Tag: Egbin Power

‘False, Malicious Attempt At Self-Help,’ Ikeja Electric, Egbin Power, FFIPL Deny Takeover

ADEOLA YUSUF

    What the companies want general public, customers, financial partners, regulators, and all stakeholders to know, believe about court judgement on Receivership   Ikeja Electric Plc (IE), Egbin Power Plc, and First Independent Power Limited (FIPL), have refuted the media reports sourced from what they described as misleading advertorials published in This Day Newspapers on August 6, 2025, alleging the appointment of “Kunle Ogunba Esq. SAN” as Receiver/Manager over the entities. The Management of the power companies said in a statement to Platforms Africa that the publications, contrary to…

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‘Debt Recovery,’ Banks Takeover Ikeja Electric, Egbin Power, First Independent Power

ADEOLA YUSUF

    . ‘Kunle Ogunba (SAN) is now Receiver/Manager,’ Details of Federal High Court that placed three firms hitherto owned by Sahara Group under receivership + Names of Creditors Banks now in charge  . ‘We are not in receivership,’ Ikeja Electric, Egbin Power, First Independent Power react   A consortium of creditor banks has received the nod to takeover multi-million dollars assets belonging to Ikeja Electric, Egbin Power, and First Independent Power. Platforms Africa reports that a Federal High Court in Lagos, which declared this in a judgement, confirmed the…

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‘Why We Donated Multi-million Naira ICU,’ Egbin Power, Sahara Foundation Speak On CSR

ADEOLA YUSUF

Egbin Power Plc and Sahara Group Foundation have donated a fully-equipped Intensive Care Unit (ICU) to the General Hospital Ijede, Lagos. This is to further reinforce their commitment to the advancement of healthcare services in Nigeria. The newly built 5-bed ICU will further increase capacity for critical patient care and advance emergency response capabilities in Lagos State. While commissioning the facility, Egbin Power and Sahara Group Foundation emphasized that the initiative underscores their commitment to promoting access to quality critical healthcare services, in line with the Sustainable Development Goal (SDG)…

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Nigeria’s Power Generation Surges To 4,728.2MW

ADEOLA YUSUF

Shiroro Hydro, Jebba Hydro, Azura-Edo IPP, Egbin Power, Kainji Hydro, Delta Power and Odukpani National Integrated Power Project, NIPP; List of GenCos that contributed to the 17.53% increase   Nigeria’s power generation rose by 17.53 percent or 705.5 Megawatts, MW to 4,728.2MW on Saturday, from the 4,022.7MW recorded last Sunday, latest data by the National System Operator, NSO, has revealed. The rise in power generation came after about five weeks of stagnation following the collapse of the National Grid on September 26, 2022. Electricity output had hovered around the 4,000MW…

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