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FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in
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Fed Govt vows to deal with oil thieves, pipeline vandals, others


 

By Akinola Ajibade

...Kyari Optimistic of Containment
Chief Timipre Sylva, Minister of State for Petroleum Resources

The Federal Government has warned oil thieves, pipeline vandals and illegal refiners against causing more problems in the nation's oil and gas sector, saying that it would no longer condone the practices. 
The government further said that their days  are numbered , as iits planning to deal with perpetrators of such crimes soon.
The  Minister of State for Petroleum Resources, Chief Timipre Sylva; Chief of Defence Staff, General Lucky Irabor and the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commision (NUPRC), Engr. Gbenga Komolafe,gave the warning  during an on-the-spot- assessment of some pipelines damaged by pipeline vandals and other criminals in some areas and communities of Rivers State recently. 

At Ibaa Community in Emeoha Local Government of Rivers State where the powerful FG delegation witnessed an illegal refinery burnt down by the Military, Sylva said apart from causing huge losses for the country, the criminals were also destroying livelihoods of locals and the environment.

To solve the problem, Sylva said “the community must be involved, the security arm must be involved and the third arm which is the operating publics must also be involved. I want to let everybody know that these criminals have their days numbered because the country has lost so much from their activities.”

Also speaking, the Chief of Defence Staff, General Lucky Irabor said in carrying out Mr. President’s directives to contain losses from these criminalities, the Military will deploy a different strategy and a new drive by pursuing not only the criminals, but also their sponsors. “We are not only zeroing in on the criminals, but also on those who are supporting them.”

In his remarks, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe described the acts of crude oil theft and pipeline vandalism as “a national disaster and the perpetrators as criminals.”

“For those who want to do legitimate business, there are clear government regulations on how that is done. But what we’ve seen here today are criminals and their activities will no longer be tolerated.

On his part, the GMD/CEO NNPC, Mallam Mele Kyari explained that the scale of crude oil theft and pipeline vandalism seen in the community was beyond explanation, adding that all hands must be on deck to contain the spate of crude oil losses in the country.

While appreciating the current leadership of the Military, Kyari expressed confidence that through a collaborative effort of government security agencies, host communities and oil companies operating in the area and with the deployment of the right technology, the menace would be contained.


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