Category: News

An analysis of the latest monthly number of overbilled customers has revealed that power distribution companies overbilled about 7.1 million unmetered electricity consumers between January and September 2023. In the various Regulatory Interventions for Non-Compliance with the Order on Capping of Estimated Billing to Unmetered Customers, issued to the 11 Discos by the Nigerian Electricity Regulatory Commission, an agency of the Federal Government, it was established that the power distributors raked over N105bn as a result of over-billing. Figures computed indicated that Yola Disco overbilled about 42,902 customers to the…

The United States authorities said rain, wintry weather could be responsible for the crash in the helicopter that claimed the lives of Herbert Wigwe, Group Chief Executive Officer, Access Bank Plc, his wife and son, including Abimbola Ogunbanjo, immediate past Chairman, Nigerian Exchange Group Plc. Speaking during a media briefing Saturday (3am Nigerian time, Sunday), a National Transportation Safety Board member, Michael Graham, said officials were on the scene to gather perishable evidence. Graham said the team was “methodically and systematically reviewing all evidence” and considering all potential factors to…

A chopper transporting the CEO of Access Bank and Access Holdings, Herbert Wigwe, and about five others aboard has crashed in California, United States. The chopper, identified as a Eurocopter EC 130, was headed to Las Vegas when it crashed last Friday night near Nipton, between Nevada and California. The United States Federal Aviation Administration (FAA), in a statement, yesterday, confirmed that all onboard are dead. The FAA said no survivors had been found as of yesterday. “We were made aware of a downed aircraft at approximately 10:12 p.m., on…

The unprecedented increase in the prices of commodities in Nigeria has caused nationwide hardship, with residents of some major cities taking to the streets to register their grievances. Families have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services. Several of them lamented that their income could no longer take care of their daily needs, adding that the prices of staples had almost tripled in the market. Rice, which is arguably one of the commonest…

Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others have been declared wanted by the Economic and Financial Crimes Commission for money laundering. Mrs Emefiele, Mr Eric Odoh, Anita Omoile and her husband, Jonathan Omoile, were declared wanted Friday night for allegedly conspiring with the former CBN Governor “to convert huge sums of money belonging to the Federal Government of Nigeria and committed felony to wit: obtaining money by false pretences, and stealing, contrary to and punishable under Sections 411, 287,…