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Economy

Ikorodu communities petition Ikeja Electric over prepaid meters, fraudulent officials

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At least 10 Community Development Associations (CDAs) in the Ikorodu area of Lagos State have petitioned Ikeja Electric (IE) Plc. over outrageous estimated billings.

The CDAs are also outraged at the alleged fraudulent activities of Ikeja Electric’s officials and the non-supply of pre-paid meters.

Reports state that in the petition, the CDAs alleged that officials of Ikeja Electric always threw the area into darkness anytime residents refused to buckle at their fraudulent demands.

The petition signed by Ahmed kayode, Secretary, Progressive CDA, Oke-Olokun, on behalf of others, demanded an immediate review of bills for the area to be put at 30kw/h at the rate of N21.30k per kw/h, describing this as the true reflection of supply to the area.

The petition, dated Jan. 18, stated that Ikeja Electric had increased the estimated billings to the communities in the past three months without improved power supply.

It stated also that the attention of Ikeja Electric had been drawn to outrageous bills in the area over several months, without any response by the distribution company.

The communities also demanded an urgent downward review of their November and December 2020 bills and requested immediate distribution of pre-paid meters to every household in the area.

It stressed that:“henceforth, billing of our members should stop until these matters are resolved.

“We invite the Audit Department of Ikeja Electric to uncover all manner of fraud in our communities by your agents.’’

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Economy

Ogun Customs command generates N12.8bn in six months

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By Omobolaji Adekunle

The Ogun II Area Command of the Nigeria Customs Service has announced that it generated N12.8 billion in revenue for the first half of 2024, representing a 51% increase from the same period last year.

Comptroller Olusola made this statement during a press briefing held at Abeokuta Ogun state capital

According to Comptroller Olusola Bisi Alade, Customs Area Controller of the command revenue was generated through the diligent efforts of the officers and men of the command, who worked tirelessly to ensure that the revenue targets given to the command were met and exceeded.

The command’s revenue collection improved significantly in the last three months, with N3.48 billion generated in April, N2.8 billion in May, and N3.66 billion in June.

The command’s success was attributed to the discovery of 11 factories and one bonded terminal, which were previously unknown to the service.

The factories, which are now under different stages of registration, include Sygen Pharmaceutical Limited, Sprout and Kingsberg Nigeria Limited, and Adesouthern Nigeria Limited, Abraham and Sarah among others.

Comptroller Alade commended the dedication of his officers and men and the cooperation of other units, especially the Customs Intelligence Unit and Customs Police Unit, for their prompt actions, which contributed to the success of the command.

The achievement is in line with the policy drive of the Comptroller General of Customs, Bashir Adewale Adeniyi, who is operating under the principle of consolidation, collaboration, and innovation.

The command urged factories and traders to continue to pay their appropriate excise duty and other charges promptly and assured them of its commitment to fulfilling its mandate under the Nigerian Customs Service Act.

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Economy

Nigeria’s inflation rate climbs to 28.92%, marks twelfth straight month of increase

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By Sodiq Adelakun

 

Inflation in Nigeria continued to rise for the twelfth consecutive month in December, with the headline inflation rate reaching 28.92%, up from 28.20% in November.

 

The National Bureau of Statistics released its consumer price index report on Monday, revealing the ongoing impact of inflation on the country’s economy.

 

More details to come…

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Economy

Nasarawa Assembly introduces bill to regulate private schools, tertiary institutions

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The Nasarawa State House of Assembly has announced the first reading of a bill aimed at regulating private schools and tertiary institutions in the state.

The bill, titled “A Bill for a Law to Regulate the Establishment and Operation of Private Nursery, Primary, Secondary Schools and Tertiary Institutions in Nasarawa State and Other Matters Connected Therewith,” was introduced during the House proceedings on Monday in Lafia.

In addition to this bill, the House also passed two executive bills that focus on promoting education and skills training in the state.

The bills, if passed into law, are expected to enhance the quality of education and boost skills training across Nasarawa State.

Three bills have successfully passed their first reading in Nasarawa State, Nigeria.

The first bill, titled “A Bill For a Law to Establish the Wing Commander Abdullahi Ibrahim Vocational and Technology Institute, Lafia, and other Matters Connected Therewith,” aims to establish a vocati onal and technology institute in Lafia, the state capital. This institute will provide valuable skills training and education to the youth of the region.

The second bill, named “A Bill for A Law to Amend College of Agriculture, Science and Technology, Lafia, Nasarawa State Law 2020, and Matters Connected Thereof,” seeks to amend the existing law governing the College of Agriculture, Science and Technology in Lafia.

The proposed amendments aim to enhance the college’s operations and ensure it remains at the forefront of agricultural and technological advancements.Lastly, the third bill, titled “the Bill for a Law to Regulate the Establishment and Operation of Private Nursery, Primary, Secondary Schools and Tertiary Institutions in Nasarawa State and Other Matters Connected Therewith,” focuses on regulating the establishment and operation of private educational institutions in the state.

This bill aims to ensure that these institutions meet certain standards of quality and provide a conducive learning environment for students.

“The Speaker of the House, Alhaji Ibrahim Abdullahi, announced that the second reading of the bill for the establishment of the Wing Commander Abdullahi Ibrahim Vocational and Technology Institute, Lafia, and other related matters will take place on October 2.

The second reading of the bill to amend the College of Agriculture, Science and Technology, Lafia, Nasarawa State Law 2020, and matters connected thereof, will be scheduled for October 3.

These bills demonstrate the commitment of the Nasarawa State House of Assembly to improving the educational sector and providing opportunities for skills development in the state.

“I will slate Oct. 3, for the second reading of A Bill for A Law to Amend College of Agriculture, Science and Technology, Lafia, Nasarawa State Law 2020, and Matters Connected Thereof.

“I will also slate Oct. 4 for the second reading of A Bill for a Law to Regulate the Establishment and Operation of Private Nursery, Primary, Secondary Schools and Tertiary Institutions in Nasarawa State and Other Matters Connected Therewith,” he said.

Earlier, Alhaji Mohammed Omadefu, the Majority Leader of the House, moved motions for the bills to scale first readings.

The Minority Leader of the House, Mr Luka Zhekaba,  seconded the motion.

The House unanimously passed the bills into first readings.

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