Saturday 16th July 2016

Page 1

Tariff Judgment, A Reversal of Commercial Foundation of Power Contracts, Says NERC Gas, hydro, coal, and solar feedstock for production of electricity affected, to appeal ruling

Chineme Okafor in Abuja The Nigerian Electricity Regulatory Commission (NERC) yesterday said it had appealed the judgement of a Federal High Court in Lagos which early this week declared as illegal, the

electricity tariff currently in use in Nigeria by the 11 electricity distribution companies (Discos), describing it as a major setback on the progress made in the country’s electricity sector. NERC’s acting Head, Dr. Anthony Akah told journalists

at a briefing in Abuja yesterday that while the commission respects the decision of the court, it would appeal the judgement because it represented a reversal of the commercial foundation on which power supply contracts in the sector

were built. Akah said the commission was dissatisfied with the judgement because it impinges on the ultimate destination of the power sector as a commercialised electricity market. He said: “It represents the

reversal of the commercial foundation upon which contracts for gas, hydro, coal, and solar feedstock for the production of electricity have been predicated. “The ultimate destination of a commercialised electricity market is to achieve stability

and adequacy in the supply of electricity to satisfy the yearning of Nigerians for adequate, safe and reliable electricity supply. “This judgement in our view is a setback to the progress made so far in the electric-

Continued on page 6

Court Gives Reasons Why it Ordered Ikpeazu to Vacate Office, Affirms Decision on Ogah ...Page 6 Saturday 16 July, 2016 Vol 21. No 7752 Price: N250

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House: Saraki, Dogara, not Beneficiaries of Immunity Bid Sex scandal committee ready to visit Entwistle

Damilola Oyedele in Abuja If the bid to include presiding officers of the National

Assembly and state houses of assembly, in the immunity clause through an amendment of Section 308 of the 1999 constitution, scales through,

Senate President Bukola Saraki and Speaker of the House of Representatives, Hon. Yakubu Dogara, and their deputies, will not be beneficiaries.

Rather, future presiding officers would enjoy immunity from civil and criminal prosecutions while they occupy offices.

The Chairman of the House Committee on Media and Public Affairs, Hon. Abdulrazak Namdas disclosed this yesterday while briefing newsmen.

Namdas dispelled speculations that the proposal for immunity, is to protect Senate Continued on page 6

Military Coup at the Heart of Europe, Erdogan's Whereabouts Unknown Turkey will be run by a peace council that will ensure safety of population, says military President Erdogan: We will overcome this Protests on the streets of Istanbul in response to President's call US monitoring situation

Adedayo Adejobi with Agency Reports

EMEKA OSSAI

Democracy witnessed a major setback yesterday, not in Africa but at the heart of Europe and a NATO country, when Turkish military rolled out its tanks to seize power in a frightening military coup, reminescent of what obtains in Africa and other developing countries. But the Prime Minister Binali Yildirim said the attempted coup would be put down. As the hours ticked back, the military appear to consolidate its hold of power as President Tayyip Erdogan whereabout is unknown. If successful, the overthrow of Erdogan, who has ruled Turkey since 2003, would be one of the biggest shifts in power in the Middle East in years, transforming one of the most important U.S. allies in the region. Yildirim said the elected government remained in office. Aiports were shut, access to internet social media sites was

SuperSaturday pg. 8-9

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My Wife is a Golden Fish and Godsend

LANRE HASSAN

I Started Acting Not for Money But for Fame

Plus pg. 17

DOUBLE CELEBRATIONS FOR THE ALAKIJAS

L-R: Bishop of Lagos Church of Nigeria (Anglican Communion), Most Revd. Dr. Adebola Ademowo; husband of celebrant, Modupe Alakija (SAN) and the celebrant, Mrs. Folorunso Alakija at the thanksgiving service in honour of Folorunso's 65th Birthday and 40th wedding anniversary held at Cathedral Church of Christ, Lagos ...yesterday MUBO PETERS

Arms Scandal Report Not Doctored, Says Lai Mohammed ... Page 16


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Saturday 16th July 2016 by THISDAY Newspapers Ltd - Issuu