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Power Grid Collapses 28 Times in Nine Months

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  • Power Grid Collapses 28 Times in Nine Months

The nation’s power grid has collapsed 28 times this year, the highest since 2011, as the quantum of spinning reserve aimed at forestalling such occurrence remains low.

The development, which was exacerbated by the upsurge in militant attacks on oil and gas facilities in the Niger Delta that affected gas-fired power plants, worsened the failure being experienced by households and business owners across the country.

Industry data obtained by our correspondent on Friday specifically showed that 22 total collapses and six partial collapses were recorded in March, April, May, June, July, September, October, November and December.

In the whole of 2014 and 2015, the grid collapsed 13 and 10 times respectively, with four partial collapses each.

The latest total system collapse recorded this year was on December 4, and three collapses occurred last month, the report stated.

In June, the grid recorded five total collapses and three partial collapses, the highest in the year. Seven collapses – six were total and one partial – occurred in May.

Three total collapses occurred in April, while two total collapses and one partial collapse were recorded in March. A total of three collapses were recorded in July, September and October.

The total national power generation stood at 2,876.6 megawatts as of 6am on Friday, down from a peak of 5,074.7MW on February 2.

Ten of the nation’s 26 power plants did not generate any megawatts of electricity on Friday.

They were Olorunsogo II, Ibom Power, Alaoji, Afam IV & V, Odukpani NIPP, Trans-Amadi, AES, ASCO, Rivers IPP and Gbarain.

Generation from Egbin, the nation’s biggest power station located in Lagos, stood at 161MW on Friday, down from 1,085MW on March 15 this year.

The increasing gas constraint largely occasioned by recent attacks on pipelines in the Niger Delta has left over 3,500MW of the nation’s power generation capacity idle.

The nation generates the bulk of its electricity from gas-fired power plants, while output from hydro-power plants makes up about 30 per cent of the total generation.

Generation from two of the nation’s hydro-power plants, Shiroro and Jebba, has reduced significantly in recent days.

Shiroro’s output fell to 150MW on Friday, down from 450MW a week ago; Jebba generated 384MW on Friday, compared to 471MW on December 2.

Out of the six power stations meant to provide spinning reserves, only one had actual reserve of 17.4MW as of 6am on Friday, the data showed.

The power stations are Egbin, Kainji, Delta, Olorunsogo II, Geregu II, and Omotosho II, with combined reserve capacity of 155MW.

Spinning reserve is the generation capacity that is online but unloaded and that can respond within 10 minutes to compensate for generation or transmission failure.

The reserve capacity and actual reserve of Egbin and Kainji stood at zero as of Friday, while the capacity and actual reserve of Delta were 40MW and zero, respectively.

Olorunsogo II and Geregu II had reserve capacity of 40MW and 35MW, respectively; while their actual reserves stood at zero.

The actual reserve at Omotosho II stood at 17.4MW out of a reserve capacity of 40MW, the data showed.

Explaining some of the causes of system collapse, the Chief Executive Officer, Eko Electricity Distribution Company, Mr. Oladele Amoda, said, “Sometimes, if a machine trips at a generation station and takes out a lot of load, it can cause it. At times, there could be problems on the transmission line. If any of the lines trips off, then there will be a load swing, which will destabilise the system.

“We are supposed to have a generator that is just running on standby so that if there is any chunk of load that is out of the system suddenly, that generator will just take it up and balance the load.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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