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Miyetti Allah Reacts to killing of commuters in Jos

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The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has condemned the ambush and killing of commuters at Rukuba Road in Jos, Naija News 247 gathered.

The News Agency of Nigeria (NAN) recalls that criminals on Saturday, attacked a convoy of buses conveying commuters, killed 22 persons and injured scores.

MACBAN, in a statement by its National Secretary, Baba Othman Ngelzarma, on Sunday in Jos, said the whereabout of some of the commuters, was yet to be ascertained.

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“The ambush which occurred around 10.00am , also left several commuters wounded, while 40 others remain unaccounted for.

“The travellers were in a convoy of four buses, when they were attacked.

“MACBAN condemns this senseless violence on travellers .

“We urge security agencies to fish out perpetrators of this dastardly act and bring them to justice,” he said.

READ ALSO:  Many Escape Death As Building Collapse In Jos

Ngelzarma commiserated with families of those who lost their lives and those injured.

He said there could be no winner in the senseless violence and that the circle of bloodshed must be stopped (NAN)

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Why AMCON Took Over Ibadan DisCo

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AMCON Takes Over IBEDC Over Debts - Naija News 247

The Assets Management Corporation of Nigeria (AMCON) says it took over control of Ibadan Electricity Distribution Company (IBEDC) Limited over inability of the DisCo to clear its acquisition loan from Skye Bank, now Polaris Bank.

AMCON Takes Over IBEDC Over Debts - Naija News 247
AMCON Takes Over IBEDC Over Debts

IBEDC distributes electricity to consumers in Oyo, Osun, parts of Kwara, Ondo, Ekiti states.

After a court ruling empowering AMCON to take over the asset, IBEDC came under receivership on Thursday, January 20.

The DisCo was acquired by Integrated Energy Distribution and Marketing Limited (IEDML) the same firm that acquired Yola DisCo, all during the 2013 power sector privatisation exercise.

It later returned Yola to the federal government over insecurity issues in the franchise area. It was only in December 2021 that another private firm took over Yola DisCo from the Bureau of Public Enterprises, BPE.

IEDML got 60 per cent stakes in both DisCos to become the core investor.

READ ALSO:  Mikel Obi Set To Open A Football Academy In Jos

However, the funding for the assets acquisition were loans taken from banks and have had repayment issues eight years after acquiring IBEDC.

Just in November, AEDC, another of the 11 DisCos had acquisition loans settlement issues with UBA, promoting UBA to takeover the DisCo in full receivership.

AMCON in a public notice, stated that it had appointed Mr Osayaba Giwa-Osagie SAN to take over the the entire undertakings, assets of IEDM including shares and interests in related companies and entities, and also monies kept in of the 25 banks in Nigeria.

AMCON said it executed the take over of IEDM following a default in a Loan Servicing Agreement executed with Polaris Bank.

“AMCON has pursuant to Section 48 and 61 of AMCON Act 2010 been appointed Receiver/Manager over all the Assets of Integrated Energy Distribution and Marketing Limited as stipulated in the instruments executed in favour of AMCON by virtue of the Loan Purchase and Limited Servicing Agreement executed with Polaris Bank Limited dated 30th November 2018 and a Notice of Appointment of the Receiver/Manager dated August 6th, 2021, which was duly stamped by the Commissioner for Stamp Duties” the statement read.

The Nigerian Electricity Regulatory Commission (NERC) had previously fined IBEDC N50 million for ”its failure to secure a refund of an interest free loan the Board of IBEDC granted to its core investor group.”

READ ALSO:  Many Escape Death As Building Collapse In Jos

Also in a memo to the staff by the IBEDC Chief Operating Officer (COO), Engr. John Ayodele, AMCON would not sack the management of IBEDC unlike the AEDC case where the management and board were reconstituted.

“Further, to the judgement wherein the Federal High Court on the 8th of September 2021 granted preservative orders in favour of Asset Management Corporation (AMCON), (being the Receiver/Manager of Integrated Energy Distribution and Marketing Limited); the court has appointed Mr Kunle Oqunba Esq. SAN to act as Receiver/ Manager Nominee in the receivership action.

“Based on the foregoing the Receiver/Manager came in today 20th January 2022 to the IBEDC Headquarters to take charge formally and subsequently met with the Management team. Therefore, I hereby wish to inform all staff that there is no cause for alarm.

“We are assured of job security which entails our position/ duties in the company, being entitlements to our salaries and other benefits etc.

“On behalf of the Management, I urge us all to kindly go about the efficient discharge of our duties to ensure a speedy and mutually beneficial resolution.

“I wish us all the best, while I appeal that we continue to remember IBEDC in our prayers,”

Engr. Ayodele stated in the memo.

READ ALSO:  Woman, 35, arrested for killing own one-month-old baby in Ogun
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#JusticeForHanifa: Hanifa Must Get Justice, Kano Gov vows

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#JusticeForHanifa: Hanifa Must Get Justice, Kano Gov vows - Naija News 247

Governor Abdullahi Ganduje of Kano State has vowed that Hanifa Abubakar, the five-year-old pupil, who was murdered by the proprietor of her school must get justice.

#JusticeForHanifa: Hanifa Must Get Justice, Kano Gov vows - Naija News 247
#JusticeForHanifa: Hanifa Must Get Justice, Kano Gov vows

Hanifa was abducted in December and later killed by Abdulmalik Tanko, proprietor of Noble Kids Nursery and Primary School, Kano, where she was enrolled to learn before she was killed.

READ ALSO:  Mikel Obi Set To Open A Football Academy In Jos

Her death had sparked a nationwide outrage, with #JusticeForHanifa trending on social media.

In a statement Malam Muhammad Garba, Commissioner of Information, issued on his behalf, Ganduje said just would be served.

The governor listed some of the measures taken on the matter as indefinite closure of the school where the child was gruesomely murdered, withdrawal of its operational licence, among others.

READ ALSO:  Many Escape Death As Building Collapse In Jos

He said government is terribly disturbed that people entrusted with the care of children turned out to be murderers.

Ganduje added that government had been in touch with the family of the child, reiterating that justice must prevail to serve as deterrent to others.

The governor, who commended security agencies in the state for the prompt action that led to the arrest of those allegedly involved, stated that while investigation is ongoing, government would follow the case to its logical conclusion.

READ ALSO:  Woman, 35, arrested for killing own one-month-old baby in Ogun

He also commended the international community, human rights-based organizations and well-meaning Nigerians for their concern in the matter, assuring security agencies of government’s support in carrying out their duties.

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AMCON Takes Over IBEDC Over Debts

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AMCON Takes Over IBEDC Over Debts - Naija News 247

The Assets Management Corporation of Nigeria (AMCON) has taken over the Ibadan Electricity Distribution Company (IBEDC) Ltd over its failure to pay debts.

AMCON Takes Over IBEDC Over Debts - Naija News 247
AMCON Takes Over IBEDC Over Debts

In a memo to the IBEDC members of staff, the Chief Operating Officer (COO), Engr John Ayodele disclosed the new development.

Ayodele, said in Thursday in the memo, that the company fell under receivership by a September 8, 2021 Federal High Court judgment.

The judgment, he said, granted preservative orders in favour of AMCON.
He explained the government corporation had appointed a lawyer to serve in the receivership action.

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He revealed that the receiver arrived on Thursday January 20 to take charge formally, hinting that he already held a meeting with the management staff.

Ayodele, however, allayed fears over the development and assured staff of job security.

The memo read, “Further, to the judgement wherein the Federal High Court on the 8th of September 2021 granted preservative orders in favour of Asset Management Corporation-
“AMCON, (being the Receiver/Manager of Integrated Energy Distribution and Marketing Limited); the court has appointed Mr Kunle Oqunba Esq.SAN to act as Receiver/ Manager Nominee in the receivership action.

“Based on the foregoing the Receiver/Manager came in today 20th January 2022 to the IBEDC Headquarters to take charge formally and subsequently met with the Management team. Therefore, I hereby wish to inform all staff that there is no cause for alarm.

“We are assured of job security which entails our position/ duties in the company, being entitlements to our salaries and other benefits etc.

“On behalf of the Management I urge us all to kindly go about the efficient discharge of our duties to ensure a speedy and mutually beneficial resolution.

“I wish us all the best, while | appeal that we continue to remember IBEDC in our prayers.”

IBEDC distributes electricity to consumers in Oyo, Osun, Ogun and Ondo as well as some parts of Ekiti and Kwara states.

READ ALSO:  Woman, 35, arrested for killing own one-month-old baby in Ogun

Source: Saharareporters

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