PRESIDENT TINUBU RECONSTITUTES THE BOARD OF THE NIGERIAN ELECTRICITY REGULATORY COMMISSION. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE   President Tinubu Reconstitutes the Board of the Nigerian Electricity Regulatory Commission   President Bola Ahmed Tinubu has approved the reconstitution of the Board of the Nigerian Electricity Regulatory Commission (NERC), following the Senate's confirmation of its members on December 16.   Members of the reconstituted Board are:   • Mulisiu Olalekan Oseni, PhD. — Chairman   Dr Oseni started his service as a Commissioner in January 2017. He was subsequently appointed Vice Chairman of the Commission.   His appointment as Chairman took effect from 1 December 2025 and shall subsist until the completion of his ten-year tenure at the Commission, in accordance with the provisions of the Electricity Act, 2023.   • Yusuf Ali, PhD. — Vice Chairman   Dr Ali was first appointed as a Commissioner in February 2022. His designation as Vice Chairman took effect on 1 December 2025 and shall remain in effect until the completion o...

EFCC ARRAIGNS TWO BANKERS FOR N27 MILLION FRAUD TODAY.{PHOTO}.

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      The Economic and Financial Crimes Commission Ibadan Zonal Office on Friday 2nd February, 2018 arraigned the duo of Ebenezer Adelowo and Walter Ekomaye before Justice M. L. Owolabi of the State High Court sitting in Iyaganku, Ibadan, Oyo State.
They were arraigned on different and separate charges bordering on conspiracy, stealing and obtaining money under false pretenses.While Ebenezer and Walter were arraigned together on a three- count charge bordering on conspiracy and stealing, Ebenezer answered to another separate five count charge alone for obtaining money under false pretenses respectively. They both pleaded not guilty to all the charges preferred against them.In view of their plea, prosecution counsel, Adeola Elumaro prayed the court for a trial date. However, counsel to the first defendant, Degbile Moronkeji informed the court of an application for bail filed on 31st January, 2018, which he said is before the court. He thereafter prayed the court to allow the first defendant remain in the EFCC's custody pending ruling on his bail application. Counsel to the second defendant also informed the court of his bail application filed this morning.Justice Owolabi however, ordered that the defendants be remanded in EFCC's custody pending the determination of their bail applications.The case is adjourned to 16 February, 2018 for hearing of bail applications.Walter Ekomaye (39) and Ebenezer Adelowo (31) were arraigned sequel to a petition from a Regional Control Compliance Officer and Zonal Control Compliance Officer of a bank (name withheld) alleging that sometimes in December, 2017, the duo were involved in an illegal withdrawal of funds from customer's accounts totaling N23million. It was further alleged that they took advantage of their position as account officers to some of the bank customers to perpetrate the fraud.According to the petition, Ebenezer allegedly collected over N27Million from different Bureau-de-change outlets under the pretense that he will give them the dollar equivalent.
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