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Reps Order DISCOs To Refund N55.42bn NMMP Loan

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By EricJames Ochigbo

 

The House of Representatives has directed 11 electricity distribution companies to refund N55.42 billion obtained under the National Mass Metering Programme (NMMP).

 

Lawmakers on Thursday adopted a committee report giving the DISCOs a seven-month deadline to repay the loan to the Central Bank of Nigeria.

 

Presenting the report, Chairman Uchenna Okonkwo said the probe followed the committee’s mandate and found the metering scheme failed to achieve expected outcomes.

 

Okonkwo said the programme, introduced in 2020, aimed to close metering gaps, promote local manufacturing, curb losses, and end estimated billing practices.

 

He listed beneficiaries as Abuja, Eko and Enugu distribution companies, alongside Ibadan, Ikeja and Jos electricity distribution companies.

 

Others include Kano and Yola distribution companies, among the 11 firms that received disbursements under the intervention scheme.

 

Okonkwo said the committee engaged the Central Bank, Meristem Wealth Management, NESI-SSL, NERC and other stakeholders during the investigation.

 

“The report indicates the programme, initiated in 2020, was to be implemented in three phases.

 

“N59.28 billion was earmarked for the 11 companies, repayable at nine per cent interest, with six per cent to financiers and three per cent to the CBN.

 

“The investigation revealed DISCOs received N55.42 billion, leaving N3.85 billion unaccounted for,” he said.

 

The chairman raised concern over a clause granting Meristem Wealth Management 0.5 per cent of DISCO collections annually until 2030.

 

He said the firm had already received N450 million for its services, a development the committee strongly criticised.

 

The committee recommended the firm provide its profile, structure and detailed report on work done under the metering programme.

 

Following adoption, the House approved creating a loan recovery committee by the CBN and NERC to recover funds from beneficiaries before 2026. (NAN) (www.nannews.ng)

EOO/KTO

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Edited by Kamal Tayo Oropo

 

 

 

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APC Election Officials Break Silence on Pankshin/Kanke/Kanam Primary Dispute

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Controversy surrounding the All Progressives Congress (APC) House of Representatives primary election for the Pankshin/Kanke/Kanam Federal Constituency has taken a new turn, with officials who conducted the exercise alleging attempts by some aggrieved aspirants to undermine the credibility of the election.

The allegations were made on Tuesday during a press briefing in Jos by members of the Forum of Ward Presiding Officers, Local Government Collation Officers and Constituency Collation/Returning Officers.

Speaking on behalf of the forum, its Chairman, Chinwatda Tapar, claimed that some aspirants approached election officials after the May 16, 2026 primary and urged them to sign affidavits containing accounts that contradicted what transpired during the exercise.

According to Tapar, some officials were allegedly offered financial inducements, while others faced intimidation and sustained pressure in a bid to secure their cooperation.

“Our duty was to conduct a free, fair and credible election, not to become instruments in any post-election effort aimed at distorting the truth,” he said.

Tapar explained that the election officials were appointed by the APC National Secretariat through the committee constituted to conduct the party’s 2026 National Assembly primary elections in Plateau State, headed by Hon. Stella Okotete.

He stated that the committee deployed them to oversee the Pankshin/Kanke/Kanam Federal Constituency primary, which, according to him, was conducted peacefully, transparently and in compliance with the APC constitution and electoral guidelines.

He maintained that the election produced a winner who was duly declared and returned after the collation of results.

The forum further disclosed that it had retained information relating to the alleged approaches made by the aggrieved aspirants and would present the evidence to law enforcement agencies, the APC leadership or any court of competent jurisdiction if required.

The officials urged party members and stakeholders to channel any grievances arising from the primary election through lawful and democratic processes rather than attempting to influence election officials.

“Our responsibility as Ward Presiding Officers, Local Government Collation Officers and Constituency Collation/Returning Officers ended with the successful conduct of the primary election and the declaration of its outcome,” Tapar added.

The forum reaffirmed its commitment to truth, fairness, due process and the democratic principles of the APC, insisting that it would not participate in any effort to compromise the integrity of the primary election or distort the facts surrounding its conduct.

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2027: Oyo ex-Deputy governor, Arapaja dumps Makinde, meets APC chieftains

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Reports reaching DAILY POST from the camp of a former deputy governor of Oyo State, Alhaji Taofeek Arapaja, indicate that Arapaja has perfected plans to join the All Progressives Congress, APC, ahead of the 2027 general elections.

It was gathered that the planned defection is coming a few hours after the former lawmaker met President Bola Tinubu.

Arapaja met Tinubu in Abuja two days ago, after which he also met some chieftains of APC from Oyo State at his residence in Abuja on Tuesday.

The meeting was attended by the gubernatorial candidate of APC in the state, Barrister Sharafadeen Alli, deputy gubernatorial candidate, Mr Adesoji Adedeji and Oyo South Senatorial candidate of the party, Hon Aderemi Oseni, Arapaja’s loyalists and supporters; and other notable personalities from the State.

Sources at the meeting disclosed it centred on the planned defection of Arapaja to APC.

Both Makinde and Arapaja belong to the same faction of PDP until recent moves by Arapaja to join APC.

Arapaja has been a close ally of Makinde since the inception of his administration in 2019.

He had earlier served as National Vice Chairman (South West) and later served as Deputy National Chairman (South) for the Peoples Democratic Party, PDP.

He also serves as National Secretary of a PDP faction loyal to Makinde.

Arapaja, who hails from Idi Arere in Ibadan, has been in active politics since the inception of this current fourth republic in 1999.

He served as Chairman of Ibadan South East Local Government Area between 1999 and 2002.

Arapaja represented Ibadan North East/ Ibadan South East federal constituency on the platform of PDP between 2003 and 2007 and later served as Deputy Governor when the late Adebayo Alao-Akala was the Governor between 2007 and 2011.

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