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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

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 sect

Fed Govt will end oil theft, if..........

  Fed Govt will end oil theft, if.......... By Akinola Ajibade The Federal Government will bring the menace of crude oil thefts and associated practices to end soon,  if all go according to plans.  The government is set to achieve this goal through the  Nigerian Upstream Petroleum Regulatory Commission ( NUPRC). Speaking during a stakeholders' forum in Abuja recently, the Commission's Chief Executive officer, Mr Gbenga Komolafe, said that the agency is in the process of upgrading and deploying the National Production Monitoring System ( NPMS)  facility, with a view to combat the activities of oil thieves and further block all the avenues through which the proceeds of the criminal  indulgence is going to. According to him, the deployment of NPMS, which is an electronic system that is used to  monitor oil and gas production in Nigeria, would help in curbing such activities. He said NUPRC, an agency of the Federation Government, which was set up to replace the Departme

Egbin- Operators: Drive Seamless Growth In The Sector

By Akinola Ajibade Egbin- Operators: drive seamless growth in the sector Egbin Power Plc is seeking rapid improvements in the ways and manners, in which electricity is being generated, distributed and transmitted in the country. The firm recently inducted thirty graduate trainees in order to achieve this goal.  Picked from different universities across the country, the graduates, who are mostly engineers, are expected to undergo trainings in various strategic areas of electricity production in Nigeria and beyond. They include thermal, hydro and renewables. Prior to this, Egbin, a subsidiary of the Sahara Power Group, has inducted over 200 graduate trainees.  Speaking at the Energy Training Centre, which is the venue of the induction ceremony at Egbin, the Group Managing Director, Sahara Power, Mr Kola Adesina, said that the firm has succeeded in changing power narratives in the country. According to him, the company has helped in broadening the horizons of many graduates, a