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
By Favour Ifeoluwa & Akinola Ajibade President Bola Ahmed Tinubu yesterday,appointed new members into the Board of the Nigerian National Petroleum Corporation Limited (NNPCL).The resumption of the appomites takes effect on December 1st,2023.. They include Chief Pius Akinyelure — Non-Executive Board Chairman, Mallam Mele Kolo Kyari — Group Chief Executive Officer, Alhaji Umar Isa Ajiya — Chief Financial Officer, Mr. Ledum Mitee — Non-Executive Director, Mr. Musa Tumsa — Non-Executive Director, Mr. Ghali Muhammad — Non-Executive Director and Prof. Mustapha Aliyu — Non-Executive Director. Others are. David Ogbodo — Non-Executive Director and Ms. Eunice Thomas — Non-Executive Director, The President, in a statement, by his media aide, Ajuri Ngelale on Monday the government also appointed two Permanent Secretaries alongside the members of the Board of NNPCL. They are Mr. Okokon Ekanem Udo — Permanent Secretary, Federal Ministry of Finance and Ambassador Gabriel Aduda — Pe