NERC: Senate Denies $10m Bribery Allegation, Says Ramat’s Screening Halted Over Public Petitions

Sunday Aborisade in Abuja

The Senate yesterday dismissed as false and malicious the allegation that its leadership received a $10 million bribe to halt the screening and confirmation of Mr. Abdullahi Garba Ramat as Chairman of the Nigerian Electricity Regulatory Commission (NERC).

In a statement issued in Abuja, Chairman of the Senate Committee on Media and Public Affairs, Senator Yemi Adaramodu, said the Red Chamber stepped down Ramat’s confirmation due to what he described as “a baggage of public and private complaints” filed against the nominee.

He said the decision of the red chamber was not because of any form of inducement.

The Senate’s clarification followed an allegation by Alwan Hassan, a former Special Adviser to ex–Vice President Yemi Osinbajo, who claimed that the leadership of the 10th Senate collected a $10 million bribe to frustrate Ramat’s confirmation.

Describing Hassan’s accusation as “baseless and satanic verses of a political mercenary,” Adaramodu said the Senate would take legal action to compel him to substantiate his claims in court.

The Senate Spokesperson said, “The attention of the Senate has been drawn to the uncoordinated cacophony of one innocuous Alwan Hassan, who is a hand-tool to one Mr. Abdullahi Garba Ramat.

“Mr. Alwan has ludicrously alleged that the Senate was compromised by yet-to-be-disclosed ghosts to reject the nomination and confirmation of Mr. Ramat.

“For the unsuspecting public not to be persuaded by the satanic verses of this political feckless mercenary, the Senate wishes to state that Mr. Garba Ramat has a baggage of public and private complaints against his nomination.”

Adaramodu stressed that the Senate acted strictly within its constitutional duty, adding that several nominees have been stepped down in the past over similar public concerns.

“The Senate is bound statutorily to halt actions on anyone under such public questioning. Many nominees have been stepped down due to such outcry. The case of Mr. Ramat is not an exception,” he said.

The Senate spokesman emphasised that the upper legislative chamber had no prior relationship with the NERC nominee before his name was forwarded for confirmation.

He said, “No one can drag the institution of the National Assembly into public opprobrium with unfathomable allegations in order to arm-twist the legislature. Nigerians deserve appointees who pass through watertight screening processes, not those who attempt to bully their way through blackmail,” Adaramodu stated.

He added that the Senate respects citizens’ views and petitions as part of its constitutional oversight duties and would not compromise the integrity of the screening process.

“The Senate is an institution of noble Nigerians who respect the opinions, complaints and compliments of citizens. We don’t know Mr. Ramat personally; we are only bound to listen to and investigate issues raised against any nominee presented to us,” he said.

With the controversy now assuming a legal dimension, the Senate vowed to drag Hassan before a court of law to prove his bribery allegations or face the consequences of defamation.

​  

  • Related Posts

    Burna Boy Leads as Davido, Wizkid, Ayra Starr Bag Grammy Nominations

    Burna Boy Leads as Davido, Wizkid, Ayra Starr Bag Grammy Nominations

    Ferdinand Ekechukwu

    The Recording Academy, organisers of the Grammy Awards, yesterday announced nominees for its 68th edition, with Afrobeats artistes well represented in the annual global music awards ceremony.

    Scheduled to hold on Sunday, February 1, 2026, at the Crypto.com Arena in Los Angeles, the event would celebrate recordings released between August 31, 2024, and August 30, 2025.

    Among the African artists that made a strong showing across the global and African music categories were five Nigerians and nine continental acts earning nominations.

    Burna Boy received two nominations — Best African Music Performance for “Love” and Best Global Music Album for “No Sign of Weakness,” making him the highest-nominated African artist in the 2025 edition.

    Other Nigerian stars on the list include Davido, Omah Lay, Ayra Starr, and Wizkid, alongside continental heavyweights such as Angélique Kidjo (Benin), Eddy Kenzo (Uganda), Tyla (South Africa), and Youssou N’Dour (Senegal).

    In the Best African Music Performance category, Nigeria’s dominance was unmistakable, with “Love” by Burna Boy, “With You” by Davido featuring Omah Lay, and “Gimme Dat” by Ayra Starr featuring Wizkid* all nominated.

    Other contenders include “Hope & Love” by Uganda’s Eddy Kenzo and Mehran Matin, and “PUSH 2 START” by South Africa’s Tyla. Burna Boy also breaks through beyond Africa-focused recognition, landing nominations in Best Global Music Album for his 2025 album No Sign of Weakness.

    In the Best Global Music Album category, Burna Boy is competing against Senegalese legend Youssou N’Dour (Eclairer le Monde – Light the World), Beninese icon Angélique Kidjo (Jerusalema in the performance category), and India’s Anoushka Shankar (Chapter III: We Return to Light).

    This year’s nominations mark another major moment for Afrobeats and African pop, following the Grammy’s decision to expand and recognise African categories that reflect the continent’s growing global influence.

    Beyond Africa, Kendrick Lamar leads this year’s field with nine nominations, including Album of the Year for GNX and Record of the Year for Luther with SZA.

    Lady Gaga and Bad Bunny follow closely with seven and six nominations, respectively, while Sabrina Carpenter, Leon Thomas, and Tyler, the Creator also scored multiple nods across major categories.

    The Recording Academy made changes this year to make the Grammys more inclusive and globally representative, adding that the updates reflect the “evolving landscape of world music.”

    The 68th Grammy Awards will air live on CBS and Paramount+, celebrating artists across 95 categories, including pop, rap, R&B, gospel, rock, jazz, country, and global music.

    Recall that Tems put Nigeria on the world map after winning the Best African Music Performance category at the 67th Grammys. Tems won the Best African Music award ahead of Yemi Alade’s ‘Tomorrow’, Asake ‘MMS’ ft Wizkid, Chris Brown’s ‘Sensational’ feat Davido & Lojay, and Burna Boy’s ‘Higher.’

    ​  

    Ferdinand Ekechukwu The Recording Academy, organisers of the Grammy Awards, yesterday announced nominees for its 68th edition, with Afrobeats artistes well represented in the annual global music awards ceremony. Scheduled

    Read more

    CBN: Bank Recapitalisation Central to Building Resilient, $1trn Economy

    CBN: Bank Recapitalisation Central to Building Resilient, $1trn Economy

    Nume Ekeghe
    The Central Bank of Nigeria (CBN) has restated that the ongoing recapitalisation of banks is not merely a compliance directive, but a bold, strategic move to strengthen the resilience, inclusiveness, and credibility of the country’s financial system and position it to power Nigeria’s $1 trillion economic ambition by 2030.

    Speaking at the three-day retreat of the Association of Corporate Affairs Managers of Banks (ACAMB) held in Abeokuta, Ogun State, the CBN Deputy Governor in charge of Financial System Stability, Mr. Philip Ikeazor, said the recapitalisation policy embodies, “a statement of resilience and ambition,” designed to equip Nigerian banks to withstand shocks, expand credit to the real sector, and play a catalytic role in driving inclusive growth.

    According to Ikeazor, the retreat’s theme, “Banks’ Recapitalisation and Beyond,”directly aligns with one of the apex bank’s most important policy priorities enhancing the soundness and competitiveness of the financial system.

    He stated: “This recapitalisation follows a period of global financial volatility, inflationary pressures, and exchange-rate realignment.
    “The primary objective of the CBN for the exercise is to ensure that Nigerian banks maintain sufficient buffers to absorb shocks, sustain credit flows, and remain competitive in an increasingly interconnected but more unpredictable global environment.”
    Noting that 2030 was only five years away, he urged industry stakeholders to be “bold and deliberate,” calling for collective resolve and ingenuity to make the vision a reality.

    On the rationale for the exercise, Ikeazor explained that the recapitalisation follows a period marked by global financial volatility, inflationary pressures, and exchange rate realignment.
    Drawing parallels with the landmark 2005 consolidation that birthed a new generation of stronger banks, Ikeazor said the current exercise seeks to build institutions that can finance ambitious infrastructure projects, support innovation, and promote inclusive, sustainable growth.

    He added: “The Central Bank views the ongoing recapitalisation exercise not as an end, but a means to an end as an enabler for deeper financial intermediation — expanding access to credit, supporting digital banking ecosystems.”
    In his remarks, the President of ACAMB, Mr Bolarinwa Babalola, reiterated that the recapitalisation provides a unique opportunity for the industry to reimagine the future of Nigerian banking, emphasising trust, inclusion, and collective growth.

    He added: “As we all know, the recent recapitalisation exercise is not merely a regulatory hurdle; it is a catalyst for re imagining Nigerian banks as stronger, more trusted, and more inclusive institutions that can support Nigeria’s ambition of a $1 trillion economy.

    “Beyond balance sheet growth, the real value lies in brand resilience  the ability to retain and deepen trust among customers, investors and communities and in expanding financial inclusion for MSMEs, women led enterprises, and the unbanked in our rural areas.”

    He added: “Let this retreat be more than a knowledge sharing forum. Let it be the beginning of a community of practice that pilots joint brand narratives, shares data driven insights, and demonstrates that a well capitalised bank can be a catalyst for inclusive growth.
    “As we say in Nigeria, “When the tree is strong, the birds that rest on it are many.” Let us together build those stronger trees.”

    ​  

    Nume EkegheThe Central Bank of Nigeria (CBN) has restated that the ongoing recapitalisation of banks is not merely a compliance directive, but a bold, strategic move to strengthen the resilience,

    Read more

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Veritas Kapital swings to N1.8 billion profit in Q3 2025, beats forecast 

    Veritas Kapital swings to N1.8 billion profit in Q3 2025, beats forecast 

    AU rejects U.S. accusation of Christian persecution in Nigeria 

    AU rejects U.S. accusation of Christian persecution in Nigeria 

    Bridging Nigeria’s Housing Gap

    Bridging Nigeria’s Housing Gap

    JeGO Technologies Introduces EV, Zero

    JeGO Technologies Introduces EV, Zero

    Building Bridges for Local Creatives

    Building Bridges for Local Creatives

    Turkish Airlines Secures $412m Facility from Bank of China

    Turkish Airlines Secures $412m Facility from Bank of China

    Dufil Scales Up Investment in Tutors, Drives Innovative Skills

    Dufil Scales Up Investment in Tutors, Drives Innovative Skills

    Firm Announces New Solutions, Taps Partners to Deepen Energy Access

    Firm Announces New Solutions, Taps Partners to Deepen Energy Access

    Suzuki by CFAO Mobility Hosts Grand Open Day, Launches New Dzire, Jimny Tour Drive

    Suzuki by CFAO Mobility Hosts Grand Open Day, Launches New Dzire, Jimny Tour Drive

    Nestoil promoters accused of mounting judicial pressure to reverse court order 

    Nestoil promoters accused of mounting judicial pressure to reverse court order 

    Nigeria’s $2.3 billion Eurobond costly at 9%, says Nairametrics CEO 

    Nigeria’s $2.3 billion Eurobond costly at 9%, says Nairametrics CEO 

    Banks’ cash with CBN increases to N4.8 trillion as liquidity swells 

    Banks’ cash with CBN increases to N4.8 trillion as liquidity swells 

    Naira falls to N1,438.5/$1 at official market despite reserve gains 

    Naira falls to N1,438.5/$1 at official market despite reserve gains 

    Whistleblower alleges plot to transfer Nestoil debt case to ‘corrupt judge’

    Whistleblower alleges plot to transfer Nestoil debt case to ‘corrupt judge’

    Breaking: NGX bleeds N2.8 trillion in one week as investors dump stocks 

    Breaking: NGX bleeds N2.8 trillion in one week as investors dump stocks 

    NIMASA Boss: Judiciary Key to Realisation of Blue Economy Benefits 

    NIMASA Boss: Judiciary Key to Realisation of Blue Economy Benefits 

    Ellah Lakes capital raise on the NGX: An integrated agribusiness giant shifts into high gear 

    Ellah Lakes capital raise on the NGX: An integrated agribusiness giant shifts into high gear 

    Meta earns $7 billion yearly from scam ads on Facebook, Instagram – Report 

    Meta earns $7 billion yearly from scam ads on Facebook, Instagram – Report 

    Amazon extends haul’s ultra low-price shopping experience to Nigeria with new amazon bazaar app

    Amazon extends haul’s ultra low-price shopping experience to Nigeria with new amazon bazaar app

    60% HP Discount Codes & Coupons November 2025

    60% HP Discount Codes & Coupons November 2025

    Govee Discount Codes and Deals: 30% Off

    Govee Discount Codes and Deals: 30% Off

    Western Digital Promo Code: 10% Off

    Western Digital Promo Code: 10% Off

    Meta Quest Promo Codes: $50 Off | November 2025

    Meta Quest Promo Codes: $50 Off | November 2025

    Home Chef Promo Code: 50% Off

    Home Chef Promo Code: 50% Off

    Walmart Promo Codes and Coupons: $10 Off

    Walmart Promo Codes and Coupons: $10 Off

    Top Verizon Promo Codes & Deals | November 2025

    Top Verizon Promo Codes & Deals | November 2025

    Factor Promo Code: Up to $130 Off Meal Prep

    Factor Promo Code: Up to $130 Off Meal Prep

    How to Follow the Trajectory of Comet 3I/Atlas

    How to Follow the Trajectory of Comet 3I/Atlas

    Mexico City Is the Most Video-Surveilled Metropolis in the Americas

    Mexico City Is the Most Video-Surveilled Metropolis in the Americas

    COP30: Nigeria to mobilise $3 billion annually in climate finance – Shettima 

    COP30: Nigeria to mobilise $3 billion annually in climate finance – Shettima 

    AEDC lays off workers in major restructuring drive 

    AEDC lays off workers in major restructuring drive 

    NGX reaffirms leadership in advancing Africa’s Islamic finance ecosystem 

    NGX reaffirms leadership in advancing Africa’s Islamic finance ecosystem 

    Presco PLC announces N237 Billion Rights Issue to fund expansion and strengthen regional market leadership 

    Presco PLC announces N237 Billion Rights Issue to fund expansion and strengthen regional market leadership 

    UK’s immigration crackdown to cost $5.7 billion, Home Office warns 

    UK’s immigration crackdown to cost $5.7 billion, Home Office warns 

    Wale Edun: $2.35 billion Eurobond raise reflects confidence in Nigeria’s economy 

    Wale Edun: $2.35 billion Eurobond raise reflects confidence in Nigeria’s economy 

    Best performing PFAs in October 2025: OAK Pensions and Nigerian University Pension lead across funds 

    Best performing PFAs in October 2025: OAK Pensions and Nigerian University Pension lead across funds