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Jos DisCo boss grants 30 percent discount to debtors

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The Managing Director, Jos Electricity Distribution Company (JED), Engr. Abdu Bello Mohammed has rolled out a 30 percent discount for all indebted customers who will wish to clear their debts at once.

Mohammed said the gesture, which will take effect immediately and run till the end of January 2023, is to encourage debtors to pay up, urging them to take advantage of it.

The JED boss spoke in a statement signed by the Head Corporate Communications, Dr. Friday Adakole Elijah, and sent to our correspondent on Friday.

While encouraging staff of the power company to also be at their best performance, Mohammed promised to always reward the best performing region of its franchise States of Plateau, Gombe, Benue and Bauchi.

Part of the incentive offered also includes prompting the best Regional Manager whose region will top revenue collection every month, Elijah said in the statement.

He noted that Mohammed is poised to improve staff welfare as he has urged staff to also improve revenue collection, adding that to demonstrate commitment to staff welfare, the JED boss shortly after resuming office, confirmed 121 staff who were left unconfirmed.

“We intend to look into staff promotion soon. I understand that some staff have stagnated for up to ten years in one position. This is not good. We can not operate like this. But for us to achieve what we intend to achieve, we must have to increase our collection efficiency in terms of naira yield”, Mohammed said.

He continued: “Please, let us improve the company’s performance and you will see what I will do. Our current collection performance is about 50 percent. We buy this energy from the Gencos and we can’t collect the cost of the energy. You collect goods on credit to sell and return the money but after selling, you are only able to collect about half of the total worth of the goods, how are you going to make up for the balance?, he queried.

“Your inability to perform could be catastrophic as I cannot tell what will happen to you if the trend continues.

“This is where you work. This is where you feed from. Your family depends on this. Your relations depend on this. Even the society where you live to some extent depends on you because you are working. We should therefore put in our best to enable the company to grow. When the company grows, we will all be better for it.

“We must move the company forward. We must salvage the situation. I can see the very intelligent and energetic staff here. All you need to do is the push and determination to change the narratives”, he said.

Mohammed however decried corruption in all ramifications calling for attitudinal change from the staff.

“You must abide by ethical conduct. I will not tolerate any bad act from any of you. While we will not tolerate any bad acts from you, we are ready to support you to do your job diligently”, he added.

Sundiata Post recalls that Mohammed spoke in Gombe Gombe during an interactive session with staff of the Region, our correspondent reports

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Grassrunner’s Godwin Raphael Itotomi Completes Move to French Club Stade de Reims

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Nigerian youngster Godwin Raphael Itotomi has taken a significant step in his football career after completing a move to French club Stade de Reims, where he will continue his development with the club’s youth setup.

Sports247 reports that the highly-rated centre-back, who captained Grassrunners FC of Ogun State, officially signed his contract with the French outfit and is expected to feature for Stade de Reims Révélations, the club’s reserve and youth development team competing in the Groupe Élite Championnat des Réserves Professionnelles.

The transfer marks another milestone for the promising defender, whose leadership qualities and commanding performances at the heart of Grassrunners FC’s defence earned him recognition and opened the door to European football.

Renowned for his composure on the ball, strong aerial presence, tactical awareness and ability to organise the backline, Itotomi now has the opportunity to further develop his game in one of Europe’s respected youth development environments.

The move is expected to expose him to a higher level of competition and professional coaching as he works towards breaking into senior football.

Speaking on the move, those close to the player believe the switch to France represents the perfect platform for the young defender to realise his enormous potential.

Joining Stade de Reims provides him with access to world-class training facilities and a structured development pathway that has produced several top talents over the years.

For Grassrunners FC and Ogun State football, the transfer is another testament to the quality of young players being nurtured at the grassroots level. It also reinforces the growing reputation of Nigerian academies in producing talented footballers capable of earning opportunities with European clubs.

As he begins life in Reims, located in the Grand Est region of northeastern France, Itotomi will be aiming to adapt quickly to his new environment, impress the coaching staff and establish himself as a key figure in the club’s youth ranks.

The move is expected to serve as an important stepping stone in his career, with the long-term ambition of progressing into Stade de Reims’ first team and eventually making his mark at the highest level of European football.

For Nigerian football enthusiasts, Godwin Raphael Itotomi’s transfer is another encouraging success story, highlighting the increasing pathway from grassroots football to elite European clubs.

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FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators

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BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission,((NAICOM),  on Monday said only eight insurance companies are yet to be verified by the commission.

The commission disclosed this today while releasing the 43 insurance firms that met the new minimum capital requirements set up by NIIRA

According to NAICOM “The eight insurance companies submitted evidence of compliance shortly before the statutory deadline are currently undergoing final verification and regulatory review.

This, the commission said would be concluded within fourteen days.

Insurance companies not listed among the 43 verified firms include those currently undergoing final regulatory review, as well as unverified operators at risk of liquidation—such as NICON Insurance Plc; Goldlink Insurance Plc Nigerian Reinsurance; Nigerian Agricultural Insurance Corporation ; Royal Exchange Prudential Life Plc;  Tangerine Life Insurance Limited; Sovereign Trust Insurance Plc; African Alliance Insurance Plc; Guinea Insurance Plc; Regency Alliance Insurance Plc; Staco Insurance Plc; Alliance & General Insurance; Universal Insurance Plc; emPle General Insurance Company Nigeria Limited and emPle Life Assurance Limited.

NAICOM had announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, as part of his administration’s financial sector transformation agenda towards the attainment of a US$1 trillion economy by 2030.

The successful conclusion of the exercise marks a defining milestone in the transformation of Nigeria’s insurance industry and signals the beginning of a new era for insurance in the country.

Following the enactment of NIIRA 2025, the Commission commenced a structured implementation process to provide strategic oversight, ensure transparency, support operators throughout the transition, and facilitate the effective implementation of the new minimum capital requirements within the statutory compliance period.

To ensure an orderly, transparent, credible, and verifiable process, the Commission issued the Guidelines on the Implementation of Minimum Capital Requirements (MCR) for Insurance and Reinsurance Companies in Nigeria.

The Guidelines provided detailed guidance on the statutory minimum capital requirements under NIIRA 2025, eligible and ineligible capital instruments, admissible and non-admissible assets, verification and validation procedures, regulatory timelines, reporting obligations, and supervisory expectations throughout the implementation period.

The post FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators appeared first on Business Today NG.

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