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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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Customs Innugurates Companies Board members




By Favour Ifeoluwa & Akinola Ajibade 


The Nigeria Customs Service, the Comptroller General Bashir Adewale Adeniyi has innugurated new chairpersons and members of its four companies.

Adeniyi, during the innuguration ceremony in Lagos urged the member to be loyal and of good standing to the paramilitary institution and the country in order to make the nation's proud of the agency. 

In a statement signed and made available to the media by the Chief Superintendent of Customs, National Public Relations Officer, Abdullahi Maiwada, Adeniyi said that the companies comprise of  Customs Service Technical & Hanger Services Limited, Nigeria Customs Service Training & Hotels Limited, Nigeria Customs Service Hospital Limited, and Nigeria Customs Broadcast Network Limited.

The CGC, in the statement, said that the registration of the firms constitutes part of the agenda to improve the well-being of Officers. “The registration of the companies that have been mentioned constitutes part of our agenda to improve Officers’ welfare, as their role in revenue generation and the implementation of fiscal policies of the government and the economic prosperity of the country cannot be overemphasized,” he added.

Speaking on the growing concerns as an object of business ranging from aviation services, hospitals, healthcare, and broadcasting services, the Customs CG noted that board members are drawn from the relevant departments.

He specified that Officers and the representatives from the Ministry of Finance have been well acquainted with managing the affairs of the companies.

He disclosed that NCS is taking a cue from other ministries and parastatals of government that successfully engage in these ventures and hopes that the newly inaugurated board will nurture the companies to be stable and profit-oriented.

Adeniyi affirmed, “Nigeria Customs Services’ Technical and Hanger Service Limited shall be chaired by ACG AO Alajogun, Nigeria Customs Service Training and Hotels Limited – chaired by ACG Dappa-Williams, Nigeria Customs Service Hospital Limited is headed by ACG Ibrahim Alfa, and Comptroller Kamal Muhammad to head Nigeria Customs Broadcasting Network Limited.”

He acknowledged that representatives from the Ministry of Finance are Members and representatives from the Directorate of Legal Services serve as the Secretaries to the companies.

He further charged the board members to see to the effective management of these companies and be dogged in the discharge of their duties and responsibilities.

Adeniyi said, “I wish to charge members of the boards of these different companies to see to the effective management of the companies and to be focused on discharging their duties and responsibilities. You are assured of my support and guidance at all times.”

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