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Kaduna Government Seals Kaduna Disco Office Over N600 million ‘Unpaid Tax’
The Kaduna State Internal Revenue Service has announced that it sealed the Kaduna Electricity Company Plc (Kaduna Electric) office over unpaid taxes amounting to N600 million.
The State Internal Revenue Service disclosed this on its X page on Friday, August 2, 2024.
It revealed that the decision is in line with Section 104 (1) & (4) of the Personal Income Tax Act, 2011, and Section 37 (3) & (4) of the Kaduna State Tax Codification and Consolidation Law, 2020, which empowers the service to enforce tax compliance.
Sealing Approved by Court
According to Zakari Jamilu Muhammad, the service’s Head of Corporate Communications, its officials had to seal the business premises of Kaduna Electric due to significant established tax liabilities.
Furthermore, he stated that the development was based on a court order.
“The Service secured a court order for the immediate closure and taking over of the company’s property until all unpaid taxes are settled,” the statement partly read.
More Insights
Amid the development, the Kaduna Electricity Company Plc (Kaduna Electric) later announced that it had cut off electricity supply to the Kaduna State Government House and other state government offices due to unpaid bills amounting to N2.9 billion.
Kaduna Electric disclosed this in a statement on Friday, August 2, 2024, indicating that the development underscores “growing tensions” between utility providers and state governments.
What You Should Know
The development comes as Kaduna Electric seeks financial stability.
Nairametrics previously reported that the Nigerian Electricity Regulatory Commission (NERC) had approved the acquisition of a 60% equity stake in Kaduna Electricity Company Plc (Kaduna Electric) by ASI Engineering Limited.
This was disclosed by Kaduna Electric via its X page on Friday, July 13, 2024.
The equity transaction followed a NERC report from six months ago, which revealed that the electricity distribution company had a debt of N110 billion ($130 million) owed to various entities, including the Nigerian Bulk Electricity Trader and power generation firms.
As disclosed in the statement at the time, ASI’s vision is to make Kaduna Electric a national leader in electricity distribution, driving sustainable development and enhancing the quality of life through innovative and reliable solutions, thereby impacting residents, businesses, and industries in its franchise states (Kaduna, Zamfara, Sokoto, and Kebbi).
The collaboration is expected to focus on modernizing the electricity distribution network, implementing innovative solutions for energy management, and fostering greater customer satisfaction and engagement.
NERC was appreciated for facilitating the approval alongside the Bureau of Public Enterprises (BPE).
The terms of the acquisition agreement include that ASI will prioritize investments in Kaduna Disco infrastructure upgrades, employee training, and development, while embarking on community engagement initiatives to create lasting value for all stakeholders.
News
Rivers Assembly Suspends Impeachment Move Against Fubara After Tinubu’s Intervention
The Rivers State House of Assembly has officially suspended impeachment proceedings against Governor Siminalayi Fubara and his deputy, Ngozi Odu, following President Bola Tinubu’s intervention.
The House moved the motion to halt the impeachment process on Thursday at its resumed sitting in Port Harcourt, the state capital.
JomogNews had reported that during its first sitting of 2026, the House had begun impeachment proceedings against the governor and his deputy over allegations of gross misconduct, including the demolition of the State Assembly complex and alleged spending without legislative approval, among other claims.
More details later….
News
Reserves Surge To $48.5bn As Nigeria Reclaims 2013 Peak Levels
Nigeria’s foreign exchange (FX) reserves have reached $48.5 billion, their highest level in nearly 13 years.
This milestone, confirmed by data from the Central Bank of Nigeria (CBN), surpasses previous multi-year peaks and represents the strongest balance since May 14, 2013, when reserves stood at approximately $48.51 billion.
However, the data showed that the foreign reserves increased steadily by 6.45 percent or $2.94 billion year-to-date, from $45.56 billion reported on January 1 to $48.5 billion.
Further checks showed that the FX reserves figure was $48.36 billion on Monday.
According to the CBN, FX reserves are assets held on reserve by a monetary authority in foreign currencies, which are used to back liabilities and influence monetary policy.
On December 22, 2025, the apex bank projected that the country’s external reserves would rise to $51.04 billion in 2026, saying the increase will be supported by FX reforms.
“Reforms in the foreign exchange market are expected to sustain exchange rate stability, while external reserves are projected to increase to US$51.04 billion,” CBN said.
On February 10, Olayemi Cardoso, governor of CBN, said the bank will do “whatever it takes” to safeguard the value of the naira, while strengthening the country’s external reserves.
Looking ahead to 2030, he said the CBN’s targets include achieving single-digit inflation and growing foreign exchange (FX) reserves driven by non-oil exports, foreign direct investment, and diaspora remittances.
News
Ogun Police Launch Investigation Into TikToker Mirabel’s Sexual Assault Claims
The Ogun State Police Command has launched an investigation into sexual assault allegations made by a TikToker known as Mirabel (@mirab351), who is currently receiving treatment in an Intensive Care Unit (ICU).
The case gained widespread attention after she posted emotional videos on Monday, February 16, detailing an attack she claimed occurred at her home the previous Sunday.
The command’s Public Relations Officer, Oluseyi Babaseyi, disclosed the development on Thursday while speaking on The Morning Brief.
Babaseyi confirmed that Mirabel voluntarily visited the Ibafo Police Division on Tuesday, February 17, to lodge a formal complaint and was subsequently admitted to the hospital for medical care due to her unstable condition.
“When the DPO in Ibafo met with her, she was taken to the hospital for medical analysis. She wasn’t as stable as necessary, but we ensured the investigation continued.
“As we speak, she is in the intensive care unit getting appropriate care. Her medical well-being is more important to us at this point. When she is stable, we can now continue investigations and get the necessary facts,” Babaseyi said.
According to Babaseyi, the incident reportedly occurred in Ogijo, a border community between Ogun and Lagos states.
The police have established that Mirabel was not arrested, but rather, she is being treated as a victim.
The command urges individuals with useful information to come forward and assist with the investigation.
“She was not arrested by the police. She reported a case, and we are investigating. Nothing like her arrest happened,” he said.
“If the allegation is established to be true, the perpetrator will be arrested and charged to court appropriately. Otherwise, the law also addresses giving false information,” the police stated.
The police said they will rely on evidence to reach a logical conclusion and take appropriate action.
“We advise people not to jump to conclusions based on emotions. We are investigating and will rely on evidence to reach a logical conclusion,” Babaseyi said.
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