We Bring You Latest Worthwhile News That Enrich, Teach, Motivate and Restore Hope.
Search This Blog
BEDC MD ARRESTED, ALLEGES THREAT TO LIFE
DisCos takeover: BEDC MD Osibodu arrested, alleges threat to life
Managing Direction of Benin Electricity Distribution Company (BEDC) Plc, Mrs. Funke Oshibodu,
The embattled Managing Direction of Benin Electricity Distribution Company (BEDC) Plc, Mrs. Funke Osibodu, has raised the alarm over alleged threat to her life, following her arrest by police operatives, over alleged trespass of the company’s premises.
Osibodu who who disclosed this to journalists in Benin on Tuesday, confirmed that she was forcefully arrested and taken to the State Police Command headquarters.
She disclosed that some armed policemen broke into her office at the company’s head office in Benin City, Edo State.
The development is not unconnected with the takeover of the energy distribution company by the federal government.
The BEDC boss who insisted that a valid court order dated 8 July, 2022, restrained Fidelity Bank, one Henry Ajagbawa and the Nigeria Electricity Regulatory Commission (NERC), Bureau of Public Enterprise and others from taking over BEDC management.
“On Monday, some persons came here with guns and said they were police from Abuja. They (police) forced themselves into the compound, arrested the security men here and broke into my office.
The police asked me to follow them to the police headquarters. I followed them.
“When I got to the station, they told me there’s a petition against me, indicating that I was trespassing in BEDC, in addition to threat to life.
“They took my statement and I showed them the court documents.
Somebody marched into the building to say I have been asked to takeover. If there’s a threat to life. It’s to my life,” she said.
Commenting further, Mrs. Osibodu said the company recorded a N750 million loss in revenue collection within one month after the “forceful takeover of the company”.
According to her, “During the period when we were away for one month [takeover], this company lost N750 million. The collection level went down. And if you don’t pay the people selling power, we will not get enough power because we are just distributors.”
It would be recalled that controversy has trailed the reported activation of the call on the collateralised shares of BEDC Electricity by Fidelity Bank over alleged inability to repay loans obtained to acquire majority stakes in the DisCos in 2013.
However, the BEDC management had maintained that “Vigeo Holdings Limited (VHL – a non-shareholder of BEDC) obtained credit facilities from Stanbic IBTC Bank Limited, Fidelity Bank Plc, and Keystone Bank Plc
The management further stated that “it is the core investor, Vigeo power that has 60 percent share in BEDC”.
Hackers steal nearly $100m in Japan crypto heist IMAGE SOURCE, Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of cryptocurrencies to take place in recent days. Last week, digital token platform Poly Network was at the centre of a $600m heist. "WE ARE SORRY TO ANNOUNCE THAT #LIQUIDGLOBAL WARM WALLETS WERE COMPROMISED, WE ARE MOVING ASSETS INTO THE COLD WALLET," THE COMPANY SAID ON TWITTER. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure.
Countries Accepting Nigerians Seeking Second Citizenship Nigerians are able to access the following citizenship and immigration programs: The Caribbean Second Citizenship Programs, Caribbean nations like St. Kitts & Nevis, St. Lucia and Grenada offer second citizenship through their respective Citizenship-by-Investment programs. A holder of one of these passports may travel visa free to about 135 countries, including all European Union countries, the UK, Russia, Turkey, Singapore and Hong Kong. Holding a citizenship from one of these respected countries may also make it easier to obtain residency status or study in other countries, and allows political security and makes it easier to open bank accounts in foreign jurisdictions. To qualify, an applicant needs to be of good reputation and make a government donation of at least $100,000 USD after approval of their citizenship application. Approval of a Citizenship-by-Investment application normally takes about 3 months, and all de
Sharia Court Sentences Kannywood Actress To Six Months In Islamic School The actress, Sadiya Haruna was handed the sentence on charges of “indecent social media postings.” Credit: Instagram | Sadiya Haruna The actress, Haruna, a resident of Kabuga Quarters was initially arrested on Friday by the Head of Surveillance Department of Kano State Hisbah Board, Malam Aliyu Usman. She was then detained in the custody of the Islamic police until early Monday when she was brought before the Sharia court sitting in Sharada area of the state. According to the First Information Report (FIR) filed against her, she was alleged to have consistently posted indecent videos in which she was dancing seductively and making sexual comments on her social media handles and YouTube channel. The accused person pleaded guilty to a one-count charge of obscenity and indecent act, which contradicts section 355 of Penal Code Law 2000. The presiding judge, Justice Ali Jibril Danzaki thereafter convicted her a