Friday, August 2, 2019

Tag "Marilyn Amobi"

    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 [...]

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    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 [...]

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    Right of reply: NERC absolves NBET MD of fraud

Right of reply: NERC absolves NBET MD of fraud

BY SAMBO ABDULLAHII 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 [...]

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    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 [...]

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    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 [...]

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    EXPOSED: How NBET MD raked in millions through ‘fraudulent contracts’

EXPOSED: How NBET MD raked in millions through ‘fraudulent contracts’

Marilyn Amobi, managing director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion to two power generating companies, documents obtained by Leaks NG have shown.  Leaks NG is Nigeria's collaborative investigative platform, comprising eight leading newsrooms, including TheCable.The documents also revealed that Amobi, who was made the substantive MD of NBET in July 2016, was also [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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