TRUMP ANNOUNCES HAMAS DISARMAMENT AND ISRAELI TROOP WITHDRAWAL AGREEMENT UNDER GAZA CEASEFIRE PLAN. (PHOTO).

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 Trump announces Hamas disarmament and Israeli troop withdrawal agreement under Gaza ceasefire plan   President Donald Trump announced Thursday that Hamas has agreed to a plan to disarm and that Israel will withdraw its forces from Gaza as part of a U.S.-backed ceasefire framework. Trump described the agreement as a major step toward creating a new Palestinian government in Gaza that would work with the newly established Board of Peace to oversee the next stages of the plan. The president said the agreement would also provide Israel with increased security by preventing Gaza from being used as a launching point for future attacks. Details of the agreement were limited, and neither Israel nor Hamas immediately released statements responding to Trump’s announcement. The Board of Peace said Hamas had agreed to a roadmap for moving forward with the next phases of the ceasefire after months of negotiations. The group said the plan includes Hamas giving up its weapons, followed by a...
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NERC FINES DISCOS N9.11BN FOR OVERBILLING.(PHOTO).

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 NERC fines DisCos N9.11bn for overbilling


The Nigerian Electricity Regulatory Commission (NERC) has fined the 11 electricity Distribution Companies (DisCos) 9.11bn for overbilling their customers under estimated billing.


The fine was contained under the September 2024 Supplementary Order of the Multi Year Tariff Order of 2024.


A review of the documents showed that Abuja Disco had the most fines with N1.69bn, followed by Eko Disco with N1.41bn while Ikeja Disco was fined N1.41bn.


Others include Jos Disco with N1.33bn; Port Harcourt Disco, N1.16bn; Benin Disco, N804m; Enugu Disco, N310m; Ibadan Disco, N15m; Kaduna Disco, N115m; Yola Disco, N54m; Kano Disco N20m and Ibadan Disco, N15m.


Issued on August 30, the order, signed by NERC Vice Chairman, Musiliu Oseni, and Commissioner for Legal, Licensing and Compliance, Dafe Akpeneye, follows a comprehensive investigation into the Discos’ billing practices.


This penalty, NERC noted, is a response to the Discos’ non-compliance with previous directives aimed at capping estimated billing for electricity consumers.


With the measures, Discos are required to enhance their service delivery and adhere to service-based tariffs.


Also, the companies must publish explanations on their website within 24 hours if they fail to provide a committed level of service on Band A feeders for two consecutive days.


This initiative, NERC noted, would bolster the reliability of electricity supply within their service areas.

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