Tag "Marilyn Amobi"

    INSIDE STORY: The N13.5bn civil war between Adeleke’s power plants, NERC and NBET

INSIDE STORY: The N13.5bn civil war between Adeleke’s power plants, NERC and NBET

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 [...]

1 comment Read Full Article
    Confusion reigns supreme as Zainab Ahmed counters Mamman on Amobi’s removal

Confusion reigns supreme as Zainab Ahmed counters Mamman on Amobi’s removal

President Muhammadu Buhari has approved letters containing different directives on how Marilyn Amobi, managing director of the Nigerian Bulk Electricity Trading Company (NBET) would end her tenure. In a statement on Monday, Sale Mamman, the minister of power, announced that Nnaemeka Ewelukwa would succeed Amobi in office and directed that she proceed on terminal leave with immediate effect. Mamman said he received [...]

0 comment Read Full Article
    Mamman announces new NBET MD, asks Amobi to go on terminal leave

Mamman announces new NBET MD, asks Amobi to go on terminal leave

Sale Mamman, the minister of power, has directed Marilyn Amobi, the managing director of the Nigerian Bulk Electricity Trading Company (NBET), to proceed on terminal leave. In a statement on Monday, Aaron Artimas, special adviser to the minister, announced that Nnaemeka Ewelukwa, the company's general counsel and secretary, would be the new managing director. "He is to succeed Dr Marilyn Amobi, as substantive [...]

0 comment Read Full Article
    Reps probe NBET’s operations from 2015 to date

Reps probe NBET’s operations from 2015 to date

The house of representatives has resolved to investigate the operations of the Nigeria Bulk Electricity Trading Company (NBET) from 2015 to date over allegations of fraud. The green chamber said the probe is as a result of allegations of corruption levelled against the agency and Marilyn Amobi, its managing director. This followed a motion introduced during Tuesday's plenary session by Mohammed Wudil from [...]

0 comment Read Full Article
    Buhari reconstitutes NBET board as Zainab Ahmed becomes chairman

Buhari reconstitutes NBET board as Zainab Ahmed becomes chairman

President Muhammadu Buhari has approved the reconstituted board of directors of the Nigeria Bulk Electricity Trading Company Plc (NBET). The reconstituted board was announced in a statement signed by Yunusa Tanko Abdullahi, special adviser on media and communications to the minister of finance, budget and national planning. Members of the reconstituted NEBT board are: Zainab Ahmed, the minister of finance, budget and [...]

0 comment Read Full Article
    Court orders NBET to pay outstanding salaries to whistleblower staff

Court orders NBET to pay outstanding salaries to whistleblower staff

The national industrial court in Abuja has ordered the Nigerian Bulk Electricity Trading (NBET) to pay Sambo Abdullahi, a staff of the company, his salaries and other emoluments from December 22, 2017, till date. In a judgment delivered on Wednesday, Oyejoju Oyewunmi, the judge, said Abdullahi's suspension in 2017 was unlawful. She also condemned NBET's refusal to allow Abdullahi to enjoy his annual [...]

0 comment Read Full Article
    NBET staff write to Buhari, thank him for re-instating Amobi as MD

NBET staff write to Buhari, thank him for re-instating Amobi as MD

Some members of staff of the Nigerian Bulk Electricity Trading Company Limited (NBET) have applauded President Muhammadu Buhari's decision to reverse the suspension of Marilyn Amobi as the managing director. In a February 10 letter addressed to the president, the workers also listed what they described as Amobi's "key achievements" since her appointment in July 2016. Thirty-eight members of staff of the agency [...]

0 comment Read Full Article
    Buhari overrules power minister, recalls NBET MD

Buhari overrules power minister, recalls NBET MD

President Muhammadu Buhari has reversed the dismissal of Marilyn Amobi as the managing director of the Nigerian Bulk Electricity Trading Company Limited (NBET). The directive is in a memo issued by the office of the secretary to the government of the federation (SGF). TheCable understands that the agency has also been moved from the ministry of power to the ministry of finance. In [...]

0 comment Read Full Article
    Ewelukwa takes charge of NBET as Amobi steps down

Ewelukwa takes charge of NBET as Amobi steps down

Nnaemeka Ewelukwa has assumed office as the acting managing director of the Nigerian Bulk Electricity Trading (NBET). This followed a directive from Sale Mamman, minister of power, that Marilyn Amobi, former managing director of the agency, should step down. The minister had directed the constitution of a 5-man investigative committee to look into the complaints against Amobi with the view to "restoring sanity" [...]

0 comment Read Full Article
    Minister asks Amobi, NBET MD, to step down

Minister asks Amobi, NBET MD, to step down

Sale Mamman, minister of power, has asked Marilyn Amobi, managing director of the Nigerian Bulk Electricity Trading Company Limited (NBET), to step down with immediate effect. This comes a few hours after the minister ordered the indefinite suspension of Damilola Ogunbiyi, managing director of Rural Electrification Agency (REA). In a statement on Tuesday, Aaron Artimas, special adviser to the minister, said [...]

0 comment Read Full Article
    Court refuses NBET’s application for stay of proceedings in whistleblower’s case 

Court refuses NBET’s application for stay of proceedings in whistleblower’s case 

The National Industrial Court has again refused an application by the Nigerian Bulk Electricity Trading Plc (NBET) for a stay of proceedings in a motion brought against it by Sambo Abdullahi, a whistleblower. As the head of the internal audit at NBET, Abdullahi had queried alleged fraudulent acts by Marilyn Amobi, managing director of NBET. He had exposed alleged fraudulent transactions at [...]

0 comment Read Full Article
    Court dismisses NBET’s application for stay of proceedings in motion filed by whistleblower

Court dismisses NBET’s application for stay of proceedings in motion filed by whistleblower

The national industrial court (NIC) has dismissed an application by the Nigerian Bulk Electricity Trading Plc (NBET) for a stay of proceedings in a motion brought against it by one Sambo Abdullahi. Abdullahi is a whistleblower who happens to work for NBET. In the ruling on Monday, Kiyersohot Damulak, the presiding judge, directed Olayinka Arase, NBET’s lawyer, to provide a written application [...]

0 comment Read Full Article
    Osun speakership: APC will determine my fate, says Olatunji

Osun speakership: APC will determine my fate, says Olatunji

Tunde Olatunji, lawmaker representing Ife-north constituency in the Osun state house of assembly,  says the All Progressives Congress (APC) has the final decision on whether he will contest for the speakership of the assembly or not. The banker turned politician said as a loyal party member, he is willing to take whatever decision of the party as regards the speakership contest. “I’m [...]

0 comment Read Full Article
    Right of reply: NERC absolves NBET MD of fraud

Right of reply: NERC absolves NBET MD of fraud

BY SAMBO ABDULLAHI I am one of the management staff mentioned in the above captioned story published by TheCable on March 1, 2019. I wish to state that the pre-payment audit carried out on the payment vouchers as enshrined under the Financial Regulations on both Olorunsogo and Omotosho revealed the shoddy deals. The internal audit resistance led to both departments of [...]

0 comment Read Full Article
    NERC absolves NBET MD of fraud, says no proof of N2bn over-invoicing

NERC absolves NBET MD of fraud, says no proof of N2bn over-invoicing

The Nigerian Electricity Regulatory Commission (NERC) says there is no proof that Marilyn Amobi, managing director of the Nigeria Bulk Electricity trading Plc (NBET), overpaid two power plants by N2 billion. In a statement, the commission said its investigation revealed that the payments to Olorunsogo and Omotosho power plants by NBET are in line with the power purchase agreement, while the [...]

0 comment Read Full Article
    How NBET has been ‘victimising staff who exposed corrupt MD’

How NBET has been ‘victimising staff who exposed corrupt MD’

The travails of Abdullahi Sambo and Waziri Bintube at Nigerian Bulk Electricity Trading Plc (NBET) began in June, 2017 after Sambo wrote to the ministry of power, works, and housing, challenging his redeployment. Sambo said his redeployment and subsequent predicament at NBET is not unconnected with his whistle-blowing on the MD/CEO of NBET, Marilyn Amobi, whom he accused of mismanagement [...]

0 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement