NBET

The House of Representatives Public Accounts Committee, on Thursday, approved a package of financial reliefs and a 10-year debt restructuring plan totalling N248.64bn for three electricity distribution companies — Kano, Jos and Ikeja — in a…
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The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Minister of Power, Adebayo Adelabu, and the Nigerian Bulk Electricity Trading Plc before a Federal High Court in Abuja over the alleged failure to account for…
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A report by the Auditor-General of the Federation has exposed irregular payments for contracts totalling over N197.72bn across various ministries, departments, and agencies, raising serious concerns about systemic lapses in financial…
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There are indications that the Nigerian Electricity Regulatory Commission (NERC) may have compromised some sections of its regulations, leading its failure to exercise authority on Kaduna Electricity Distribution Company (KAEDCO), over 30…
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The House of Representatives Committee on Finance has summoned the Managing Director, Nigeria Bulk Electricity Commission (NBET), Mr Nnaemeka Ewelukwa, over failure to appear to defend his agency’s 2023 budget proposal. Rep. James Faleke,…
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The House of Representatives on Friday queried the payment of $33 million monthly as power purchase agreement with Azura Power Company by the Nigeria Bulk Electricity Trading (NBET). Chairman of the House Committee on Finance, James…
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Senate has queried the Nigerian Bulk Electricity Trading Company, NBET over alleged unremitted N1.5 billion as the total amount being accrued as accumulated interests from investments in Treasury Bills. The Senator Matthew Urhoghide,…
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The Chairman, House of Representatives Committee on Public Account, Rep. Wole Oke (PDP-Osun) has pledged accelerated hearing in Niger Delta Development Commission (NDDC) and Nigeria Bulk Electricity Trading (NBET) Plc audit reports. Oke…
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The Federal Government has announced the appointment of Mr Nnaemeka Eweluka as the Managing Director/Chief Executive Officer (CEO) of the Nigerian Bulk Electricity Trading (NBET). Mr Aaron Artimas, Special Adviser, Media and Communication…
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The House of Representatives is to investigate the activities of the Nigeria Bulk Electricity Trading Company (NBET) between 2015 and 2020 with a view to ascertaining whether there has been an act of corruption in the management of the…
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