COURT JAILS TWO FOR N14.8M FRAUD IN MAIDUGURI. (PHOTO). #PRESS RELEASE.

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 Court Jails Two for N14.8m Fraud in Maiduguri Justice B.T Zannah of the Borno State High Court sitting in Maiduguri, on Monday, July 13, 2026 convicted and sentenced two to three years imprisonment. The convicts are: Babagana Bukar and Hauwa Chabri.  The convicts were arraigned on Monday, July 13, 2026 by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on a separate one -count charge for the offence of criminal misappropriation to the tune of N14,800,000.00 (Fourteen  Million, Eight Hundred Thousand Naira). The charge against Bukar reads: "That you, Babagana Bukar sometimes in 2025 at Maiduguri, Borno State within the jurisdiction of this honourable court, dishonestly misappropriated and converted to your own use the aggregate sum of N8,800,000.00 (Eight Million, Eight Hundred Thousand Naira)  money belonging to Bunu Gambo Liman, being amount given to you through Babakura Umar and Bello Adamu for the supplies of 100 bags of IRS...
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ABIA TAKES OVER ELECTRICITY REGULATION AS NERC EXITS STATE MARKET. (PHOTO).

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 Abia Takes Over Electricity Regulation as NERC Exits State Market


The Nigerian Electricity Regulatory Commission (NERC) has officially exited Abia State’s electricity market following the takeover of regulatory responsibilities by the Abia State Electricity Regulation Authority (ASERA).


The development was confirmed on Friday as the Abia State Government, through ASERA, issued interim power distribution and generation licences to three indigenous electricity companies operating within the state.


While presenting the licences, ASERA Chairman, Emeka Onyegbule, said the new regulatory framework was aimed at strengthening consumer protection and ensuring fair practices in the electricity market. He warned that any operator found engaging in unethical conduct or non-compliance with regulations would face sanctions.


He said the government had commenced full protection of electricity consumers and dispute resolution mechanisms under the new state-led regulatory structure.


Also speaking, ASERA’s Executive Director for Legal and Regulation, Iguwo Ukwu, stressed that the licensed companies must ensure fairness in billing, metering, and customer engagement, adding that all operations must comply strictly with approved regulatory standards.


“You must demonstrate consumer protection and responsiveness,” Ukwu said.


The Commissioner for Power and Public Utilities in Abia State, Ikechukwu Monday, represented by the Special Adviser to Governor Alex Otti on Energy, Kachu Etolue, urged the new operators to prioritise reliable electricity supply and maintain public trust in the emerging market structure.


The three companies issued interim licences are New Era Electricity Distribution, APL Electricity, and Geometric Power Aba.

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