BLORD IS OUT FROM KUJE PRISON AFTER PERFECTING ALL HIS BAIL CONDITIONS.(PHOTO).

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 So Linus Williams (Blord) has been released from Kuje prison after fulfilling his bail conditions, finally, freedom after a few weeks in custody. However, here’s the current position of his case:  He is still expected to show up and stand his trial.  If he fails to appear in court even for one day, his bail can be revoked and a bench warrant may be issued against him, meaning a return to Kuje. If the prosecution cannot prove the charges against him, he will be discharged and acquitted. If the prosecution proves the charges, he may be sentenced and sent back to Kuje. I think he should seek a peaceful resolution to the case. Congrats to him on his freedom for now.
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FG RAISES 501 BILLION NAIRA TO SETTLE GENCOS DEBT. (PHOTO).

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 FG RAISES 501 BILLION NAIRA TO SETTLE GENCOs DEBT


Federal Government has raised 501 billion naira from the bond market to settle part of more than four trillion naira debt owed power generation companies in the country.


The funds were raised through the issuance of two bond tranches: a 300 billion naira 7-year 17.50 percent Series 1 (Tranche A) bond and a 201.02 billion naira 7-year 17.50 percent Series 1 (Tranche B) bond.


Nigerian Bulk Electricity Trading Plc,  NBET issued the bond.


The issuance is  guaranteed by the Federal Government under the Presidential Power Sector Debt Reduction Programme.


Fourteen generation companies signed the deal, describing it as a game changer that will address the liquidity crisis in the power sector.

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