Gencos Gulped N152.9bn of CBN’s N701bn Power Sector Fund in 7 Months Bulk Trader extends PPAs of 14 solar IPPs further by six months Chineme Okafor in Abuja The Nigeria Bulk Electricity Trading Plc (NBET) has disbursed a total of N152.974 billion to 23 power generation companies (Gencos) within the
first seven months of 2017, THISDAY can report. This disbursement represented 21.6 per cent of the N701 billion payment support facility provided by the Central Bank of Nigeria (CBN) for Nigeria’s
power sector A document obtained by THISDAY at the weekend, which revealed this also contained other payments made by the NBET to the Gencos from what it collected from market
within the seven-month period, amounting to N83.351 billion. The document further showed that aggregate payments from the CBN facility and market collections to the Gencos within the period totalled N236.353
billion. It also represented about 80 per cent of the generating company’s invoices within the payment cycle and in line with the NBET’s strategy of paying the Gencos’ monthly invoices in this regards.
A further breakdown of the payment details disclosed that while all the traditional Gencos in the country – Kainji, Jebba, and Shiroro hydro plants, as Continued on page 8
Tributes as Ekwueme Begins Final Journey Home… Page 8 Sunday 21 January, 2018 Vol 22. No 8312
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How Abducted Americans, Canadians were Rescued John Shiklam in Kaduna The police have explained how the four foreign nationals abducted on Tuesday along the Kwoi - Jere road in Kaduna State by gunmen were rescued.
The four rescued foreigners comprise three men and a woman. They are Nate Vangeest and Rachel Kelley (female) from Canada, and John Kirlin and Dean Slocum, from the United States. The foreigners were
ambushed along the Kwoi-Jere road by gunmen at about 7pm last Tuesday on their way from Kafanchan in Kaduna State to Abuja. The two police escort accompanying the foreigners were killed during an exchange of gunfire with the bandits.
Kaduna State Police Commissioner, Agyole Abeh, said they were rescued by the police at Jere area in Kagarko Local government of the state. Abeh said the abducted foreign businessmen were rescued in the bush Saturday
morning following a massive manhunt for their abductors by men of the Kaduna police command and the Inspector General of Police Special Anti-Kidnapping Squad. He did not say if a ransom was paid before they regained
their freedom. The police commissioner also said arrest had been made in connection with the incident, adding that the police were on the trail of the remaining Cosntinued on page 8
APC: Despite Preference for Buhari, We Won’t Shut out Other Aspirants Minister unveils Buhari campaign office in Ibadan PDP faction submits to Secondus leadership Onyebuchi Ezigbo in Abuja and Ademola Babalola in Ibadan The All Progressives Congress said at the weekend in Abuja that all those aspiring to get the ticket of the party ahead of next year’s presidential election, including incumbent President Muhammadu Buhari, would have an equal chance of success. The APC national publicity secretary, Mallam Bolaji Abdullahi, disclosed this, saying it is in spite of recent endorsements of Buhari by key figures and blocs within the party. APC National Vice Chairman for South-south, Chief Hilliard Etta, spoke in a similar vein. Etta said the party would not shut out any contender for the presidential ticket because of Buhari. Also yesterday, Muhammadu Buhari/Osinbajo Dynamic Support Group, an organisation promoting the re-election of Buhari, was unveiled in Ibadan. The organisation is being promoted by Minister Cosntinued on page 8
AHEAD OF EKITI ELECTION... L-R: Former Governor of Ekiti State, Otunba Niyi Adebayo; President Muhammadu Buhari; and Minister of Mines and Steel Development, Dr. Kayode Fayemi, during their visit to the President at the State House, Abuja… Friday