The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit at the Abuja federal high court against the Buhari administration and the Central Bank of Nigeria. The organization wants the government and the central bank to publish names of Nigerians who were beneficiaries of the cash, food and other palliatives during the covid-19 lockdown in Abuja, Lagos and Ogun states.
The group wants the court to force minister of humanitarian affairs, Sadiya Umar Farouq, and central bank governor, Godwin Emefiele, to publish details of how it spent or distributed public funds and private sector donations that were meant to provide socio-economic benefits to the country’s poorest and most vulnerable citizens.
The group says publishing such a list would erase any perception that the reliefs, funds and donations are not reaching intended beneficiaries. SERAP says such a perception could undermine public trust and the integrity of the entire processes and modes of distribution of relief and benefits to vulnerable Nigerians.
No date has been fixed for hearing the suit.
TCN Says Nigeria Needs N1TRN To Stabilize National Grid
The Transmission Company of Nigeria says the country must fork out a lot of money, one trillion naira to be exact, if it is to stabilize the national grid.
The company’s executive director Victor Adewumi, dropped this bomb on Wednesday during the fifty-second power dialogue of the Nigeria electricity hub.
He said the one and a half trillion dollars inflow into the company from international agencies is not enough to stabilize the grid. He said with internal financing through its internally generated revenue and federal government input, TCN would still require at least six hundred billion naira. He said, when the two are combined, about one trillion naira would be needed to accomplish the goal.
Adewumi said that kind of money does not flow into TCN at the moment because distribution companies, discos, are not paying TCN the required monies. Adewumi said TCN is getting below sixty percent of its tariff.
The TCN boss said the alternative funding avenue is to explore project financing, where financiers would fund specific areas of TCN operations, like transmission lines. Those financiers would get their money back over a period of time, based on the cost of energy that is ultimately wheeled on those lines.
IGP Blames Fakes News For Massive Destruction During EndSARS Protests
Inspector-General of Police, Muhammed Adamu has laid the blame for EndSARS destruction, at the tail end of the otherwise peaceful protests, on fake news, which he says is inimical to the growth and unity of the country.
Adamu made the charge while visiting the Nigeria Police Command in Ondo State. He said one of the goals of the EndSARS protesters was to destabilize the current government although he provided no proof to the charge.
Adamu praised the police for showing respect to human lives during the protests across the country.
The IGP wrapped up his visit with a courtesy call on the state governor Rotimi Akeredolu.
Fashola To APC: Respect Your Zoning Plan In 2023
Minister of works and housing, Babatunde Fashola, has advised leadership of the All Progressives Congress (APC) to respect its zoning formula in picking a presidential candidate for the 2023 elections.
Fashola says this is the core of the agreement by APC founding fathers before the 2015 elections.
The minister said although zoning is not in the party’s constitution, party leaders had agreed on the zoning when the party was being formed.
Fashola has also advised party members to support the Mala Buni-led caretaker, extra-ordinary, convention committee, which he described as a product of necessity.
He says the caretaker committee must be respected because it is a by-product of the leadership crisis that engulfed the party.