The Minister of State for Labour and Employment, Festus
Keyamo, says there has been no increase in electricity tariffs
following an adjustment by the Nigerian Electricity Regulatory
Commission (NERC).
Speaking on Channels Television’s Politics Today on Tuesday, the
Minister explained that what was done was to adjust certain bands
and to ensure that certain persons who are supposed to be on some
bands, are not wrongly put on some other bands.
“What we agreed to do was to freeze certain bands (we have band
A,B,C,D). In the interim, what we did was to adjust certain bands
and to ensure that certain persons who were supposed to be on some
bands, are not wrongly put on some other bands but there has not
been any increase in tariffs,” he said.
This is contrary to a statement by NERC issued earlier on
Tuesday admitting that the rates for service bands A, B, C, D, and
E have been “adjusted” by N2 to N4 per kilowatt-hour (KWH).
According to the agency, the adjustment is in compliance with
the provisions of the Electric Power Sector Reform (ESPR) Act and
Nigeria’s tariff methodology for biannual minor review.
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First City Monument Bank(FCMB) has mandated its Managing
Director, Mr. Adam Nuru to proceed on a leave pending the
determination of the probe being conducted over alleged unethical
conduct, According to TheCable report[1].
![image](/2020/10/lawreport.jpg")
Nairalaw recalls that a Group had earlier ignited a
petition to the CBN & FCMB Board, demanding the sack of the MD.
![image](/2020/10/NWLRland.jpg")
This is based on the allegation that the MD foisted a state of
depression on a deceased husband of a former employee, resulting in
his death.
It was alleged that the MD had an illicit affair with the
deceased wife which produced two children, which the deceased
husband thought was his, not until the wife traveled to America
when she later disclosed the fact that the children are not for
him.
This incident coupled with some other things allegedly resulted
in the death of the deceased person.
Meanwhile, First City Monument Bank (FCMB) had earlier issued an
official statement regarding the controversies against its Managing
Director, Mr. Adamu Nuru.
The bank noted that it is “aware of several stories circulating
across several social media platforms about our Managing Director
Adam Nuru, a former employee Ms Moyo Thomas and her deceased
husband, Mr. Tunde Thomas”.
In addition, the bank added that the review will cover
likelihood of ‘any violations of our code of ethics and the
adequacy of these code of conduct ethics’, adding that same will be
done with urgency and ‘immediately’.
In the light of the above, the bank is reported to have asked
the MD proceed on leave with a view to having an effective
probe.
It was reported that the decision to ask him proceed on leave
came pursuant to the recommendation of the panel probing the
allegation against the MD.