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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...

Ikeja Electric moves against energy thefts, others





By Akinola Ajibade


Ikeja Electric,is seeking support of stakeholders to tackle rising cases of energy theft and vandalism in its network.

The firm said that cases of illegal connections, meter bypass, apathy to payment of electricity bills and vandalism have been alarming in recent times, with the adverse effects on the consumers and the company's funds.

According to Head Corporate Communications, Ikeja Electric, Mr Felix Ofulue, the issue is causing untold problems to the organisation, which has to look for funds to improve operations.

While conveying  his company’s request at a gathering of community media publishers in Lagos, Ofolue lamented the alarming cases of illegal connections, meter bypass, apathy to payment of electricity bills and vandalism have been on a steady rise recently.

He narrated instances where customers using prepaid meters connive with electricians to bypass meters with the aim of evading payment for energy consumed.

“Despite the company’s huge investments in power equipment, infrastructure upgrade and network optimization which runs into billions of Naira, the negative impact of the rising cases of energy theft and vandalism has become worrisome to the company, that is why we have commenced intensive campaign against energy theft and vandalism across our Business Units in order to curb the illegalities, while we are also soliciting the support of communities to assist Ikeja Electric in curbing these illegal activities.”

“The provision of improved and stable electricity supply is a collective responsibility that requires collaboration of stakeholders and should not be treated lackadaisically, as the ricocheting effect will not only impede progress in the power sector and affect revenue, but will also erode the quality of electricity supply to our customers,” Ofulue explained.

According to him, the company has intensified efforts towards closing the metering gap within its network by ensuring postpaid customers acquire prepaid meters seamlessly, whilst the Disco has also stepped up its sensitization campaigns against meter bypass across the six Business Units.

He warned of dire sanctions for offenders, saying it is a punishable offence under Section 94(3) of the EPSRA Act 2005 and culprits are liable to imprisonment for period of not less than five years and not more than seven years. Ofulue reiterated the company’s commitment to curbing energy theft, vandalism and other illegalities perpetrated by these unscrupulous elements within the network.

He also urged community leaders and customers to avoid taking laws into their hands by carrying out what is popularly known as jungle justice.

According to him, community leaders or members should endeavour to report energy theft through our whistle-blowing platform exopressyourself@ikejaelectric.com and also handover any apprehended vandals to police authorities for prosecution, while making sure that adequate security measures are put in place to safeguard the infrastructure within their communities.

The company noted that it has been working closely with security agencies to address issues of vandalism, energy theft including assault on its staff.

He  advised customers not to attack Ikeja Electric staff in the course of carrying out their legal duties.

He urged customers who have complaints or issues that need to contact customer care unit through customercare@ikejaelectric.com, or 01-7000250, 01-2272940 or visit the nearest office.


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