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Why Reps Opposed FG’s N309bn Bond to Finance Electricity Market —Dogara

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SPEAKER of the House of Representatives, Yakubu Dogara, said, yesterday, that the National Assembly, specifically, the House of Representatives, took the resolution to halt the plan to raise a Federal Government-Secured Bond of N309 billion to finance the shortfall in the Nigerian electricity market because since the unbundling of PHCN and transfer of  businesses to privately-operated successor companies in 2013, there had been no good report from the market.

Dogara said statistics had shown an abysmal situation of things, stressing that if the trend was allowed to continue, there might be need for a fundamental re-thinking of the privatization process in Nigeria.

The speaker stated this when he declared open the investigative public hearing on the need to halt the plan to raise a Federal Government-Secured Bond of N309 billion to finance the shortfall in the Nigerian electricity market.

He said: “This public investigative hearing has been convened, sequel to the resolution of the House of Representatives requesting a halt to the plan of the Federal Ministry of Power and Nigerian Bulk Electricity Trading Company Plc, NBET, to raise a Federal Government-Secured Bond of N309 billion to finance the  shortfall in the Nigerian electricity market.

“The whole essence of the Federal Government embarking on the privatization of the defunct Power Holding Company of  Nigeria, PHCN, and the electric power sector reform programme was to bring about efficiency to the Nigerian electricity supply industry.

“Unfortunately, since the unbundling of PHCN and transfer of the businesses to the privately-operated successor companies on November 1, 2013, we have not had a good report from the Electricity Market.

“The statistics show an abysmal situation of things and if this trend continues, there may need to be a fundamental re-thinking of the privatization process in Nigeria.”

Source: Nigeria Today

 

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Adeniyi Johnson Urges Leniency for Naomi Silekunola After Tragic Stampede Incident

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Adeniyi Johnson Urges Leniency for Naomi Silekunola After Tragic Stampede Incident

Adeniyi Johnson Urges Leniency for Naomi Silekunola After Tragic Stampede Incident

 

Nollywood actor Adeniyi Johnson has called on authorities to show compassion and leniency in the case involving Naomi Silekunola, the former wife of the Ooni of Ife, following a tragic incident that claimed the lives of over 30 children. Naomi, who had organized an event aimed at giving back to the community, found herself at the center of a devastating stampede, which led to her detention by the police along with several others involved in the event’s planning.

Adeniyi Johnson Urges Leniency for Naomi Silekunola After Tragic Stampede Incident

 

In a heartfelt Instagram post, Adeniyi expressed his condolences to the families affected by the tragedy, offering prayers for strength and comfort in their time of loss. He also spoke out in defense of Naomi, acknowledging her noble intentions and her well-known charitable nature.

“My heart goes out to the families of the lost ones; no family deserves such pain at any time,” he wrote. “I pray the good Lord grants you the strength to bear this unimaginable loss. Amen.”

Adeniyi went on to emphasize that Naomi’s actions were driven by kindness, noting her good intentions in organizing the event. “My heart and prayers go to @queen_silekunolanaomi_ogunwusi, whose intentions were never to harm but to give and provide for others,” he continued. “This time shall pass, and the God of your good deeds will speak for you, restore you, and bring you back stronger.”

 

The actor also highlighted the generous spirit of the people of Ondo State, from where Naomi hails, stating that the tragic incident was a reflection of her community’s compassionate values. “We, the people of Ondo State, are known for our kindness and generosity, which clearly motivated Naomi to put the program together,” Adeniyi added. “I pray God sees you through this challenging time and restores you to even greater strength.”

Concluding his post, Adeniyi called for the authorities to consider the tragic circumstances surrounding the event while upholding justice. “I know that the law must be upheld, but we beseech the authorities to temper justice with mercy and look beyond the incident to the goodwill behind it,” he wrote. “GOD BLESS NIGERIA.”

Naomi’s supporters have rallied around her, hoping for a fair and compassionate resolution to the matter as investigations continue into the tragic stampede.

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May Edochie Celebrates Major Milestone with Range Rover Unveiling

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May Edochie Celebrates Major Milestone with Range Rover Unveiling

May Edochie Celebrates Major Milestone with Range Rover Unveiling

 

In a heartwarming display of hard work and resilience, Nigerian entrepreneur and influencer, May Edochie, marked a significant achievement in her life as she unveiled her newly acquired Range Rover SUV. The estranged wife of Nollywood actor Yul Edochie shared this proud moment with her followers on Instagram, inviting them into her world as she took her first drive in the luxury vehicle.

May Edochie Celebrates Major Milestone with Range Rover Unveiling

 

In the video, May can be seen beaming with joy as she cruises through the quiet streets of Lagos. The city’s usual hustle and bustle seemed to fade into the background as she reflected on the journey that brought her here. Her success was not just the result of luck but a reflection of tireless dedication, sleepless nights, and a determination to achieve her dreams.

 

With gratitude in her heart, May wrote in her post, “I finally decided to take this baby out for a memorable first drive and connection. Woke up today convinced that I should be proud of myself at least and enjoy this new blessing from the Almighty, which came with a great deal of working relentlessly, sleepless nights, dedication, and focus. Every penny… my hard-earned sweat.”

 

Her words resonated deeply with her fans, who flooded her comment section with praise and admiration. Many were inspired by her resilience, seeing her as a beacon of strength and motivation, particularly during the holiday season.

 

May also took the opportunity to wish her followers a Merry Christmas, affectionately calling out to her “May Nation Community” and sharing a humorous note about the quieter streets of Lagos as many people headed east for the holidays. “The streets of Lagos are looking different today,” she laughed in the video, “everyone’s heading out for the holidays. I’m here, enjoying my drive and reflecting on how far I’ve come.”

 

In closing, she shared a prayer and a message of hope: “May the Lord bless us all accordingly. 🙏”

Fans rallied around her, sending congratulations, holiday wishes, and encouragement as they celebrated her accomplishment. For May, this new milestone was not just about the car; it was a testament to her unwavering commitment to her success and the blessings she has received along the way.

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A post shared by May Yul-Edochie (@mayyuledochie)

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Victor Osimhen Ends Year in Style with 2022 Lamborghini Urus Purchase

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Victor Osimhen Ends Year in Style with 2022 Lamborghini Urus Purchase

Victor Osimhen Ends Year in Style with 2022 Lamborghini Urus Purchase

 

Nigerian football sensation Victor Osimhen has made headlines once again, capping off an impressive year with the acquisition of a 2022 Lamborghini Urus, a luxurious high-performance SUV. This latest addition to his collection reflects Osimhen’s penchant for the finer things in life, solidifying his status as one of football’s most flamboyant stars.

 

Victor Osimhen Ends Year in Style with 2022 Lamborghini Urus Purchase

A Taste for Luxury

The announcement of Osimhen’s new car was made by Polanaco Exotic Cars, a prominent automobile company, through its official Instagram account. The post featured a sleek video showcasing the vehicle’s modernized and opulent exterior, highlighting its cutting-edge features and eye-catching design. The accompanying caption read: “Sold, congratulations Victor Osimhen 9.”

The Lamborghini Urus, renowned for its blend of luxury and performance, boasts a 4.0-liter twin-turbocharged V8 engine, delivering a staggering 641 horsepower. With a top speed of 190 mph and the ability to accelerate from 0 to 60 mph in just 3.6 seconds, the Urus is one of the fastest SUVs in the world.

 

Private Jet Rumors

This news comes amid reports that Osimhen has also recently acquired a private jet, further cementing his image as a football star who spares no expense in enjoying the rewards of his hard work. While details about the private jet remain unconfirmed, the buzz around these acquisitions has captivated fans and followers alike.

Rising Star and Role Model

Victor Osimhen has had a stellar year both on and off the pitch. The Napoli striker’s exceptional performances have earned him recognition as one of Europe’s top forwards, with numerous accolades and record-breaking achievements to his name. Off the field, his lifestyle choices and philanthropic efforts have made him a role model for many young football enthusiasts.

Social Media Frenzy

Fans and admirers have taken to social media to celebrate Osimhen’s success, praising his achievements and sharing their excitement over his latest purchase. The Instagram post by Polanaco Exotic Cars quickly went viral, with thousands of likes and comments congratulating the football star.

Conclusion

Victor Osimhen’s acquisition of a 2022 Lamborghini Urus is a testament to his hard work, talent, and success. As he continues to shine on the football stage, his growing collection of luxury assets reflects a life well-lived and a career on the rise. Football fans around the world eagerly await what the new year holds for this extraordinary athlete.

 

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