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FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in
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Chinese national bags 5-year imprisonment over illegal mining

A 29-year-old Chinese national, Gang Deng will spend five years in prison over offences bordering on illegal mining and possession of crude materials, a Federal High Court sitting in Ilorin has said.

The Ilorin Zonal Command of the Economic and Financial Crimes Commission (EFCC) secured the conviction after arraigning Deng alongside his company, Sinuo Xinyang Nigeria Ltd, before the court.

Justice Muhammed Sani in his judgment sentenced Deng to five years imprisonment with an option of fine in the sum of N1 million.

Sani also ordered that the 25 tons of the mineral recovered from him at the point of arrest be forfeited to the Federal Government.

The charge against Deng reads:

“That you  Sinuo Xinyang Nigeria Ltd and Gang Deng, sometime in the month of September 2022 at Share, along Tsaragi Road in Edu Local Government Area of Kwara State, within the jurisdiction of the Federal High Court, without lawful authority purchased mineral to wit.

“25 tons of mineral worth the sum of N2,490,000.00 conveyed in a DAF TRUCK, with Registration Number KLRAD85XCOE603462, and thereby committed an offence, contrary and punishable under Section 1 (8) (b) of Miscellaneous Offences Act 1984.

The defendant pleaded guilty on one count amended charge read to him, but entered “not guilty plea” for his company.

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