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Governors Reject Loan Requests, Electricity Tariff Soars by 240%, Mercy Chinwo Takes Legal Action: Weekly News Recap

Anger flared this week as Nigerians took to the streets to protest a staggering 240% increase in electricity tariffs imposed by the Federal Government.

Meanwhile, the Debt Management Office remains under scrutiny as several state governors challenge its debt report, claiming inaccuracies.

In another development, the impeachment proceedings against Philip Shaibu, the Deputy Governor of Edo State, gained momentum, with his absence from the panel further fueling speculation.

Gospel singers Nathaniel Bassey and Mercy Chinwo, along with her husband Blessing Uzochikwa, took legal action against social media users spreading defamatory rumors, adding a twist to the week’s events.

Here’s a rundown of the key news stories from March 31 to April 6, 2024:

Governors Deny Borrowing Claims: Following the release of the Debt Management Office’s sub-national debt reports, several state governors, including those of Kaduna, Benue, Katsina, and Zamfara, vehemently denied allegations of taking on new loans.

Outcry Over Tariff Surge: The Nigerian Electricity Regulatory Commission’s announcement of a 240% increase in electricity tariffs drew widespread condemnation from various quarters, with civil society organizations and trade unions labeling the move as oppressive and detrimental to the public’s welfare.

Bobrisky Faces Charges: Controversial figure Bobrisky found himself in legal trouble as the Economic and Financial Crimes Commission filed charges against him for alleged money laundering and abuse of the naira. Despite being granted bail, he remained in EFCC custody pending further legal proceedings.

Shaibu’s Impeachment Drama: Edo State’s Deputy Governor, Philip Shaibu, stirred controversy by failing to appear before the impeachment panel investigating allegations against him, raising eyebrows and speculation about the unfolding situation.

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Amidst these events, the public eagerly awaits further developments and responses from relevant authorities.