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‘GenCos sell cheap power to neighbouring countries’

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‘GenCos sell cheap power to neighbouring countries’

Some electricity Generating Companies (GenCos)  sell electricity to neighbouring countries at a  lower cost than the Distribution Companies (DisCos) in Nigeria, a document obtained at the weekend by The Nation has shown.

Although the document did not show the price differentials, it said the errant GenCos were carrying “unregulated sales or secret deals” to earn foreign exchange at all cost”  and in defiance of an existing  Federal Government directive.

The GenCos are also said to be sidelining the Nigerian Bulk Electricity Trading Plc (NBET), a government agency in charge of the novation of international agreements. There are 24 registered GenCos in the country.

The Federal Government has been losing revenue from the sales of electricity to the neighbouring, it was learnt.

According to the document, in Q2 and Q4 of 2022, about $16.92 million in invoices were exchanged between GenCos and international customers in Niger, Benin  Republics and Togo.

 The  Federal Government in 2019 streamlined the sale of electricity to foreign or neighbouring countries.

Investigation showed the breaches by the few GenCos include the violation of the transfer Order made pursuant to Section 10 of the Electric Power Sector Reform Act (EPSRA) by the National Council on Privatisation (NCP).

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Worried by non-adherence to International Power Sale Agreement (IPSA), the administration of ex-President Muhammadu Buhari waded in to guide the GenCos.

In a memo dated  July 12, 2019, the Presidency directed   NBET  to oversee IPSA.

An industry source, who spoke on the development, called on President Bola Tinubu to  take  ”a serious look at the breaches being committed by the  GenCos on international power sales“

The source, who declined to be named, said:  ”What has been happening is the sidelining of NBET. Electricity is now being sold to neighbouring countries in an unregulated way.

“Buhari had directed that all international sales and purchase agreements must be negotiated directly with  NBET  unless otherwise approved by him ( ex-President).

“The directive became necessary in order to align with the configuration of the Nigerian electricity industry after privatisation. But this is not the case.

“The sales of electricity to foreign countries  were  backed up by international cooperation agreements between   Nigeria on the one hand and the Republic of Benin and Togo   for CEB (Communaute Electrique Du Benin) and   Niger Republic for NIGELEC (Societe Nigerine D’electricite)

“As a matter of fact, wheeling of electricity to these countries was being channelled through the network of the Transmission Company of Nigeria(TCN) as there is no dedicated network between the private generating companies and the foreign countries.

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“Prior to these directives and upon the commencement of the Transitional Electricity Market in February 2015, the TCN that received the proceeds of the sale of electricity to international customers began crediting the international customers’ receipts to the account of NBET for payment to GenCos while NBET in turn shares among all the GenCos in a transparent process and in accordance with the approved waterfall.

“The former President’s directive reinforced the earlier directive from the Federal Ministry of Power, Works and Housing to the TCN vide a letter referenced FMP/OPS/360/I dated September 7, 2016, but, despite these, Nigerians were made to purchase expensive energy by selling the cheapest ones to the foreign countries.”

Another source privy to the “secret deals”   said: “The quarterly reports released by the    Nigerian Electricity Regulatory Commission for 2022   reveal how a  few generating companies under the disguise of selling electricity to the international customers are milking Forex at the expense of other GenCos.

“The sales by the few GenCos are without any transparent procurement process known to any Nigerian Law.

“In 2022, Q 2 alone, the errant GenCos reaped in $7.98 million while $8.94 million invoice was exchanged between them for Q 4 of 2022.

“Part of the energy being sold to the international customers by Nigeria came from the Hydro Electric Generating Companies which is the cheapest cost of energy in Nigeria when compared with the thermal generating plants. The cost of energy from the latter is about six times the cost of the former.

“Prior to when the few GenCos cornered the forex from the international customers, inflows from such transactions were always shared among the entire GenCos in the portfolio of NBET to ameliorate the challenges   faced by them   in sourcing for foreign exchange.”

‘GenCos sell cheap power to neighbouring countries’

The Nation

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Bandits Demand Over ₦100m Ransom for 15 Abducted Islamiya Students in Niger

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Bandits Demand Over ₦100m Ransom for 15 Abducted Islamiya Students in Niger

 

Suspected bandits who abducted 15 students of an Islamiya school in Niger State have reportedly demanded more than ₦100 million for their release, heightening fears over the safety of the children and prompting fresh calls for urgent government intervention.

 

The victims were reportedly kidnapped while assisting their teacher, Malam Aminu Bako, in harvesting maize on his farm in Tungan-Bako village, Rafi Local Government Area of Niger State, during the weekend.

 

The teacher disclosed that the armed men had contacted community leaders to communicate their ransom demand, leaving parents and residents increasingly worried about the fate of the abducted children.

 

According to reports, the kidnappers initially believed the victims were students of government-owned schools. However, a parent, identified as Malam Adamu, said community representatives informed the abductors that the children attended an Islamiya school.

 

Adamu explained that the bandits had demanded more than ₦100 million before being informed about the actual identity of the school.

 

The teacher, who confirmed the ransom demand, also appealed to the Federal Government and Niger State Government to urgently intervene and ensure the safe return of the students.

 

Bako expressed concern that the children might be facing harsh conditions in captivity, revealing that information gathered through local vigilantes suggested they were still being held somewhere within Niger State.

 

According to him, the students were reportedly locked inside an isolated building guarded by heavily armed men.

 

“We heard that they were still within Niger State, locked in a building, probably without food. We are worried; we want the authorities to come to our aid to rescue them,” he said.

 

The teacher maintained that the situation required urgent intervention by the military and other security agencies, warning that community vigilantes might not have the capacity to confront the heavily armed kidnappers.

 

He also expressed dissatisfaction with what he described as the limited government presence since the incident, saying the affected families and school management had largely been left to depend on local vigilantes for information and assistance.

 

Bako disclosed that the acting chairman of Rafi Local Government Area and the Divisional Police Officer were the only government officials who had visited the community following the abduction.

 

He said the absence of further engagement from the state government had increased anxiety among parents, who had continued to approach him for updates on their children’s whereabouts and safety.

 

“We are also worried that nobody has visited us from the state government, at least to give us hope that something is being done to ensure their release,” he added.

 

The teacher consequently appealed to the authorities to demonstrate greater commitment towards securing the students’ freedom, stressing that the community needed more than assurances.

 

Meanwhile, the Niger State Police Command has confirmed the abduction, although its preliminary account differed slightly from the number of victims identified by the teacher.

 

The Police Public Relations Officer, SP Wasiu Abiodun, said suspected bandits invaded Tungan-Bako village and abducted some people working on a farm.

 

According to him, preliminary police information indicated that about 14 of the victims were Islamiya school students who had accompanied their instructor to harvest maize.

 

Abiodun, however, assured that joint security operations were ongoing to rescue the abducted persons.

 

The police assurance came amid concerns from residents, who maintained that local vigilantes were the only security personnel visibly involved in efforts to trace the abductors.

 

The Commissioner for Homeland Security in Niger State, Justin Maurice Magaji, was reportedly unavailable for comments when contacted, as he was attending a State Executive Council meeting.

 

The teacher subsequently released the names of the 15 students reportedly taken away by the bandits.

 

They are Hassana Isah, Aliya Ahmad, Hajara Musa, Hauwa’u Abubakar, Halima Yahaya, Asma’u Jamilu, Radiya Salisu, Aminatu Salisu, Aisha Bello, Rahinatu Sani, Aminatu Alhassan, Nafisa Ayuba, Bilkisu Adamu, Salaha Abdullahi and Hajara Salisu.

 

The reported discrepancy between the 15 names released by the teacher and the 14 Islamiya students mentioned in the police account has also raised questions about the exact number of victims.

 

The latest development has renewed concerns over the persistent activities of armed bandits in parts of Niger State, particularly attacks targeting rural communities and vulnerable residents.

 

For the families of the abducted students, however, the immediate priority remains the safe return of their children.

 

They are calling on the Federal Government, Niger State Government and security agencies to intensify rescue operations and ensure that the children are reunited with their families without further delay.

 

Bandits Demand Over ₦100m Ransom for 15 Abducted Islamiya Students in Niger

 

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FG’s N50,000 Relief: OPay Details Eligibility Check Process, Issues Strong Warning Against Scams

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BREAKING: OPay Warns Customers Against Viral Shutdown Message, Threatens Legal Action

FG’s N50,000 Relief: OPay Details Eligibility Check Process, Issues Strong Warning Against Scams

 

Lagos, Nigeria — Following the Federal Government’s introduction of the N50,000 relief package, leading financial technology platform, OPay, has released comprehensive guidelines on how customers can verify their eligibility for the funds. The company has simultaneously issued a stern warning to users regarding the rise of fraudulent schemes targeting beneficiaries.

 

In a statement released on Tuesday, November 3, 2026, and reported by Punch, OPay clarified the procedural steps for Nigerians to determine if they qualify for the government’s financial intervention. The move comes as millions of citizens seek clarity on accessing the relief aimed at cushioning economic hardship.

 

How to Check Eligibility

 

According to OPay, the verification process is designed to be seamless and accessible directly through the OPay mobile application. Customers are advised to log into their updated OPay app to access the dedicated section for the Federal Government’s relief program.

 

The fintech giant explained that users will be required to provide specific details to verify their status. Once logged in, customers can navigate to the designated “Government Relief” or notification tab where the eligibility checker is situated. The system cross-references the user’s verified identity (such as their Bank Verification Number, BVN, and National Identification Number, NIN) with government databases to confirm qualification.

 

Strict Warning Against Fraudsters

 

In a critical advisory, OPay warned customers to remain vigilant against scammers who are leveraging the news of the N50,000 relief to defraud unsuspecting citizens. The company emphasized that it will never ask customers to pay a fee or provide sensitive information over the phone to claim the relief.

 

“OPay urges all Nigerians to be cautious. The N50,000 relief is a government initiative, and no fee is required to check eligibility or receive funds,” a representative stated. “We will never ask for your OPay PIN, passwords, or OTPs via phone calls, text messages, or social media. Beware of fake links claiming to be from OPay or the government.”

 

Security Tips for Users

 

To ensure safety, OPay advised users to follow these guidelines:

 

· Use Only the App: Only check your eligibility through the official OPay mobile application.

· Protect Your Data: Never share your ATM card details, OPay PIN, or One-Time Passwords (OTPs) with anyone.

· Ignore Suspicious Links: Do not click on links received via SMS or WhatsApp claiming to offer the N50,000 relief.

· Verify Information: Always confirm information through OPay’s official customer service channels or verified social media pages.

 

The company reaffirmed its commitment to the financial security of its customers and stated that it is working closely with relevant government agencies to ensure a smooth and transparent disbursement process for eligible beneficiaries.

 

For those who may face difficulties checking their eligibility, OPay has encouraged customers to contact their customer care team through the in-app support feature.

 

FG’s N50,000 Relief: OPay Details Eligibility Check Process, Issues Strong Warning Against Scams

 

 

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‘I Went to My Pastor for Deliverance, Ended Up in Bed With Him’ – Lady Recounts Encounter

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‘I Went to My Pastor for Deliverance, Ended Up in Bed With Him’ – Lady Recounts Encounter

 

A Nigerian woman has sparked controversy on social media after recounting an alleged sexual encounter with her former pastor during a deliverance session.

 

The unidentified woman reportedly made the revelation during a video interview shared by social media platform NewsVista, claiming that what began as a visit to seek spiritual intervention eventually ended in a sexual encounter.

 

In the viral clip, the woman expressed confusion over how the incident happened, insisting that she still struggles to understand how a session she had expected to be devoted to prayer and deliverance turned into an intimate encounter.

 

The interview has since attracted attention online, with the allegation raising concerns about the relationship between religious leaders and members who approach them for spiritual guidance and counselling.

 

Although details surrounding the alleged incident remain unclear, the woman’s account has triggered discussions about the responsibility of religious leaders to maintain professional and ethical boundaries while attending to vulnerable members of their congregations.

 

Some social media users have criticised the alleged conduct, arguing that pastors and other religious leaders occupy positions of trust and should not exploit their spiritual authority or the vulnerability of people seeking assistance.

 

Others have called for religious organisations to strengthen accountability measures and introduce safeguards for private counselling and deliverance sessions.

 

However, the identity of the pastor, the church involved and the location where the alleged incident occurred have not been disclosed.

 

It is also unclear when the alleged encounter took place or whether the woman has made any formal complaint to the relevant authorities.

 

NewsTrends.ng cannot independently verify the circumstances surrounding the woman’s account. The allegation should therefore be treated as unverified pending further details or an official response from the person concerned.

 

The development has once again drawn attention to the need for accountability, transparency and appropriate boundaries in religious counselling, particularly where individuals place their trust in spiritual leaders for help with personal challenges.

 

‘I Went to My Pastor for Deliverance, Ended Up in Bed With Him’ – Lady Recounts Encounter

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