Thursday, july 14, 2016 binder1

Page 1

Court declares 45% electricity tariff hike illegal, reckless lNLC hails ruling, asks DISCOS to revert to old rates Akeem Nafiu and Yekeen Nurudeen

J

ustice Mohammed Idris of a Federal High

Court in Lagos yesterday declared illegal and ‘procedurally ultra vires, irrational, irregular’ the hike in electricity tariff

announced in July 2015 by the Nigerian Electricity Regulatory Commission (NERC). Besides, the court said

the hike in the electricity tariff was not only procedurally defective and a breach of EPSRA 2005, but “clearly hasty, reckless and

irresponsible." The Muhammadu Buhari administration had, last year, increased the electricity tariff in the country by 45 per cent. Minister of Power,

Works and Housing, Mr. Babatunde Fashola, and the regulatory agency, NERC, had insisted that there was no going back on the tariff hike. CONTINUED ON PAGE 4

Sanctity Of Truth

NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS

Thursday, July 14, 2016

DSS kills mother-of-five on Kaduna-Abuja Expressway }8

/newtelegraph /newtelegraph

Vol. 3 No. 8746

Daura

NGE: Kalu lauds Egbemode’s emergence as }6 acting president

Reps move to criminalise non-payment of salaries }6

@newtelegraph1 www.newtelegraphonline.com @newtelegraph1 www.newtelegraphonline.com

FG hires 18 firms for forensic audit of MDAs }4

N150

I’ve powers to prosecute Saraki, Ekweremadu –AGF Egbemode

Dogara

Adeosun

SGF, Senators clash over constituency projects Plot to impeach Buhari, a huge joke –APC }5 & 6 Police release seven-year-old boy from detention after two months }8

Chibuike

EFCC seals off estate firm over $200bn scam }2

FG under pressure to probe Buratai Agency closes in on ex-governor

L-R: Chief of Air Staff, Air Marshal Sadique Abubakar; Lt Gen Tukur Yusuf Buratai; President Muhammadu Buhari and aide de camp (ADC) to the president, Lt. Col. Lawal Abubakar, during the 2016 Nigerian Army Day celebration in Dansadau, Zamfara State …yesterday

Cigarette butts, threat to environment –Study }7


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Thursday, july 14, 2016 binder1 by Newtelegraphonline - Issuu