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
Favour Ajibade A Nigerian, Abidemi Rufai, was yesterday, sentenced to five years imprisonment in United States. Reason: He stole more than $500,000 meant for the treatment of people, that were affected by the recent global pandemic, otherwise known as COVID 19. Rufai was arrested at JFK International Airport in New York, while traveling to Nigeria in May 2021. Seeing with him at the point of arrest was a $10,000 wrist watch and $35,000 gold chain Rufai pleaded guilty in U.S. District Court in Tacoma, Washington, in May to wire fraud and aggravated identity theft charges, and Judge Benjamin Settle issued the sentence Monday. The judge also ordered Rufai to pay more than $600,000 in restitution. Prosecutors said the 45-year-old had a history of defrauding the U.S. government, including using stolen identities to file for emergency relief after hurricanes in Texas and Florida. “When disaster struck, so did Mr. Rufai,” Seattle U.S. Attorney Nick Brown said in a news release.