Skip to main content

Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...

Man jailed for manfor destroying sub-station equipment

Man jailed for destroying sub-station equipment

By Akinola Ajibade 

An Owerri Chief Magistrate Court has sentenced a man identified as Idris Ibrahim to two years imprisonment for vandalising power sub-station, as well as stealing telectrical armoured cable whort several million of naira.
The items belonged to the  Enugu Electricity Distribution Company ( EEDC))one of the distribution firms unbundled from the defunct Power Holding Company of Nigeria (;PHCN) during the privatisation of the sector in 2004.
Ibrahim ( 24)  was jailed by the Court sitting in Owerri on the basis of stealing and destruction of properties belonging to the utility company.
In his ruling, His Lordship Ojinnaja.C, said that the  office was punishable under section 390(9) of the criminal code CAP 'C38' Laws of the Federal Republic of Nigeria 2004 as applicable in Imo State.
According to him, the property  was situated at Imo Housing World Bank Estate in Owerri.
He said that the offence punishable under section 390(9) of the criminal code CAP 'C38', Laws of the Federal Republic of Nigeria 2004 as applicable in Imo State.  
Idris,, who pleaded guilty to the charge was apprehended on 16th March, 2022 by the residents  of the  and subsequently handed over to the New Owerri Police Station, along with the vandalized armoured cable.
In a statement issued by the Company's  Head of Corporate Communications Mr. Emeka Ezeh and made available to the News Mirror,  the firm said that the convict was  remanded at the Owerri Correctional Centre, in the state,  where he would be serving his term, while the court ordered that the recovered vandalized item with a view to hand it over to the management of the Enugu-base utility fir
He commended the efforts of the residents, who apprended the vandal, adding that their actions have shown that all the Statements made by the company in order to guarantee the safety of its properties was true.
Recall that a 22-year-old-man identified as Ifeanyi Ugwu was sentenced to three (3) years imprisonment by Hon. Justice H.A. Nganjiwa, at the Federal High Court 1, Awka, Anambra State, for vandalizing Aniawonwa 300KVA Transformer located at Eziama Village, Ojoto, Idemili South Local Government Area of Anambra State.

Comments

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first C...

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l...

Axella Plans To Deepen Gas Utilisation in Nigeria

Axella' s Director of Business Development, Mr Franklin Imole By Favour  Ifeoluwa & Akinola Ajibade Axella's Gas Processing Plant announces Final Investment Decision ( FID) to develop a 50 MMASCF/D Gas Processing Plant, with h a view to deepen utilisation of gas  in the country. The firm, which is situated  in 0ML 56 in Delta State,  said that its making strategic investment in order to ensure that gas is available for industrial use in Nigeria. Situated in  Delta State, Southern Nigeria and billed to commence operation by the end of 2024, the facility, Axella' said, boasts of 12 MMSCF  Modular Plant with an interconnection pipeline network of about 4kilometres alongside other ancillary infrastructure. The facility, the company added, is expected to commence operation by the end of this year. Speaking on the plant ,  Axella's  Director of Business Development, Franklin Imole said: " As the Federal Government continues to pursue its...