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Foreign Affairs / Ghana Power Crisis:limited Gas Supply Triggers Nationwide Power Outage by NwaNimo1(m): 12:10am On Oct 28, 2023
Many parts of Ghana were plunged into darkness due to a lack of gas to power machinery used to generate electricity in the country.

Power distribution firm Ghana Grid Company Limited (GRIDCo) says the situation has caused "a supply gap of 550MW at peak time" at Tema power plant, near the capital, Accra.

This is about 10% of the country's total capacity.

The massive outage started on Thursday evening.

Power has now been restored in some areas but GRIDCo spokesperson Dzifa Bampoh told the BBC there would be more outages on Friday evening, during peak hours.

Ghana is currently going through its worst economic crisis in a generation.

There are frequent power cuts in Ghana but this is the worst nationwide outage for two years.

A June study said the country's current energy provision was "critically unhealthy and tottering towards a power crisis".

The power situation, which could worsen in the coming years, has been exacerbated by the country's financial distress, the Centre for Socioeconomic Studies (CSS) study showed.

In July, independent power producers in the country threatened to shut down operations over arrears owed to them by state-run Electricity Company of Ghana.

In a statement on Thursday, GRIDCo, the power operator, said electricity supply to consumers in some parts of Ghana would be curtailed as a result of "limited gas supply" to the Tema power plant.

"The inconvenience caused is deeply regretted," the statement added.

The GRIDCo spokesperson said it was caused by a problem in gas supply from Takoradi.

Some reports say the issue was that gas suppliers had not been paid.

The power utility firm did not say how long it would take for normal supplies to resume.

Ghana has for several years been experiencing power shortages popularly known as "dumsor", which means on and off in the Akan language.

The West African country gets its much of its electricity from hydro and thermal sources, but these are often poorly maintained.

The country has in the last few years become heavily reliant on gas as a major source of energy for electricity generation and any shortage in gas results in power outages. cool

https://www.bbc.co.uk/news/world-africa-67236078
Politics / Ex-efcc Operative Testifies Against Fayose As Ex-gov’s Trial Resumes by NwaNimo1(m): 11:53pm On Oct 27, 2023
A former operative of the Economic and Financial Crimes Commission, Abubakar Madaki, has told a Federal High Court in Lagos how a former Minister of State for Defence, Musiliu Obanikoro, handed over N1.2bn cash to former Ekiti State governor, Ayodele Fayose.

Fayose and his firm, Spotless Investment Limited, are being prosecuted by the EFCC for allegedly laundering N6.9 billion.

Obanikoro had earlier narrated before the court how N1.2 billion was allegedly taken to Fayose, using an aircraft.

In continuation of his evidence on Friday, Madaki, who is the 13th prosecution witness, told Justice Chukwujekwu Aneke that out of the money, the former Ekiti State governor bought property worth N270 million from one Rabiu Kundili in Abuja and also deposited N100 million in a fixed deposit account.

Led in evidence by the prosecution counsel, Mr. Rotimi Jacobs, SAN, the former EFCC operative stated that between June 17 and 24, 2014, a N150 million cash deposit was lodged into the bank account of the second defendant (Spotless Investment Limited), by one Biodun Agbele, an aide to Fayose.

The witness further told the court that on August 24, 2016, N168 million was also deposited into the second defendant’s bank account.

He maintained that the money was released from an account in the office of the Secretary to the Government of the Federation and was part of monies under the control of a former National Security Adviser, Col. Sambo Dasuki (retd.)

Madaki adds that the claim by the first defendant (Fayose) that the N1.2bn received from Obanikoro was the campaign funds from his political party, the Peoples Democratic Party, was investigated.

He said, ”In our investigation, we contacted the Peoples Democratic Party secretariat in Abuja. The party denied receiving any money from the National Security Adviser, or the Office of the Secretary to the Government of the Federation. The party also said it did not give any campaign money to Senator Musiliu Obanikoro to give to the first defendant.

“So the funds moved from Diamond Bank to Zenith Bank were the funds that came from the impress account which is under the control of the Office of the National Security Adviser to President Goodluck, Jonathan, Colonel Sambo Dasuki.”

He said an opportunity was given to the first defendant and his associate, Agbele, to explain the source of the huge sum of money deposited into the account of the second defendant but they could not give any reasonable explanation.

Aneke adjourned the matter till November 24 for continuation of trial.

Fayose and his company were re-arraigned before Aneke for alleged money laundering and non-declaration of his assets after an initial arraignment before Justice Mojisola Olatoregun on October 22, 2018.

The EFCC re-arraigned Fayose and Spotless Investment Limited on an 11-count bordering on money laundering and stealing to the tune of N6.9 billion.

In the amended charge, Fayose, and Agbele, who is also standing trial on alleged money laundering offences before another division of the court, were alleged to have on June 17, 2014, taken possession of N1.219 billion to fund Fayose’s 2014 governorship campaign in Ekiti State.

They were accused of committing criminal breach of trust, theft and stealing of public funds.

They were also alleged to have on the same June 17, 2014, without going through financial institutions, received $5 million from Obanikoro, who was the Minister of State for Defence.

The offences, according to the EFCC, are contrary to Sections 15 (2)(d); 1 and 16 (d) of the Money Laundering (Prohibition) Act, 2011 as amended, and punishable under Sections 15 (3) (4); 16 (2) (b) of the same Act.

Fayose denied the allegations and pleaded not guilty to all the charges.

https://punchng.com/ex-efcc-operative-testifies-against-fayose-as-ex-govs-trial-resumes/
Politics / Re: Supreme Court Has Only 10 Justices, Lowest Ever In Nigerian History — CJN by NwaNimo1(m): 8:01pm On Oct 27, 2023
And they are all corrupt....

9 Likes

Business / Re: Is There Any Chance That Prices Of Goods And Services Will Come Down? by NwaNimo1(m): 7:38pm On Oct 27, 2023
Come down?

1 Like

Politics / Re: Fayemi Congratulates President Bola Tinubu On Supreme Court Victory by NwaNimo1(m): 5:11pm On Oct 27, 2023
Noted,,,,,

2 Likes

Politics / Re: How Dependent Are The Zones On Federal Allocation? - Statisense by NwaNimo1(m): 7:57pm On Oct 26, 2023
Nigerians and 'faking'....just like coke and pepsi

14 Likes 4 Shares

Politics / Re: Watch The Moment Adeleke Dances With Dino At The Campaign Ground In Okene, Kogi by NwaNimo1(m): 11:31pm On Oct 25, 2023
Clowns,,,,

Politics / Re: Abdulrasheed Bawa Released From SSS Detention by NwaNimo1(m): 11:17pm On Oct 25, 2023
What was the total amount of loot vomited?

38 Likes 3 Shares

Business / Re: Aggrieved GTBank Customer Attempts To Set Bank On Fire In Ogun by NwaNimo1(m): 5:05pm On Oct 25, 2023

2 Likes

Programming / Re: Degree Vs Experience: Which Do Employers Prefer? by NwaNimo1(m): 6:08pm On Oct 24, 2023
Post the CSU scandal it has to be experience.....



.....and I don't mean drug pushing experience!

19 Likes 2 Shares

Foreign Affairs / Re: US Rejects Mideast Ceasefire Calls, Says Would Benefit Hamas by NwaNimo1(m): 10:08pm On Oct 23, 2023
Genocide Joe has spoken...

8 Likes 1 Share

Business / Re: FG Moves To Digitise FX Transactions To Punish Naira Speculators by NwaNimo1(m): 10:03pm On Oct 23, 2023
Aboki get POS....

16 Likes 1 Share

Politics / Re: Let's Talk : How Best Can Poverty Be Eradicated From Africa. (let's Rub Minds ) by NwaNimo1(m): 10:02pm On Oct 23, 2023
Eject the french to begin with.....

1 Like

Education / Re: Gunmen Kidnap Comfort Adokwe, Nasarawa State University Lecturer In Keffi by NwaNimo1(m): 9:55pm On Oct 23, 2023

4 Likes

Politics / Re: Are There Freemasons In Northern Nigeria? by NwaNimo1(m): 9:20pm On Oct 23, 2023
Politics / Re: We’ll Digitise Forex Transactions, Punish Speculators – FG by NwaNimo1(m): 9:16pm On Oct 23, 2023
Travel / Re: All Female Air Traffic Control Personnel Take Charge At Airports (Photo) by NwaNimo1(m): 9:11pm On Oct 23, 2023
And you did not warn travellers?

76 Likes 4 Shares

Politics / Re: The Clean Up Of The Entire Blue Line/brt Corridor On Lagos Badagry Expressway by NwaNimo1(m): 9:03pm On Oct 23, 2023
The place still resemble Gaza....

Politics / Re: Naira May Crash Further Against The US Dollar by NwaNimo1(m): 7:21pm On Oct 23, 2023
Amaechi warned us a long time ago that this was what the FG were doing......



....and the effect is poverty being heaped on the masses through currency devaluation.

I now tell people its safer to invest in yam tubers or cassava than to hold naira notes!

1 Like 1 Share

Politics / Re: Nigeria’s Daily Petrol Consumption Reduces By 33.58% - NMDPRA by NwaNimo1(m): 7:00pm On Oct 23, 2023
Dangote.......How market?



Payback timeline don increase ooh.....

15 Likes 2 Shares

Politics / Re: Atiku Is Deluded, Getting Ready For Another Round Of Spectacular Defeat - APC by NwaNimo1(m): 6:58pm On Oct 23, 2023
Desperation....

Business / Re: Naira Crashes To ₦1,210 To US Dollar by NwaNimo1(m): 6:52pm On Oct 23, 2023
A.nother

P.redicted

C.rash




2moro it will be N1250.......by Sunday N1300

60 Likes 6 Shares

Politics / Nigeria’s Daily Petrol Consumption Reduces By 33.58% - NMDPRA by NwaNimo1(m): 6:47pm On Oct 23, 2023
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, says the country’s domestic consumption for petrol has significantly dropped from 66.7 million liters, before the deregulation, to 44.3 million liters per day. shocked

Farouk Ahmed, the Authority Chief Executive of NMDPRA said that the reduction represents about 33.58 per cent daily.

Mr Ahmed disclosed this in his keynote address at the opening session of the Oil Trading and Logistics, OTL, 2023 Africa Week 2023 on Monday in Lagos.

The NMDPRA boss said eight wholesale petroleum product suppliers out of 94 licensed oil marketers were issued permits to import into the country.

According to him, those licensed delivered eight cargoes of petrol totaling 251,000 MT (291,238,670.69 litres) between June and September.


Mr Ahmed said that the drop in the number of licensed importers was due to the challenge of forex illiquidity which had constrained the oil marketing companies’ ability to import the product.

He expressed optimism that the necessary efforts taken by the government to improve the stability of the harmonised forex market would support the importation of petrol by more oil marketing companies alongside the Nigerian National Petroleum Company Ltd,.

Mr Ahmed said: “Supply of petroleum products is expected to be further enhanced and secured by the coming onstream of Dangote Refinery and the rehabilitation of NNPCL refineries in the short to medium term.


“The efforts of the Nigerian government towards ensuring that the overall national energy security of the country is administered in a manner that optimises position within the complex global energy dynamics.

Mr Ahmed said that a critical pillar for pursuing a structured energy transition in Nigeria is the adoption of gas as a transition fuel and the emplacement of strategic gas development frameworks through the Decade of Gas Program (DOGP).

“The DOGP will ensure the accelerated growth of gas processing, storage, transportation, retail, and utilisation in Nigeria within the decade.

“The programme has optimal industry inclusiveness and it’s making steady progress in the implementation of all its strategic objectives, initiatives and projects,” he said.

Mr Ahmed, therefore, noted that the full deregulation of the sector had further enhanced the nation’s capacity to adopt Compressed Natural Gas (CNG ) as a more sustainable and affordable alternative automotive fuel.

“President Bola Ahmed Tinubu has launched the Presidential initiative on CNG (PiCNG), with the focus of providing immediate and long-lasting infrastructure for modern mass transit systems.

He stated that the PiCNG had already commenced work and adequately supported with all necessary tools, including required funding to meet its aspirations.

Over 200 participants were in attendant with over 20 exhibitors

https://dailynigerian.com/nigeria-daily-petrol/

1 Like

Business / Re: Mike Adenuga Loses $300 Million by NwaNimo1(m): 12:52pm On Oct 23, 2023
Easy come.......Easy go!

7 Likes

Celebrities / Re: Logos Olori Escapes Death In Car Accident by NwaNimo1(m): 9:56pm On Oct 22, 2023
Latest way to trend for 12 hours,,,,,,,,bash your tokumbo car.

3 Likes

Education / Re: Kaduna Govt Seals Al-Azhar Academy Where Student Was Brutalised To Death by NwaNimo1(m): 9:22pm On Oct 22, 2023
Duty of care?



....No such thing in this backward country?
Culture / Re: Colourful Pictures From The Anambra State New Yam Festival by NwaNimo1(m): 8:53pm On Oct 22, 2023
It's late October......hope the delay is not climate change related.

26 Likes 2 Shares

Politics / Re: Killing Of Farmers By Herdsman In Oyo Must Stop- Sunday Igboho by NwaNimo1(m): 8:48pm On Oct 22, 2023

8 Likes

Politics / Re: Diesel Suppliers, Generator Dealers Sabotaging Power Supply – Prof Nnaji by NwaNimo1(m): 8:40pm On Oct 22, 2023
Medicine after death....

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