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On The Verge Of Collapse, 13 Gencos Drag FG To Court - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / On The Verge Of Collapse, 13 Gencos Drag FG To Court (13128 Views)

Gas Shortage: Blackout Looms Nationwide As Gencos Cut Generation / Niger Bridge At Risk Of Collapse, Igbo Group Cries Out / Customers Now To Buy Electricity Direct From Gencos - FG (2) (3) (4)

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Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by AngelicBeing: 5:36pm On Mar 07, 2018
Sagay212:
BUHARI AND FAILURE
Hahaha grin

Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by Nobody: 5:41pm On Mar 07, 2018
Listen folks, I do not like commenting anymore but it is better you are informed so you can make your decisions, religious or tribal, it is your port of call.

The man we have as President, does not understand a thing about these technical terms, and I am sure most of you too do not understand.

What they mean is that Buhari prefers to pay just two companies, Azura and Accugas, I do not know the people who own those two companies, but not only that, those two companies are indemnified and can not loose money if business goes south in the power sector. That is favoritism, that is bad.

Then he pays them regularly from the loan meant for the whole Gencos and pays the remaining 13 when ever he likes without following the agreed timetable. Meanwhile our national grid is about to collapse.

If you love yourselves, prepare for the dark days if Buhari returns in 2019. He is not a bad man, but he is 100% ignorant and now these guys are charging the country extra 200 billion interest, in excess of about 700 billion, now that is wisdom of an ancient man.

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Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by Chukazu: 6:17pm On Mar 07, 2018
Useless GENCOS and Clueless DISCOS ...I pray they collapse so Nigerians can be free from their slavery
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by otokx(m): 6:21pm On Mar 07, 2018
Some people have good supply of electricity and pay their bills, the Gencos and the Discos should be merged so that the end user pays bills directly and stop government intervention.
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by Xano(m): 6:50pm On Mar 07, 2018
GavelSlam:
Why didn't they join the World Bank in the suit?

It is important to read and comprehend, think before you reply.

Be truthful, it will do you good
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by Xano(m): 6:53pm On Mar 07, 2018
Chukazu:
Useless GENCOS and Clueless DISCOS ...I pray they collapse so Nigerians can be free from their slavery

Read and comprehend. Observe companies involved. Study their grievances.

On their grievances and prayers to court, they may have a strong case.

1 Like

Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by freshdude99(m): 7:12pm On Mar 07, 2018
usba:
Government should just collect it's property back. before it was government workers dubiously cheating us now private sector is reaping us off and ensnaring us with loans. Another scam packaged and produced by the GEJ administration with special effects from Adoke
U r still calling out GEJ?
Dude wake up you are snoring deeply!
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by edupedia: 7:20pm On Mar 07, 2018
NaijaMutant:
Buhari and his goons are running Nigeria aground undecided



Fashola's incompetency now lays bare for all Nigerians to see.


It's quite easy to be an arm chair critic. Mr rocket science grin

...u are also an armchair critic...or are u not?
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by akigbemaru: 7:25pm On Mar 07, 2018
dre11:






https://www.thecable.ng/verge-collapse-13-gencos-drag-fg-court

Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by Chukazu: 7:49pm On Mar 07, 2018
Xano:


Read and comprehend. Observe companies involved. Study their grievances.

On their grievances and prayers to court, they may have a strong case.

The foundation was faulty from day1

Most of them new nothing about power generation but were more interested in fleecing Nigerians
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by mechanics(m): 10:48pm On Mar 07, 2018
They should hand over the assets back to the govt if they can give us sufficient power supply.
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by jpphilips(m): 1:02am On Mar 08, 2018
dre11:






https://www.thecable.ng/verge-collapse-13-gencos-drag-fg-court


People in the South East don't even know what Seven energy means, junk Journalism!!
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by Nobody: 1:48am On Mar 08, 2018
doctokwus:
The privatization of power generation and distribution in the past dispensation was one of the biggest scams in the history of Nigeria ,probably second only to that of the oil industry.
Power generation and distribution were handed over to political and government affiliated persons with neither the financial wherewithal,the knowledge,capacity nor experience to run even a 1kw capacity generator.
This government,itself lacking capacity,full of incompetent and nepotic individuals,built and sustained on the same foundation of crass corruption has just taken it to the next stage by narrowing down the corrupt,incompetent breed to just the most connected and probably most corrupt of the individuals running the Gencos.
100
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by BetaThings: 3:38am On Mar 08, 2018
NaijaMutant:
Buhari and his goons are running Nigeria aground undecided



Fashola's incompetency now lays bare for all Nigerians to see.


It's quite easy to be an arm chair critic. Mr rocket science grin

You did not read the story
If there was no AG then, there was also no Minister of Power then
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by BetaThings: 3:43am On Mar 08, 2018
400billionman:
In 2015 under Jonathan I was used to enjoying 12 hours of power supply everyday, but today under Buhari I don't see up to one hour of uninterrupted power supply. whenever they supply power, it is either half or quarter current and it shows up once or twice a week, I guess that is the meaning of CHANGE


PROPAGANDA!
Jonathan did the privatisation
Sold the companies to his friends who did not have the financial resources to own those companies
Even Tony Elumelu admitted that a lot of the companies did not have the money for investment in the sector
Go and watch the session between Elumelu and Osinbajo during the last National Economic Summit Group

Buhari was under pressure to reverse the privatisation but he declined because the propagandists would accuse him of bad faith

https://nairametrics.com/why-cbn-is-giving-discos-and-gencos-n213b-loan/
This was before the 2015 election

IN spite of privatization of the power sector, the country has not been able to achieve regular power supply. What do you think is the problem? I think the problem is that ipso facto, the privatization of the power sector was not designed by those who packaged it to be a means towards ending the problem of irregular power supply in the country.

In other words, the privatization was not a people’s oriented idea and to that extent, the incoming government riding on its manifesto that emphasizes benefits for the people, needs to tinker with it especially by ensuring removal of political influences in line with the global practice which allows carrier professionals with core competence and practical experience in managing such a critical sector to play the lead role in designing an acceptable process.

13 may 2015 - Before Buhari was sworn in
Mr Goody Duru-Oguzie, is not Hausa or fulani
https://guardian.ng/energy/privatisation-was-not-designed-to-tackle-irregular-power-supply/
Re: On The Verge Of Collapse, 13 Gencos Drag FG To Court by aluma(m): 6:36am On Mar 08, 2018
No need thier contract is set to expire by October as we were told dey shu just jejely leave us alone oh

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