Category: The Nation – Nigeria

Leadway, one of Nigeria’s foremost non-banking financial services and wellbeing providers, is celebrating 55 years of innovation, resilience, and inclusive impact across West Africa.

The Group Managing Director of Leadway Holdings, Tunde Hassan-Odukale said from its inception in 1970 as an insurance company, Leadway has evolved into a diversified group championing financial access, inclusion, and wellbeing for individuals and businesses across the region.

He stated that as at date, Leadway’s integrated offerings span life and general insurance, health coverage, pensions, asset and wealth management, estate planning, hospitality and credit solutions, empowering millions to build resilient financial futures.

He said: ‘Leadway’s journey is, in many ways, the story of Nigeria itself-one of resilience, diversity, and progress. We began with the mission of providing succour and financial freedom to individuals and businesses through risk management.

‘Over the years, that mission has expanded into building a holistic ecosystem that now encompasses insurance, pensions, health, investments, trusteeship and hospitality. This milestone is both a testament to the trust we have earned and the excellence we continue to uphold. Leadway has built its reputation as Nigeria’s most consistent claims-paying insurer, disbursing nearly N500 billion in claims between 2016 and 2024, including N117 billion in 2024 alone.

‘Through its HMO subsidiary, the group continues to deliver award-winning healthcare services to millions of Nigerians through a network of more than 2,500 hospital providers nationwide while continuously increasing robust financial portfolios and securing the future of many Nigerians through its Pensions and Asset Management subsidiaries’.

He noted that beyond Nigeria, Leadway has expanded its regional footprint into Côte d’Ivoire, strengthening its leadership in Francophone West Africa through Leadway Assurance, Ankara Services and Leadway IARD. The Group’s legacy also extends to impactful social initiatives.

‘Leadway Media Dash provides young entrepreneurs and SMEs with visibility by showcasing their businesses on Leadway-owned platforms. Its long-standing support for the Lagos International Trade Fair underlines its commitment to commerce and enterprise in the sub-region. Leadway also invests in Nigeria’s creative economy, sponsoring the Lagos Leather Fair, supporting the Nigerian Pavilion at the London Design Biennale, and championing emerging talent through the +234 Art Fair and Creative Bloc Carnival, among others.

‘As Leadway marks its 55th anniversary, it reflects on a journey marked by impact, resilience, and trust while restating its goal to create creative and inclusive financial, health, and wellness ecosystems for its clients. ‘We are committed to creating the next chapter of Africa’s financial services wellbeing powerhouse, offering digital-first solutions that are unparalleled, people-focused, and competitive on a global scale, with our past guiding us and shaping the future ahead’, Hassan-Odukale reaffirmed.

Film director and treasurer of the Directors Guild of Nigeria (DGN), Lagos Chapter, Oghenenyerhovwo Nana, popularly known as Ny Nana, has urged the Nigerian film industry to give directors the recognition and compensation they deserve.

Speaking on the evolving role of the DGN, Nana said, ‘Visibility is no longer enough. Directors need to be recognized as the backbone of the industry and compensated accordingly. The DGN is evolving into not just a community but a bargaining force-one that advocates for fair wages, royalties, and credit recognition both locally and internationally. In the future, I see us moving toward stronger legal protections and professional standards that place directors at the center of negotiations.’

Nana, who began her career as a radio and television presenter before transitioning into film, also highlighted the importance of financial discipline in sustaining Nollywood. Reflecting on her dual role as a filmmaker and Treasurer of the Guild, she explained:

‘For me, it’s about discipline and perspective. As filmmakers, our creativity drives us, but as Treasurer, I recognize that sustainability in our industry comes from financial accountability. I approach Guild finances with the same attention to detail I bring to storytelling-every number must serve a purpose, just as every scene must serve the story. I balance both roles by separating passion from process. While I create from instinct, I manage resources with structure, transparency, and foresight.’

She has directed projects including April 1st, Hypocrites Chair, and Thin Line, and is regarded as one of Nollywood’s bold voices advocating for authentic storytelling and industry reform.

The House of Representatives has vowed to recover an estimated 9 billion dollars lost to illegal mining activities and to plug all revenue leakages in the nation’s solid minerals sector.

The House declared war on illegal mining in the country, while vowing to leave no stone unturned in exposing corruption in the sector.

Speaking at the inaugural meeting of the ad hoc committee on illegal mining, Chairman of the Committee, Sani Abdulraheem, said the task before them was a matter of national urgency, stressing that the committee will ‘leave no stone unturned’ in exposing corruption, enforcing transparency, and ensuring that ‘every Naira from Nigeria’s natural resources is properly accounted for.’

He said the activities of illegal miners have not only robbed the country of billions in potential revenue but also fuelled insecurity, degraded the environment, and displaced vulnerable communities across mining regions.

‘We lost approximately nine billion US dollars in just over two and a half months through illegal mining. This theft of our resources must stop. Our mission is to block revenue leakages, enforce transparency, and make sure every kobo from our natural resources contributes to national development.’

The Chairman said the committee would conduct structured oversight on the mining sector, strengthen revenue tracking mechanisms, and collaborate with relevant stakeholders, including ministries, agencies, private operators, and host communities, to restore accountability and sanity in the sector.

‘We are here today to ensure that every Naira inherited from our rich natural resources contributes to our national economy.

‘As we move forward, one of the core objectives of this committee is to block revenue leakages caused by illegal mining and associated activities, which not only steal from our national treasury but also hinder the growth of legitimate mining operations that could contribute substantially to our national revenue.

‘Structured oversight will strengthen our revenue tracking mechanism and ensure that the full benefit of Nigerian mining flows directly into the government coffers. Rather than being siphoned off through illegal mining activities’.

While referencing Ajaokuta Steel Company as a symbol of Nigeria’s untapped potential, Abdulraheem expressed optimism that renewed government efforts under the current administration would revitalize the project.

‘Ajaokuta stands as a glaring testament to our failure to harness our mineral wealth. But today, we see political will like never before. The appointment of an indigenous professional to lead its revival gives us hope for a stronger steel sector that will drive industrialization and job creation,’ he said.

Speaking at the event, Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC), Ahmed Abubakar Audi, said the Corps had intensified its clampdown on illegal mining operations nationwide.

Represented by Assistant Commander Atta John Onoja, disclosed that over 500 illegal miners have been arrested, with 270 already facing trial and several convictions secured in recent weeks.

He said, ‘Illegal miners are no longer having their field day. Many are now running to regularize their operations,’ Onoja stated. ‘The NSCDC, under the directive of the Minister of Interior and the Minister of Solid Minerals, remains committed to eliminating illegal mining to its barest minimum.’

While acknowledging operational challenges, Onoja called for stronger legal frameworks to ensure effective prosecution and deterrence against mining-related crimes.

He assured the lawmakers of the NSCDC’s maximum cooperation and partnership in the national effort to sanitize the sector, emphasizing that the fight against illegal mining aligns directly with the Corps’ mandate to protect critical national assets and infrastructure.

The committee ended the inaugural meeting by entering an executive session to chart its roadmap for investigations and collaboration with key stakeholders.

The Lagos State Traffic Management Authority (LASTMA) has arrested a 47-year-old man, Adetayo Adewodun, for impersonating a LASTMA officer and extorting money from a motorist at Itire Junction in Lagos State.

According to a statement issued by Adebayo Taofiq, Director of Public Affairs and Enlightenment at LASTMA, the incident occurred on Tuesday.

Preliminary investigations showed that Adewodun stopped one Mr. Ayano Stephen, driver of a white Hilux vehicle (registration number GME 259 TE) belonging to a construction firm, accusing him of making an unlawful turn.

Pretending to be a LASTMA operative, the suspect demanded ?80,000 as a penalty for the alleged offence. Unable to pay the full amount, Stephen pleaded and eventually handed over ?7,800-the only cash he had on him-to the fake officer.

Stephen later became suspicious of the man’s conduct and contacted LASTMA through its toll-free hotline to verify his identity. Acting promptly on the report, the agency’s Surveillance and Intelligence Unit, under the directive of General Manager Mr. Olalekan Bakare-Oki, mobilised to the location.

On sighting the enforcement team, Adewodun attempted to flee but was pursued, arrested, and taken to LASTMA’s headquarters in Oshodi for interrogation.

During questioning, Adewodun confessed to being part of a three-man syndicate that frequently poses as LASTMA officials to extort unsuspecting motorists around the Itire area and other parts of Lagos. He revealed that the group makes an average of ?65,000 daily from such fraudulent activities.

Commending the motorist for his vigilance, Mr. Bakare-Oki described the report as an act of civic responsibility. He reaffirmed LASTMA’s commitment to integrity, professionalism, and transparency, emphasizing that the agency maintains a zero-tolerance policy toward impersonation and extortion.

‘All authentic LASTMA officers can be easily identified by their official uniforms, personalized name tags, and service identification numbers,’ Bakare-Oki stated.

He urged motorists to remain alert and report suspicious activities through the agency’s verified communication channels, including its toll-free emergency line (080000527862).

Mr. Bakare-Oki assured that the suspect would be arraigned before a Mobile Court to serve as a deterrent to others engaging in similar criminal acts.

He reiterated that LASTMA remains resolute in ensuring order, discipline, and sanity on Lagos roads while protecting law-abiding motorists from fraudulent exploitation.

Choosing a country to boost one’s career can be hard – even more so for women. While some countries offer amazing career opportunities, others leave women feeling uninspired.

For women who are inspired to make the leap and move abroad for their career, it can be a hugely rewarding experience, offering everything from better salaries to the opportunity to explore a foreign marketplace.

These countries ensure that women have a work-life balance, along with ample job opportunities in multiple fields.

Moreover, women are not exploited in those countries and are treated as equals to men.

A recent study by Click Intelligence evaluated countries based on multiple economic and gender indicators such as the percentage of women business owners, women in managerial positions, employment gap between genders, wage disparities, maternity leave provisions, and women’s perception of safety.

Each factor was weighted to create a ‘women’s well-being score’ that reflects both professional opportunities and quality of life.

1. Belgium

2. Slovenia

3. Portugal

4. Spain

5. France

6. Sweden

7. Australia

8. United States

9. Finland

10. Estonia

Belgium ranks first as the best country for women, showing the smallest gender wage gap at just 1.19%. Belgian women hold 36% of management positions while benefiting from generous 15-month maternity leave policies. The country performs well on safety, too, with a lower share of women reporting concerns about going out at night.

Slovenia takes second place with 45% women holding managerial positions, among the highest rates globally. The country also maintains a solid 27% female business ownership rate and matches Belgium with 15-month maternity leave provisions. The gender employment gap here stays relatively low at 8.4%.

Portugal is the third-best country for women to live and work. Portuguese women own 30.2% of local companies and take 40% of executive roles. The country posts a smaller 8.2% employment gap between men and women, and shows a 9.35% difference in wages, well below the average for developed nations.

Portugal is followed by neighboring Spain in fourth place. Here, only 17.3% of women say they feel unsafe, which is one of the lowest rates in the ranking. Spanish mothers are entitled to the longest parental leave at 16 months, and the country’s gender wage gap is also among the smallest (6.72%).

Next comes France, where women also benefit from 16-month maternity leave provisions, while filling 38% of senior roles. Almost every fourth business is owned by women here. The country also records a reduced employment gap between genders (7.8%) and has below-average wage differences.

Sweden ranks sixth as women here are strongly represented in leadership positions, holding 43% of managerial roles. Sweden posts the smallest employment gap at just 6.3% and reports a low salary difference. Working women in Sweden can also take long maternity leaves, lasting up to 14 months.

Australia takes seventh place as the best non-European country for women. Here, almost half of the executive positions are held by women, while nearly a third of local companies are also women-owned. Australia shows a below-average gender employment gap, too.

In eighth place is the United States, where women are behind more than 35% of businesses, the highest share in the world. American women also take up nearly half of managerial roles, showing strong representation at all leading levels.

Finland is in ninth position. Finnish women entrepreneurs own 33% of local firms, while employed women face a small 7.5% gap in workplaces. On top of that, parents in Finland can benefit from up to 15 months of maternity leave.

Estonia completes the top ten countries for women to work and live. Nearly half of all management positions are held by women here, second only to Australia, and about one in three businesses is female-owned. Safety is another strong point in Estonia, as only 8.5% of women say they feel unsafe, the lowest share anywhere in the ranking.

Mikel Obi has challenged the Super Eagles to take responsibility and deliver the results needed to keep their 2026 FIFA World Cup dream alive when they face Lesotho on Friday in Polokwane, South Africa.

Speaking on the Obi One Podcast alongside Chris McHardy, the former national team captain warned that failing to qualify for a second consecutive tournament would be ‘a crime’ and called on the players to shut out off-field distractions and rise to the occasion.

He described Nigeria’s qualifying campaign as hanging by a thread , adding the situation is still redeemable if the players set their minds to play for their country with their hearts.

‘First to qualify, you know, again, we’ve seen, you know, lucky us, um, South Africa has been deducted three points for some reason, ineligible players,’ Mikel said. ‘So that’s good for us. I think right now you can; you can literally say the group is, it’s sort of a shootout group.

‘It’s a shootout group. We have Benin at home and go to win both. We have to win both. We have to win both. I don’t care what’s going on. I don’t care what’s happening. I don’t care what’s going on. I need the players. I know; I still know a lot of them in the squad. I need them. We need them. Nigerians need them.’

The Super Eagles sit three points behind South Africa and Benin Republic in Group C and face Lesotho in Polokwane on Friday before returning to Uyo to host Benin.

With just two games left, Mikel said there was no room for error: ‘Our World Cup fate is in their hands.’

Mikel who rose through every level of Nigerian football, spoke candidly about the inner workings of the national team, adding the Super eagles will have to play out of their skins to book a ticket for the 2026 Mundial.

He continued: ‘I don’t speak a lot about the national team because I know what’s going on. I know what’s happening. For so many years, I probably am the only player. I’m not sure. I probably am the only player who played the under-17, the under-20, the under-23 and the Super Eagles. I played the whole rank. And the Olympics. Yeah. Which is the under-23.

‘So I know deep down inside what goes on there. I know. I understand the players, but when you come to this stage of the tournament, every one of those players’ problems from the top goes away. It goes away. It goes out of the window. It’s about the players. It’s about the players taking responsibility and knowing our World Cup fate is in their hands.’

The former Lyn Oslo midfielder didn’t shy away from criticising the Nigeria Football Federation but stressed that now was not the time for excuses.

‘It’s right now in the hands of the players. Yes. The NFF, the board, they are who they are, the corruption that is going on, the issues that are going on there. all that goes out of the window.

‘Win your two games, the players win your two games and qualify, and then the whole thing – we can talk about the whole thing another day, but our World Cup fate is in their hands, and I’m begging them. I’m with my whole heart begging the players on behalf of Nigerians.’

Anonymous: Good day, I have just seen this advert in an old newspaper of September 18, 2024 which advised any person with pension complaint to send message to a particular number. I hope it is not too late for me. My husband retired as a Deputy Director of Abia Education Services since 1997. He was receiving federal pension until several months ago. What can we do for him to get it resumed?

PTAD: Dear Ma, please inform your husband to forward his verification slip to [email protected] to enable us to deal. Thank you.

AHMED: Dear Omobola, my name is Ahmed. I retired from NIWA in 2007, my complaints are that I haven’t received any of the arrears paid to some of the pensioners ranging from the 24 per cent and the N32,000 arrears. I was told my name fell on the second bag since August, 2024. Kindly help me.

PTAD: Dear Mr. Ahmed, please send your verification slip to our email [email protected] to enable us to investigate and respond further. Thank you.

AMBROSE: Good day, my name is Ambrose. I am an ex NTA Minna staff and my complaint is on N32000 minimum wage arrears for DBS pensioners. We are yet to be paid till date. The monthly increment did not reflect from August 2024. My salary is N24000 instead of N33000. Therefore N9000 has been cut-off. Kindly help me for solution.

PTAD: Dear Mr. Ambrose, please send your verification slip to our email [email protected] to enable us to deal. Thank you.

OJO: Dear Omobola, I am Mr Ojo from Ado Ekiti. I thank you for the help you are rendering to pensioners. This is a reminder on the problem I have on my pension since the closure of Heritage Bank. It has not been solved since May 2024. I have not been paid one kobo since May 2024. You already have my particulars. I have sent my documents to PTAD twice but no response yet. I have changed to UBA Bank. I had an accident in August. Kindly help me.

PTAD: Dear Mr. Ojo we are not in receipt of your new bank statement from UBA as we discussed with you and your daughter on the phone. Thank you.

ANONYMOUS: Good day, I hope I am not late. I have just seen an advert in an old newspaper of September 18, 2024. It advised any person with pension complaint to notify this number. My husband retired as a Deputy Director of Education Services since 1997 and he has not been paid.

PTAD: Dear Ma, please inform your husband to forward his verification slip to [email protected] to enable us to deal. Thank you.

All Progressives Congress (APC) in Oyo State has resolved to reposition and rebuild the party ahead of 2027 general election.

It said it would no longer tolerate indiscipline, internal sabotage, or imposition of candidates, which, according to the party, led to its defeat in the 2023 polls.

A communiqué at the end of Oyo APC Leadership Summit held in Ibadan, attended by party elders, stakeholders and representatives from 33 local government areas of the state, said the summit reviewed the state of the party from 2022 to date and resolved to reposition the party for victory in the next election cycle.

The communiqué was signed by Alhaji Olayide Abass (state chairman), Alhaji Tajudeen Olanite (state secretary), Chief Akin Oke (former state chairman), Chief Iyiola Oladokun (chairman, Elders Advisory Council), Senator Ayoade Adeseun, Senator Brimo Yusuff, Alhaji Adisa Gbayawu, and Chief Timothy Jolaoso.

It said: ‘We resolved to put in place every necessary strategy to win all elections, presidential, governorship, federal as well as state legislative. We condemn in strong terms, the terrible condition of the 33 local governments under the current PDP administration.’

The party lamented what it described as ‘gross indiscipline’ among some of its members and officeholders, which it said had weakened the party’s internal cohesion.

The communiqué added: ‘It is unfortunate that notable party leaders and even elected office holders are fond of engaging in acts capable of sabotaging the party. We, therefore, resolved that the state Executive Committee under the chairmanship of Alhaji Abass should constitute a Disciplinary Committee that will be saddled with the responsibility of punishing erring party members, who henceforth engage in acts of sabotaging the party in line with the constitution of the APC.’

On the issue of internal democracy, the summit identified the imposition of candidates as a key factor behind APC’s poor performance in 2023.

”We note that the imposition of candidates for elective and party positions was responsible for the failures of the party in the 2023 governorship and House of Assembly elections,’ the communiqué said.

‘Henceforth, the processes of electing party candidates and officers must be credible, transparent, free and fair. ”Activities of some aspirants who are seeking elective positions have been floating and nurturing groups, and this is further causing divisions within the party. We therefore resolved that party interests must take precedence over and above personal interests.

‘Aspirants are enjoined to concentrate efforts on promoting the party, instead of promoting group interests. We also note that some aspirants have been campaigning and making inflammatory comments capable of deepening divisions within the party. We therefore resolved that campaign activities are premature at the moment, most especially taking cognisance of the INEC guidelines.’

The communiqué equally expressed concern about the misuse of social media by some members to spread misinformation and internal disputes.

‘We note that there is a gross misuse of social media platforms by some party members and such misuse is further causing divisions within the party. We therefore resolved that the use of social media as a means of passing information concerning the party must be controlled.’

Supreme Court has reserved judgment in a suit filed by the Attorney General of Osun State against the Attorney General of the Federation (AGF), in relation to the dispute over the withheld allocations due to local governments in the state.

The plaintiff, in the suit marked: SC/CV/773/2025 seeks primarily among others, to restrain the AGF from instructing the Central Bank of Nigeria (CBN) to release the withheld funds to the local government chairmen and councillors elected on the platform of the All Progressives Congress (APC).

A seven-member panel of the Supreme Court, presided over by Justice Uwani Abba-Aji, took final arguments from lawyers to parties yesterday.

Justice Abba-Aji said judgment in the suit is reserved till a date to be communicated to parties.

Musbau Adetumbi (SAN) led the plaintiff’s legal team, while Akin Olujimi (SAN) and the Acting Director, Civil Appeals at the Federal Ministry of Justice, Tijani Gazali (SAN) lead the defendant’s legal team.

While arguing the plaintiff’s case, Adetunbi told the court that his client filed an originating summons on August 25 in which it formulated six questions for the court’s determination and prayed the court for 10 reliefs.

Adetunbi adopted all the documents he filed on behalf of his client and prayed the court to grant all the reliefs sought by the plaintiff and dismiss the defendant’s preliminary objection.

He told that court that while the case was still pending, the defendant attempted to destroy the res (subject of the dispute), by attempting to pay the withheld funds to one of the contending parties.

Adetunbi claimed that the money was moved from the CBN to a private bank, ‘but we were able to obtain a court order to stop the defendant from releasing the money.’

Olujinmi queried the competence of the suit, the court’s jurisdiction to hear it and the plaintiff’s locus standi (legal right to sue) and urged the court to dismiss the suit or strike it out for lacking in merit.

He argued that the case did not fall within the jurisdiction of the court to warrant the invocation of its original jurisdiction because the dispute is between two political parties and related to the tenure of elected local government officials.

Olujinmi argued that the case amounted to an abuse of court processes because the plaintiff filed multiple cases on the same dispute in both the state and federal high courts.

He further contended that the suit did not disclose any cause of action, adding that the tenure of the disputed council chairmen and councillors would expire on October 22.

Olujinmi argued that the proper thing was for the statutory allocation to be released to the elected APC officials to run the local governments.

In the suit, the plaintiff wants the court to issue an order, directing the AGF to immediately release the statutory allocations to chairmen and councilors elected on the platform of the Peoples Democratic Party (PDP) for the 30 local governments in Osun State.

The plaintiff said the decision to approach the Supreme Court was based on a letter by AGF according recognition to the disputed APC chairmen and councillors.

The Osun AG wants the court to issue an order stopping the AGF from further withholding, suspending or seizing monthly allocations and revenues standing to the credit of the constituents local governments, having democratically elected chairmen in place.

The plaintiff argued that the AGF was wrong in writing a letter recognising APC local government chairmen when the matter was pending in court.

According to the plaintiff, the election that brought in the APC officials as local government chairmen and councillors had been nullified by a Federal High Court and upheld by the Court of Appeal in Abuja.

The Nigerian Electricity Regulatory Commission (NERC) has said the cost of the Federal Government electricity subsidy was reduced to N514.35 billion in the second quarter of 2025 Q2 2025 from the N536.40 paid in the Q1 2025.

The decline was by 4.11 per cent, according to the commission’s Q3 Report.

The payment of subsidy was incurred due to lack of a cost-reflective tariff.

NERC said the total amount invoiced by the GenCos for energy delivered to each DisCo and the DRO- adjusted NBET invoice to the respective DisCos during 2025/Q2.

‘It is important to note that due to the absence of cost-reflective tariffs across all DisCos, the Government incurred a subsidy obligation of N514.35 billion 21; this represents a N22.04 billion (-4.11 per cent) reduction in FGN subsidy compared to 2025/Q1 (N536.40 billion).’

The report also noted that although the subsidy obligation of the government decreased in naira terms (-N22.04 billion), it accounted for 59.60 per cent of the total GenCo invoice, which is a 0.44pp increase compared to 2025/Q1 when subsidy accounted for 59.16 per cent of the total GenCo invoice.

NERC said this is because the actual generation cost (?/kWh) increased by 0.59 per cent, while the allowed end-user tariffs remained unchanged across the quarters.

According to the report, the total revenue collected by all DisCos in 2025/Q2 was ?564.71 billion out of the ?742.34 billion that was billed to customers.

This, said NERC, translates to a collection efficiency of 76.07 per cent.

In comparison, the report said, the total revenue collected by all DisCos in 2025/Q1 was ?553.63 billion out of the ?744.26 billion billed to customers, which translated to a 74.39 per cent collection efficiency.

This means that at an aggregate level, DisCos recorded a 1.68pp increase in collection efficiency between 2025/Q1 and 2025/Q2, according to the report.

NERC revealed that in 2025/Q2, three DisCos recorded collection efficiencies greater than 80per cent with Eko (87.80per cent ) recording the highest collection efficiency.

Conversely, it said Jos DisCo recorded the lowest collection efficiency at 43.82 per cent .

It added that on the other hand, the remaining five DisCos recorded declines in collection efficiency, with Abuja (-3.93pp) and Jos (-3.37pp) DisCos having the most significant declines across the quarters.

NERC explained that the Market Operator issues invoices to DisCos for energy transmission and administrative services.

The report said the period under review, DisCos made a total remittance of ?65.30 billion against the cumulative invoice of ?68.68 billion issued by the MO.

This payment, according to the report, translates to 95.07 per cent remittance performance and is a 1.25pp decrease

when compared to 96.32 per cent remittance performance recorded in 2025/Q1 when DisCos remitted ?59.49 billion out of ?61.76 billion invoice issued by the MO.

On the remittances made by bilateral customers (domestic and international) and special customers for invoices issued in 2025/Q2 by the MO, NERC noted they are the six international bilateral customers being supplied by GenCos in the NESI made a payment of $9.01 million against the cumulative invoice of $17.54 million issued by the MO for services rendered in 2025/Q2, translating to a remittance performance of 51.33 per cent .

It also said the domestic bilateral customers made a cumulative payment of ?1.401.00 billion against the invoice of ?2.796.29 billion issued to them by the MO for services rendered in 2025/Q2, translating to 50.10 per cent remittance performance.

The report explained that one domestic bilateral customer made payments during 2025/Q2 for outstanding MO invoices from previous quarters.

NERC said the MO received ?10.53 million from Trans-Amadi (OAU/FMPI) towards outstanding invoices from previous quarters.

Meanwhile, it said the special customer (Ajaokuta Steel Co. Ltd and the host community) did not make any payment towards the ?1.27 billion (NBET) and ?0.12 billion (MO) invoices received in 2025/Q2.

It explained that this continues a longstanding trend of non-payment by this customer, and the Commission has communicated the need for intervention on this issue to the relevant FGN authorities.