Tag "Marilyn Amobi"

    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 [...]

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    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" [...]

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    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 [...]

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    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 [...]

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    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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    NBET:

NBET:

Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity Trading PLC (NBET) is currently embroiled in several cases of corruption allegations in the agency.NBET, the manager and administrator of the electricity pool in the Nigerian electricity supply industry was incorporated in 2010, and the board, headed by the minister of finance, was inaugurated in 2011.Upon inauguration, the company recruited [...]

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    MD of Electricity Trading company involved in multi-million naira scandal

MD of Electricity Trading company involved in multi-million naira scandal

Marilyn Amobi, managing director of the Nigeria Bulk Electricity Trading PLC (NBET), is currently embroiled in several cases of corruption allegations. NBET, the manager and administrator of the electricity pool in the Nigerian electricity supply industry, was incorporated in 2010, while the board headed by the minister of finance was inaugurated in 2011. Upon inauguration, the company recruited its management and [...]

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January 20, 2019USDGBPEUR
INTERBANK306397354
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KANO354445370
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