‘GenCos sell cheap power to neighbouring countries’ - Newstrends
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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’

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Wike Clarifies ‘Shoot’ Remark About TV Anchor

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Federal Capital Territory (FCT) Minister, Nyesom Wike
FCT Minister, Nyesom Wike

Wike Clarifies ‘Shoot’ Remark About TV Anchor

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has moved to quell the controversy trailing his recent remarks about Seun Okinbaloye of Channels Television, insisting that his comments were taken out of context and never intended as a threat.

Wike had sparked public outrage after stating during a media engagement that he would have “broken his TV screen and shot” the television anchor over comments suggesting that a one-party system could undermine Nigeria’s democracy. The remark drew swift condemnation from civil society groups, including Amnesty International, which described the statement as “reckless and violent.”

However, in a statement issued on Saturday and signed by his media aide, Lere Olayinka, the minister said the comment was merely a figure of speech expressed in anger and not a literal threat.

According to the statement, Wike had already clarified his position during the same live television programme where the remark was made, stressing that he had no intention whatsoever of harming Okinbaloye.

“The minister never meant that he would shoot Seun Okinbaloye,” the statement read. “They even spoke on the phone today, and he (Okinbaloye) clearly understood what the minister meant.”

Olayinka explained that Wike’s frustration stemmed from what he perceived as a departure from journalistic neutrality by the anchor, whom he said the minister holds in high regard.

“What the minister meant, which he made clear during the media chat, was that he was displeased seeing Okinbaloye—whom he respects as a journalist—descending into the political arena by speaking as an interested party, rather than maintaining the role of an interviewer,” the statement added.

The aide further described the controversial remark as “hyperbolic,” noting that it was an exaggeration used to emphasise the minister’s displeasure and not an expression of violent intent.

He also pointed out that other journalists present during the interview, including Chamberlain Uzor, reportedly treated the comment lightly, with laughter following Wike’s clarification on air.

“Even after the minister explained himself during the live programme, including stating clearly that he did not mean he would carry a gun to shoot the anchor, the context was well understood by those present,” Olayinka said.

The statement accused critics of deliberately misrepresenting the minister’s words for political purposes, warning against what it described as attempts to weaponise the comment for “blackmail and propaganda.”

“The public is therefore urged to disregard attempts by individuals or groups to twist the minister’s statement out of context in pursuit of political gains,” the statement concluded.

The incident has continued to generate debate within Nigeria’s media and political space, raising broader concerns about the tone of public discourse and the responsibilities of public officials in their engagements with the press.

Wike Clarifies ‘Shoot’ Remark About TV Anchor

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Autopsy Confirms Destiny Boy Died from Toxic Substances

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Afrofuji singer Afeez Adesina, popularly known as Destiny Boy
Afrofuji singer Afeez Adesina, popularly known as Destiny Boy

Autopsy Confirms Destiny Boy Died from Toxic Substances

The tragic death of 22-year-old Afrofuji singer Afeez Adesina, popularly known as Destiny Boy, has been clarified following the release of his official autopsy report. The findings confirm that toxic substances, including tramadol and methamphetamine, were present in his system and played a critical role in his untimely passing.

Destiny Boy passed away on January 17, 2026, a loss that sparked intense speculation on social media, with videos circulating showing his body being transported to a mortuary. These clips fueled public concern and rumours about the circumstances of his death. (pmnewsnigeria.com)

According to the Ogun State Police Command, the Homicide Section of the State Criminal Investigation Department (SCID) carried out the autopsy. The toxicology report detected dangerous levels of tramadol, its metabolites, and methamphetamine in Destiny Boy’s body. The official cause of death was determined to be aspiration pneumonitis, a severe lung inflammation resulting from the ingestion of these substances. (lindaikejisblog.com)

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DSP Babaseyi Oluseyi, Police Public Relations Officer, confirmed that at least one suspect has been arrested in connection with the singer’s death and that investigations are ongoing. The police emphasized that the case remains under careful examination to determine all contributing factors.

Destiny Boy, who first gained recognition in 2019 for his Fuji rendition of Davido’s “If”, later covered popular tracks by Tekno, 2Baba, 9ice, and Small Doctor. His original songs, including Lamba, One Transaction, Gbese, Billion Dollar, Mio Gbonkankan, and Lowkey, solidified his rising fame in Nigeria’s music industry. He also welcomed his first child with partner Iremide in November 2024.

The autopsy report has provided much-needed clarity after months of uncertainty and public debate surrounding Destiny Boy’s sudden death, highlighting the dangers of substance misuse among young entertainers. Fans and industry colleagues have expressed deep sorrow while advocating for awareness on drug safety and mental health support in the entertainment industry. (tell.ng)

Autopsy Confirms Destiny Boy Died from Toxic Substances

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DHQ Reveals Over 60% of Terrorist Fighters Not Ideologically Driven

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Brigadier General Yusuf Ali, National Coordinator of Operation Safe Corridor (OPSC)
Brigadier General Yusuf Ali, National Coordinator of Operation Safe Corridor (OPSC)

DHQ Reveals Over 60% of Terrorist Fighters Not Ideologically Driven

The Defence Headquarters (DHQ) has disclosed that more than 60 percent of terrorists and armed fighters in Nigeria are not motivated by ideology, but are individuals who were coerced, abducted, or caught up in conflict dynamics. The military says this highlights the need for tailored deradicalisation, rehabilitation, and reintegration programmes to address insecurity across the country.

Brigadier General Yusuf Ali, National Coordinator of Operation Safe Corridor (OPSC), revealed during a press briefing in Abuja that many individuals surrendering from armed groups such as Boko Haram and its splinter factions are low-risk combatants often forced into violent networks due to survival, economic pressures, or coercion. According to OPSC data, thousands of former fighters have been successfully rehabilitated and reintegrated into society since the programme’s inception in 2016.

Launched in 2016, Operation Safe Corridor is a federal government-led non-kinetic counter-insurgency programme coordinated by the DHQ in collaboration with agencies including the Ministry of Justice and Nigeria Police. The initiative encourages voluntary surrender, provides deradicalisation training, and facilitates reintegration into civilian life.

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General Ali emphasised that the programme is evolving to address regional realities and cater to the specific needs of affected communities. He said new plans include establishing Victims’ Rehabilitation and Reintegration Camps in the North-West and North-Central regions, such as the DRR camp in Tsafe, Zamfara State, and a planned facility in Benue, to help victims of violent extremism recover from trauma, displacement, and loss.

“The programme is evolving to become more victim-sensitive,” Ali said. “Sustainable peace cannot be achieved if victims of conflict feel neglected. Many live with deep psychological scars, and addressing that trauma is as important as rehabilitating ex-combatants.”

The OPSC Coordinator also stressed that misconceptions about the programme persist. He clarified that OPSC is not amnesty, not a shortcut to evade justice, and not a recruitment pathway into the Armed Forces. The government is working to enhance public understanding through stakeholder engagement, media campaigns, and partnerships with agencies such as the Office of the Special Presidential Envoy on Reconstruction and Rehabilitation.

Experts say that understanding that the majority of fighters are not ideologically committed could help shape more effective deradicalisation and reintegration strategies, addressing root causes like coercion, poverty, lack of education, and social exclusion. The DHQ’s findings underscore the importance of combining military operations with community-focused rehabilitation to achieve lasting peace in conflict-affected regions.

DHQ Reveals Over 60% of Terrorist Fighters Not Ideologically Driven

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