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KEDCO Revamps, Slashes Losses In 6 Months

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Kano Electricity Distribution Company (KEDCO) has recorded significant performance improvement and reduction in aggregate technical, commercial, and collection (ATC&C) losses since its acquisition by the new core investor – Future Energies Africa (FEA).

KEDCO recorded 80% Billing Efficiency in June 2024 up from 75% in January 2024 and also reduced ATC&C by almost 20 percentage points to a record of 42%.

Recall that in November 2023, Future Energies Africa (FEA) acquired the highest stake in KEDCO and have since embarked on reforms geared towards business turnaround and sustainable transformation of the Company. Currently, about 52 feeders receive between 20 to 24 hours of supply (including 11 recently upgraded) through investments and improved service delivery.

These achievements are not merely coincidental but conscious efforts by KEDCO’s Board and Management, with ample support from the core investor, Future Energies Africa through investment efforts and constant adoption of effective mechanisms to expeditiously address extant challenges towards making KEDCO financially self-sufficient.

Prominent among the recent challenges overcome was the dispute with the Manufacturers Association of Nigeria (MAN), over the April 2024 supplementary tariff order which has now been resolved and KEDCO, in its customer-centric spirit urged for a round-table reconciliation approach, while reaffirming its continuous support for the prosperity of businesses and economic activities in the area.

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KEDCO recently revamped top management with the addition of a new Chief Technical Officer (CTO) – Engr. Kassim Burkullu, who recently managed AEDC’s large network; a new Chief Commercial Officer (CCO) – Dr. Abubakar Jimeta, a seasoned industry professional; and two Special Directorates for Special Projects and Customer Solutions, manned by veterans – Engr. Inuwa Daneji and Engr. Shuaibu Adeiza.

During this period, the Company has invested over ₦1bn to deploy over 100 High Voltage smart Maximum Demand (MD) meters. Also, the deployment of over 3,000 prepayment meters on Band A feeders, through MAP vendor financing, all geared towards mitigating billing and commercial losses. Similarly, check meters have been installed on all major commercial feeders with high losses and bifurcation of those feeders, for improved power distribution, efficiency, and energy accountability which has led to a significant reduction in losses and improved collection efficiencies.

In the area of network reliability, the management has initiated expansion efforts in a bid to foster efficiency in service delivery and meet service-level agreement commitments. KEDCO’s projection is to achieve 25 percent ATC&C losses by year-end while meeting 100 percent market obligations as the NESI transitions to a Bilateral trading market.

KEDCO’s management has been tasked with turning the business around and are working round the clock to continue driving improvements. The Acting Managing Director, Abubakar Yusuf stated that, “ At all levels, we have prioritized collaboration, partnership, and regular stakeholders’ engagements within the government, traditional, security, political, religious, and community partners to drive progress. If KEDCO succeeds our communities succeed so it has to be a team effort.”

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Army Immortalises Gen. Lagbaja, Names New Army Logistics Complex After Him

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By Yusuf Danjuma Yunusa

 

 

The Nigerian Army has immortalised its late former Chief of Army Staff (COAS), Lieutenant General Taoreed Lagbaja, by naming a newly constructed complex at the Nigerian Army College of Logistics and Management (NACOLM), Lagos, after him.

 

Speaking at the commissioning of the facility in Lagos on Friday, the Chief of Army Staff, Lieutenant General Waidi Shaibu, reaffirmed the Nigerian Army’s commitment to strengthening institutional capacity through modern infrastructure that promotes professional military education, efficient administration and improved personnel welfare in support of national security.

 

According to a statement by the Acting Director of Army Public Relations, Colonel Appolonia Anele, the complex, named in honour of the late Lieutenant General Lagbaja, is designed to enhance the College’s training, administrative and welfare functions by providing a conducive environment for developing highly skilled logistics professionals capable of supporting operational effectiveness across the Nigerian Army.

 

Shaibu described the late Army Chief as an outstanding military leader whose professionalism, integrity, selfless service and unwavering commitment to national service continue to inspire officers and soldiers of the Nigerian Army.

 

He said naming the complex after the late General reflected the institution’s enduring appreciation of his immense contributions to force development, leadership and operational excellence.

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The Army Chief also urged officers, instructors and students of the College to uphold the values exemplified by the late General Lagbaja by remaining disciplined, professional and committed to excellence in the discharge of their responsibilities.

 

He reiterated that sustained investment in training institutions, modern infrastructure and personnel welfare remains central to his command philosophy of transforming the Nigerian Army into a more professional, adaptive, combat-ready and resilient force capable of effectively discharging its constitutional responsibilities within a joint and multi-agency environment.

 

In a separate development, troops of the 65 Battalion apprehended 24 foreign nationals during a coordinated operation in Epe Local Government Area of Lagos State as part of ongoing efforts to rid the 81 Division Area of Responsibility of criminal elements, illegal immigrants and other security threats.

 

According to a statement by the Acting Deputy Director of Army Public Relations, 81 Division Nigerian Army, Lieutenant Colonel Musa Yahaya, the operation followed credible intelligence on the presence of undocumented foreign nationals within the Battalion’s area of responsibility.

 

Acting on the intelligence, troops, in collaboration with members of the Vigilante Group, raided a secluded fenced compound at Imokun in the Odo-Noforija/Poka axis of Epe, where they apprehended 24 foreign nationals comprising 15 males and nine females.

 

Preliminary profiling showed that the suspects are nationals of several West and Central African countries, including Cameroon, Togo, Côte d’Ivoire, the Republic of Benin, Burkina Faso and Guinea-Bissau.

 

Initial investigations were conducted to determine their immigration status, the purpose of their stay in Nigeria and any possible involvement in unlawful activities.

 

Efforts are also ongoing to identify and question the owner of the premises to establish the circumstances surrounding their residence and activities at the location.

 

The statement added that the suspects were handed over to the Nigeria Immigration Service, Lagos State Command, on 16 July 2026 for further investigation, profiling and appropriate administrative action in line with extant immigration laws and regulations.

 

Commending the troops for their professionalism and vigilance, the General Officer Commanding 81 Division, Major General Adebayo Babalola, directed personnel to sustain ongoing operations and intensify efforts to deny criminal elements, illegal immigrants and other security threats any operating space within the Division’s area of responsibility.

 

He also reaffirmed the Division’s commitment to supporting relevant security agencies in maintaining peace, security and public safety across the area.

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Customs Releases N7.61bn for Payment of 4,237 Retirees

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By Yusuf Danjuma Yunusa

The Nigeria Customs Service, NCS, says it has released N7.61 billion to nine Pension Fund Administrators, PFAs, for the payment of retirement benefits to 4,237 retirees.

The Comptroller-General of NCS, Bashir Adeniyi, disclosed this during a dialogue with retirees, where he reaffirmed the service’s commitment to improving the welfare of its retired personnel.

NCS’s Spokesperson, Abdullahi Maiwada, in a statement on Friday in Abuja said the C-G announced that the funds had been disbursed to the PFAs for onward payment into the retirees’ individual accounts.

Mr Maiwada said the meeting followed ongoing efforts to improve pension of retirees following the Federal Government’s decision to review the statutory provisions governing pensions.

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This is includes Section 15(4) of the Pension Reform Act 2014, in line with Section 173(3) of the 1999 constitution, as amended.

He said that according to the breakdown presented at the meeting, Access-ARM Pension Managers accounted for 1,223 beneficiaries, Premium Pension 2,268, Leadway Pensions 403, TrustFund Pensions 156 and FCMB Pensions 144.

Others are Veritas Glanvills Pensions 28, Norrenberger Pensions 11 and Fidelity Pension Managers four, bringing the total number of beneficiaries to 4,237.

Addressing the retirees, Mr Adeniyi underscored the need for the service to remain strong and financially capable of meeting its obligations to serving officers and retirees.

He emphasised that the welfare of officers who had dedicated decades to the NCS was integral to the institution’s future.

The NCS boss urged the retirees to sustain constructive engagement with the service, describing it as necessary to foster mutual understanding.

“I acknowledged your (retirees) concerns and suggestions raised and it is in view of this we called for this dialogue.

“This is to promote better understanding and reduce the effect of rumours and unofficial information on the relationship between the service and its retired personnel,” he said.

The retirees thanked the C-G and his management team for creating a platform for direct engagement.

They also urged the service to sustain the dialogue as part of efforts to strengthen the relationship between serving officers and retired personnel.

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Supreme Court Affirms Final Forfeiture of Properties, $2m Linked to Emefiele

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By Yusuf Danjuma Yunusa

The supreme court has affirmed the final forfeiture of properties and $2.045m linked to Godwin Emefiele, former governor of Central Bank of Nigeria (CBN), to the federal government.

In a unanimous judgment delivered on Friday, the apex court overturned the decision of the court of appeal in Lagos, which had nullified the forfeiture order.

The court held that the court of appeal erred when it overturned the forfeiture order and directed that the matter be reheard by the trial court.

On November 1, 2024, Deinde Dipeolu, judge of a federal high court in Lagos, ordered the permanent forfeiture of monies (including $2.045 million), seven choice landed properties and the two share certificates of Queensdorf Global Fund Limited Trust belonging to Emefiele, to the federal government.

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The assets were said to be reasonably suspected to have been acquired with proceeds of unlawful activities.

The forfeited properties include two fully detached duplexes of identical structures situated at No. 17b Hakeem Odumosu street, Lekki Phase 1, Lagos; an undeveloped land, measuring 1919.592 sqm with Survey Plan No. DS/LS/340 at Oyinkan Abayomi drive (formerly Queens drive), Ikoyi, Lagos; a bungalow at No. 65a Oyinkan Abayomi drive (formerly Queens drive), Ikoyi, Lagos and a four-bedroom duplex at 12a Probyn road, Ikoyi.

Others are an industrial complex under construction on 22 plots of land in Agbor, Delta state; eight units of an undetached apartment on a plot measuring 2457.60sqm at No. 8a Adekunle Lawal road, Ikoyi, and a duplex together with all its appurtenances on a plot of land measuring 2217.87sqm at 2a bank road, Ikoyi, Lagos.

In June 2025, the court of appeal in Lagos overturned the final forfeiture order issued on assets owned by Emefiele.

Two of the three-member panel of justices of the appellate court set aside the trial court’s judgment and ordered a retrial of the case at the lower court.

In the judgment delivered by Abdulazeez Anka, the court held that it was convinced that the legitimate earnings of Emefiele could acquire the properties.

Anka, however, noted that the appellant, did not contest the forfeiture of the $2,045,000 forfeited to the federal government.

The judge ruled that the money should be forfeited to the federal government.

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