News
RMAFC Investment Committee Pays Courtesy Visit To NBET
Joel Ajayi
The Investment Committee of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), led by Hon. Ekene Enefe (Federal Commissioner representing Anambra State) paid a courtesy visit to the headquarters of the Nigerian Bulk Electricity Trading PLC (NBET) in Abuja recently .
In his opening remarks, Hon. Enefe explained that the visit was in line with the Commission’s constitutional mandate as provided under the RMAFC Act of 2025, Section 6 (2), which empowers the Commission to demand and obtain relevant information from government agencies as well as private sector operators.
He disclosed that the purpose of the visit was to interact with and better understand the activities, roles, and challenges facing NBET in the discharge of its mandate. The Commissioner further recalled that during a recent interactive session with the Niger Delta Power Holding Company (NDPHC), the issue of NBET’s indebtedness to NDPHC was raised, prompting the Committee to engage NBET directly to ascertain efforts being made to recover the outstanding funds.
“Since government intervention in the power sector is a continuous process, RMAFC has initiated activities to review the revenue allocation formula with a view to ensuring adequate funding of critical federal government projects, especially in the area of infrastructural development,” Hon. Enefe stated.
Responding, the Managing Director/Chief Executive Officer of NBET, Mr. Johnson Akinnawo described the agency as a “special trader” in the Nigerian Electricity Supply Industry (NESI). He explained that NBET serves as a bulk purchaser and reseller of electricity, managing contracts and obligations under power purchase agreements.
According to him, NBET acts as a bridge between power generation companies (GenCos) and distribution companies (DisCos), thereby ensuring stability and reliability in electricity supply. He added that NBET’s activities are designed to incentivize private sector investment in power generation and serve as a key government intervention mechanism in the sector.
On the issue of indebtedness to NDPHC, Mr. Akinnawo clarified that while NBET plays a role in debt recovery for GenCos and DisCos, the real-time monitoring of income and the sanctioning of defaulting organisations fall under the purview of the Nigerian Electricity Regulatory Commission (NERC) and the Central Bank of Nigeria (CBN).
He assured the Committee that NBET would provide a comprehensive list of indebted GenCos to aid the Commission’s work and further disclosed plans to convene an interactive session with relevant government agencies, to which the RMAFC Committee members would be invited.
News
Eagle Times Newspaper Will Be Voice for Nigerians – Publisher Chukwunyere Vows
Joel Ajayi
The Publisher of The Eagle Times Nigeria, Sir Ikechukwu Chukwunyere, has pledged that the newspaper will promote accountability, credible journalism and public-interest reporting in its coverage of national affairs.
Chukwunyere made the commitment on Thursday, October 1, 2026, during the official unveiling and launch of The Eagle Times Nigeria.
He said the new media organisation was established not merely to add another newspaper to Nigeria’s media landscape, but to provide a platform committed to serving the public interest.
According to him, the newspaper’s guiding philosophy, “The Voice for the People, The Watchdog for the Nation,” places a responsibility on the organisation to listen to Nigerians, tell their stories, highlight issues affecting their daily lives and scrutinise those entrusted with public responsibilities.
“To be a voice for the people means that we must listen to Nigerians, tell their stories, highlight their concerns and give visibility to issues that affect their daily lives,” he said.
The publisher added that The Eagle Times would be guided by accuracy, fairness, professionalism, credibility and responsible journalism, stressing that the newspaper would not publish stories merely because they were sensational.
“We will verify. We will investigate. We will seek the other side. We will correct our mistakes when we make them,” he said.
Chukwunyere further stated that the newspaper would endeavour to give individuals and organisations the opportunity to respond whenever allegations were made against them.
“Our commitment is not to any political party, government or individual. Our primary commitment is to journalism, to truth and to the Nigerian public,” he said.
He noted that the newspaper was launching at a time when the media industry was undergoing rapid transformation, with audiences increasingly consuming news through digital platforms, including websites, television, podcasts and social media.
He said The Eagle Times would therefore operate as a multimedia organisation, combining its newspaper with digital platforms and The Eagle Times TV to reach audiences across different channels.
According to him, the organisation also intends to create opportunities for young journalists, writers, photographers, producers, digital creators and other media professionals to develop their skills and contribute to journalism and national development.
Chukwunyere said the newspaper’s coverage would include politics, governance, business, economy, security, judiciary, education, health, technology, sports, entertainment, lifestyle and international affairs.
He, however, said the organisation intended to distinguish itself not only by the subjects it covered but by the quality and approach of its journalism.
We want to tell stories that matter, we want to investigate issues that require investigation, we want to highlight Nigerians who are making a difference, and we want to give communities that are often ignored an opportunity to be heard,” he said.
The publisher acknowledged the challenges involved in establishing a newspaper, saying the venture required investment, commitment, professional discipline and the courage to pursue an idea.
He expressed appreciation to the management, editorial, reporting, production and digital teams, as well as families, friends, partners and supporters who contributed to the establishment of the organisation.
Chukwunyere also assured readers, viewers and the newspaper’s digital audience that The Eagle Times would strive to earn their trust and remain accountable to the standards it had set for itself.
He said the newspaper’s success would not be measured only by circulation figures, website traffic or social media followers, but also by the confidence Nigerians placed in its journalism.
“Today, we spread our wings. Today, The Eagle Times takes flight,” he said, reaffirming the newspaper’s commitment to its slogan: “The Voice for the People, The Watchdog for the Nation.”
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