ALLEGED N8.7B FRAUD: MALAMI’S BANKERS FILED SUSPICIOUS REPORTS ON HIS TRANSACTIONS-WITNESS. (PHOTO). #PRESS RELEASE.

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Alleged N8.7b Fraud: Malami’s Bankers Filed Suspicious Reports on his Transactions-Witness The Fourth Prosecution Witness, PW4, in the trial of the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, May 13, 2026, told Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, that Zenith Bank Plc, where the former AGF had account, filed Suspicious Transaction Report, STR, in respect of his transactions. The Economic and Financial Crimes Commission, EFCC, is prosecuting Malami alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami, on amended 16-count charge, bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities to the tune of N8,713,923,759.49 (Eight Billion, Seven Hundred and Thirteen Million, Nine Hundred and Twenty-Three Thousand, Seven Hundred and Fifty-Nine Naira, Forty-Nine Kobo), contrary to the provisions of the Money Laundering (Prevention and Pro...
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NERC RELEASES 28 BILLION NAIRA TO DISCOs FOR METERING BAND "A & B" FREE. (PHOTO).

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 NERC RELEASES 28 BILLION NAIRA TO DISCOs FOR METERING BAND "A & B" FREE


The Nigerian Electricity Regulatory Commission NERC has approved the release of twenty eight billion naira from the Meter acquisition fund to Electricity Distribution Companies to Meter all outstanding unmetered band 'A' and 'B' customers 


The funds will be allocated in proportion to the respective contributions of the distribution companies under tranche B of the intervention 


In an order released by NERC, all the Meters to be procured and installed under the Meter acquisition fund framework shall be provided free to band 'A'  and 'B' tariff customers 


NERC directs all distribution companies to complete the installation of the Meters under the tranche B of the Meter acquisition fund by 31 December 2025


The intervention under the Meter acquisition fund is part of the commission's deliberate efforts to close the metering gap in the country and it will run concurrently with other interventions including presidential metering initiative

Comments

  1. Anonymous16 October 2025 at 18:53

    When is the turn of customers on band C and is the meter for free

    ReplyDelete

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