Month: February 2021

$2.7bn Oil Theft: Court Blocks Shell’s Accounts as Feud with AITEO Worsens

ADEOLA YUSUF

    Legal fireworks between Shell Petroleum Development Company of Nigeria Ltd and Aiteo Eastern E & P Company Ltd over allegation of 16 million barrels of crude oil diversion begin   A Nigerian Court has granted an interim mareva injunction directing 20 commercial banks to block the accounts of oil giant, Shell Petroleum Development Company of Nigeria Ltd, in a bid to recover the cash value of more than 16 million barrels of crude oil allegedly diverted from AITEO Eastern E & P Company Ltd. Justice Oluremi Oguntoyinbo of…

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BREAKING Nigerian Power grid collapses, plunges Lagos, others into darkness

ADEOLA YUSUF

    The Nigerian electricity transmission system also known as the National grid collapsed on Wednesday plunging the whole of Lagos, commercial capital, and major cities across the country into darkness. Though the Transmission Company of Nigeria (TCN) was silent on the incident, Power utilìty companies in Lagos, Eko Electricity Distribution Company (EKEDC) and Ikeja Electric, confirmed the collapse in separate tweets. Spolesperson for TCN, Ndid Mbah, did not pick calls made to her number, she did not also respond to a text message seeking clarification on the grid collapse.…

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BREAKING:COVID-19 kills Zanzibar’s Vice President

ADEOLA YUSUF

  Hospitalised for three weeks, the Vice President of Zanzibar, an East African semi-autonomous Island, which has played down news about COVID-19 pandemic, died after suffering the dreaded virus.   The first vice president of Zanzibar, Seif Sharif Hamad, who led the island’s opposition for three decades, died Wednesday, the president said, after he had been hospitalised for over three weeks with coronavirus. Tanzania and its semi-autonomous island Zanzibar have played down the threat of the virus, which President John Magufuli claims has been fended off by prayer. However, Hamad’s…

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Theft: Why we Introduced Incentives for Whistle-blowers – Ikeja Electric

ADEOLA YUSUF

  One of the Nigeria’s power utility firms, the Ikeja Electric (IE) Plc, said it has introduced incentives for those willing to expose energy thieves within its network as a part of the Disco’s effort to curtail incidence of energy theft. IE said for established cases of energy theft, the whistle-blower would be rewarded from the reconnection penalty paid by the culprit in accordance with the fees stipulated in the Nigerian Electricity Regulatory Commission’s (NERC) Order on Unauthorised Access to Electricity Supply, Meter Tampering and Bypass for non-maximum demand and…

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Nigeria’s Petrol Price Hits N170 per litre

ADEOLA YUSUF

The Price of Premium Motor Spirit (PMS) also known as petrol has hit N170 per litres in Lagos, Nigeria’s commercial capital. Filling stations in the city as well as in the neighbouring Ogun state, according to checks by Platforms Africa, increased the pump price of petrol to as much as N170 per litre on Tuesday from N162 per litre. It was gathered that this is as a result of the supply shortage facing private depots in Apapa. Some of the stations were Capital Oil and Gas, Fatgbems and Amo Oil, all…

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How Bandits Abducted Dozens of Nigeria’s School Pupils in Night Raid

ADEOLA YUSUF

  The daredevil bandits, in the middle of the night, stormed the School’s premises, which has over 1000 pupils, overpowered the security guard, before whisking away the students at gunpoint.   Details have emerged on how Armed bandits, in a midnight raid, abducted dozens of pupils at Government Science College (GSC) Kagara, in Niger State. North-central Nigeria. The bandits in military uniforms, stormed the school premises which has close to 1000 students on Tuesday night, an Eyewitness account showed. It added that the bandits overpowered the security guard, before whisking…

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Nollywood actors mourn as another veteran dies

ADEOLA YUSUF

  The death has been reported of another prominent Nollywood actor, Victor Decker. Another actor, Uzee Usman, announced the death of his colleague on his Instagram page on Monday. Usman wrote on Decker: “Can’t believe I’m typing this! “But a reminder that this is not our home, we’re all on a journey! “This is how I chose to remember you! “Goodnight GENERAL! “Rest In Peace!” It will be recalled that another prominent Nollywood actor, Ernest Asuzu, died recently after battling illness for about six years.

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BREAKING: Nigeria’s Inflation rate hits 16.47%, about 4-year highest

ADEOLA YUSUF

  Nigeria has never suffered such surge in inflation rate since April 2017   Inlation rate in Nigeria has hit the ceiling of 16.47 percent, highest level to have been witnessed since about four years ago. The consumer price index, which measures the rate of increase in the price of goods and services, increased to 16.47 percent in January. The CPI/Inflation report released by the National Bureau of Statistics (NBS) shows that food inflation has also crossed the 20 percent mark. More to follow

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Olaiya Flyover: Should we spill more blood?, by Funke Egbemode

ADEOLA YUSUF

  It was supposed to be a quick errand. He was supposed to be back in a jiffy because it was an emergency. But it ended badly, in tears, pains, sorrow and tragic end. If he had ended in the emergency ward, maybe he would have had a chance. But it was not his day. Indeed, his days were over. Waheed (real name held back because the family will be mourning for a long time) woke up that morning hoping the day would be better than the previous one. His…

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39 sacked oil workers: Why Valiant, NUPENG ended faceoff

ADEOLA YUSUF

  More details have emerged on the reason the protracted impasse between the indigenous offshore drilling company, VALIANT Energy Services West Africa Limited and the National Union of Petroleum and Natural Gas Workers (NUPENG), over the sack of 39 workers, was ended by the two parties. A communique made available to Platforms Africa by the Commercial Manager of VALIANT, Mr Yele Fafowora, showed that the faceoff was called off after it was agreed that the benefits of the 39 sacked workers would be fully settled. The row was sparked by…

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