News
AEDC raises alarm over cases of vandalism
The Abuja Electricity Distribution Plc (AEDC) has expressed serious concerns over increasing incidents of vandalism to its electrical assets and installations across its franchise area.
According to the company, these incidents have seriously impeded the company’s efforts to deliver a stable and reliable power supply to its esteemed customers.
The company’s Management explains that following its desire to ensure improved power supply, last year, it activated a rich basket of technical and commercial projects that would upon completion significantly improve power supply to customers and thereby enrich customer experience.
Some elements of these various projects involved the procurement and installation of various electrical equipment worth millions of Naira,.
Unfortunately, many of these installations are currently being vandalized across the network, causing serious power supply disruptions, untold hardship, and losses to its customers, and huge financial and reputation losses to the company.
The Chief Marketing Officer, Donald Etim in a statement, condemns the acts of the plunderers stating that the surge in cases of vandalism within our franchise area has become quite worrisome, especially so because these vandals lately; increasingly utilize unfathomable methods to perpetrate their criminal acts.
Recently, One Hundred and Eighty-Five (185) meters of XLPE underground cable was carted away at the Central Business Area, Abuja FCT, valued at over 5 million Naira at just one location out of several others that have been similarly affected across our franchise.
The multiplier effect of these damages runs into billions of naira.
According to Mr Etim, AEDC will not relent on its efforts to ensure it provides adequate uninterrupted power supply hence the company’s continued investments in network upgrades, refurbishment of faulty transformers, procurement of new transformers as well as the construction of new feeders and lines to relieve existing ones.
Benson Upah, spokesperson for the Nigeria Labour Congress (NLC), has cautioned that Nigerians might eventually face petrol prices of N5,000 per litre.
In an interview with Weekend Trust, Upah criticized the recent increase in fuel pump prices and argued that it contradicts the agreement previously made between the NLC and President Bola Tinubu’s administration.
He asserted that the Federal Government’s claims of restoring the fuel subsidy are untrue.
Upah remarked, “The subsidy was never reinstated as they have stated. So, what justifies the rise in pump prices from N650 to N1,500 or even N2,000?
“This situation suggests that we might not have seen the worst yet. There is a possibility that fuel prices could reach N5,000 per litre. We hope it doesn’t come to that, but if it does, it will be up to Nigerians to make the decision.”
The Nigerian Education Loan Fund (NELFUND) has announced the receipt of a two million Naira bank draft from Adegboyega Awomolo, SAN, a former student loan beneficiary.
This information was disclosed in a statement by Monalisa Dike from the Corporate Communications Department of NELFUND on Friday in Abuja.
Dike noted that Awomolo had received the loan during his undergraduate studies at the University of Ife (now Obafemi Awolowo University) from 1975 to 1977.
She mentioned that Awomolo had fully repaid the loan, showing his strong commitment to the country.
“The original loan amount was N1,000 for two academic sessions, which played a crucial role in his completion of the law degree.
“Although Awomolo had attempted to repay the loan several times over the years, he was only able to settle it now.
“In his letter to NELFUND’s Managing Director, Mr. Akintunde Sawyerr, Awomolo expressed his appreciation for the student loan opportunity provided by the Nigerian government,” Dike said.
She added that Awomolo praised the transparency and accountability NELFUND has shown in managing student loans.
Dike emphasized that Awomolo’s repayment highlights the enduring impact of President Bola Tinubu’s initiative and NELFUND’s continued importance in supporting Nigerian students.
She also mentioned that the repaid funds will be used to support the education of current students in need of loans.
The Niger Delta Development Commission (NDDC) has issued a warning to the public about scammers pretending to represent the NDDC Youth Internship Scheme.
The NDDC also noted that registration for the scheme ended on August 31, 2024.
This information was released in a statement on Friday by Seledi Thompson-Wakama, Director of Corporate Affairs at the commission, and shared with DAILY POST.
The statement reads, in part: “We have received reports of individuals receiving unsolicited messages claiming they have been selected for the NDDC Internship Scheme, which includes requests for personal information and an acceptance fee.
“The NDDC does not charge any fees for placing qualified youths in its internship programme. We want to make it clear that these fraudulent selection messages are not affiliated with the NDDC.
“Any official communication from us will only come through our verified websites and social media channels. If you receive a message like this, please ignore it and report it to the relevant authorities. Your safety and privacy are our top priorities.
“For genuine inquiries about our empowerment programs, please contact us directly through our official channels.”
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