SATURDAY 28TH SEPTEMBER 2019

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TCN Bemoans N270bn Stifling Debts By Discos, Seeks NERC’s Intervention Arrears hindering loan repayment to foreign agencies FG, Greenville LNG negotiate gas supply to Kaduna Genco Chineme Okafor in Abuja The Transmission Company of Nigeria (TCN) yesterday disclosed that the total indebtedness of the 11 electricity distribution

companies (Discos) to it (TCN) now stands at about N270billion. Also yesterday, the federal government disclosed its willingness to have a private gas supplier – Greenville

Liquefied Natural Gas (LNG), take gas to the 215 megawatts (MW) Kaduna power generation company (Genco) which had been delayed from producing electricity almost 10 years

after it was initiated. Speaking at a meeting with donor agencies in Abuja, Managing Director of the TCN, Mr. Usman Mohammed explained that the N270 billion unpaid debt was for

the electricity transmission services it rendered to the Discos. The TCN boss, who stated that the company was working hard to attain self-sustainability in its operations, stated that

the debts, if paid, would enable it pay multilateral donor agencies that loaned it monies to execute transmission projects. Continued on page 6

Sultan Abubakar Pleads for Unity to Move Country Forward‌ Page 6 Saturday 28 September, 2019 Vol 24. No 8937

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CAN: Corruption Allegations against Osinbajo a Sham Onyebuchi Ezigbo in Abuja The Christian Association of Nigeria (CAN) yesterday described the corruption allegation against Vice President Yemi Osinbajo as a sham and urged Nigerians to discountenance the claim since those peddling it could

not provide evidence to substantiate it. The Vice President was accused of mismanaging N90 billion allegedly provided by the Federal Inland Revenue Service (FIRS) for the 2019 election campaigns, an allegation he has vehemently denied, threatening to sue

those behind it. The CAN President, Dr. Olasupo Ayokunle, who spoke to journalists in Abuja after a meeting with the Vice President said no one should crucify Osinbajo over an unsubstantiated allegation. "We were there to pray for him and asked him to tell us

about the allegations made against him, whether they are true or false. He has cleared the air that there was no iota of truth in what some people put out against him and that he was ready to prove himself and to go all out with them. “If there is an allegation, there must be evidence. We

see it as rubbish and that can never happen with him and will never happen,� he said. Ayokunle urged Nigerians not to give room to those who want to persecute the innocent but to join hands with government to salvage the country especially at this critical period.

While assuring the Vice President of the association's support, the CAN President, warned that nobody should toy with the innocent that are faithfully serving the nation, adding that the whole country will rise up to fight for him. Continued on page 6

P&ID: FG Mulls Fresh Suit to Quash $9.6bn Judgement Debt Lai Mohammed: Delegation to the UK succeeded in changing narrative Bennett Oghifo Apparently basking in the euphoria of the reprieve given by a British commercial court, which ordered a stay of execution of the $9.6 billion judgement debt against Nigeria and the leave granted the country to appeal the judgement, the federal government has said it would file a separate suit to set aside the entire judgment. Minister of Information and Culture, Lai Mohammed, gave the indication in London after the Thursday’s ruling of the court on the arbitration

award to British firm, Process and Industrial Developments (P&ID). Mohammed also said besides the stay of execution and the leave to appeal the judgement obtained by Nigeria, the federal government’s delegation to the UK succeeded in changing the narratives of the case in favour of Nigeria before the international community. On the opportunity presented by the judgement, he said: “We now have a fresh opportunity of arguing our Continued on page 6

Buhari Meets with Nigerian Youths in New York over Climate Change... Page 15

NIGERIA@59... L-R: The Chief Justice of Nigeria, Ibrahim Tanko Muhammad; President of the Senate, Ahmad Lawan and the Sultan of Sokoto, Muhammadu Sa’ad Abubakar, during the 59th Independence anniversary prayer for the country at the National Mosque, Abuja... yesterday

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