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
Edun By Favour & Akinola Ajibade The Senator representing Lagos East, Chief Mukhail Adetokunbo Abiru, has congratulated Mr Olawale Edun, on his birthday. Edun is a member of the Governance Advisory Council (GAC) of All Progressive Congress (APC). In a statement issued by Abiru’s media aide, Mr. Enitan Olukotun and made available to News Mirror, Edun who doubles as the Chairman, ChapelHillDenham Group, was described as a trusted confidant and thoroughbred professional with global footprint. According to Abiru, Edun's sterling achievements in investment banking and public finance sector are noteworthy, adding that the experience garnered in the two sectors played a pivotal role in the public finance engineering of Lagos when Edun was appointed commissioner of Finance in the state. He said: “ On behalf of my family and good people of Lagos East Senatorial District, I heartily congratulate my amiable confidant, mentor and respected elder colleague, Mr Olawale E