged the federal government to court over alleged undue interference in their business operations. The federal government holds 40 percent shares in the power firms. The suit, seen by TheCable, was filed at the federal high court in Abuja on May 14 by 10 DisCos. The applicants are Abuja, Ibadan, Eko, Ikeja, Kaduna, Kano, Jos, Benin, Enugu [...]
It was scorching hot on Saturday afternoon in Lokoja, Kogi, when Godwin (not real name) visited one of the hospitals in the state capital to report that he was having coronavirus symptoms. According to a doctor who saw him, Godwin’s head was aching and his body was hot like it was being microwaved; his coughs, dry and continuous; his heart [...]
Twenty-four hours to the trip, Otos, a worker at one of the bus terminals in the Jibowu area of Yaba, Lagos, had given all the assurances that there is commercial transportation to Abuja, and, in fact, to any part of the south-east. With a giggle, and then a long hiss, he dismissed the directive banning interstate travel. As soon as we [...]
Abubakar Malami, attorney-general of the federation, has written Leno Adesanya, chairman of Sunrise Power Transmission Company of Nigeria Ltd (SPTCL), to seek a review of the $200 million settlement reached over the Mambilla power project dispute. TheCable reported on Wednesday that President Muhammadu Buhari has declared that Nigeria does not have the money to pay Sunrise to withdraw its $2.354 billion claim against the [...]
Nigeria must commit to paying $200 million settlement claims to Sunrise Power over the Mambilla power project by Friday, April 24, or face the consequences, the company's lawyers have warned. TheCable reported on Wednesday that President Muhammadu Buhari has declared that Nigeria does not have the money to pay Sunrise to withdraw its $2.354 billion claim against the country at the International [...]
President Muhammadu Buhari has declared that the federal government does not have $200 million to pay Sunrise Power Transmission Company of Nigeria Ltd (SPTCL) as final settlement claims over the Mambilla dispute, TheCable can report. He was reacting to a request by Abubakar Malami, the attorney-general of the federation, who was seeking approval to pay the company the sum, which is [...]
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