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(Nigeria) The Board Chairman of Seplat Energy Plc, Mr. Basil Omiyi, has assured that the company would hold its scheduled Annual General Meeting, AGM, on Wednesday, in compliance with the final and binding judgment of a Federal High Court sitting in Abuja. The court, Tuesday, in its judgment, ordered Seplat Energy Plc to hold its AGM as scheduled. The judgment by Justice A. Mohammed in suit number FHC/ABJ/PET/7/2023 - Akinnifesi & Adelaja V. Seplat Energy Plc - ‘further restrains any current or former directors, shareholders, and officers of the company from cancelling or postponing the AGM as announced to the public.” Consequently, Mr. Basil Omiyi in a statement said that in due compliance with the law and the judgment, its AGM will hold on May 10, 2023, at 11a.m., as expressly ordered by the court. According to him, the announcement on the AGM, “Is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule).” The suit before Justice Inyang Ekwo, wa...

VP Yemi Osinbajo has commissioned 240MW Afam Three Fast Power plant in Afam, Rivers State (Nigeria) Vice President Yemi Osinbajo has commissioned Transafam Power Limited, a subsidiary of Transnational Corporation Plc’s 240MW Afam Three Fast Power plant in Afam, Rivers State. With an already existing power plant residing in Afam, this brings the cumulative generating capacity of the plant to 1,000MW. In line with Transcorp’s transformative drive, the VP and Chairman of National Council of Privatisation NCP, Prof. Yemi Osinbajo, Tuesday presented Transcorp Power Limited, its post privatization discharge certificate, following fulfilment of all privatisation conditions at the meeting of the NCP. This means the power company will no longer be subjected to post-privatisation monitoring. Speaking at the commissioning ceremony the Vice President lauded Transcorp Group's impressive strides in the power sector, saying, “the last few days I must say belongs to Transcorp Power. Just ye...

*President Muhammadu Buhari (Nigeria) Amid probe of the alleged loss of over $2.4 billion in revenue from illegal sale of 48 million barrels of crude oil export in 2015 and the the call by the Socio-economic Rights and Accountability Project, SERAP, for President Muhammadu Buhari to set up a presidential panel of enquiry to probe allegations that over 149 million barrels of crude oil are missing, as documented in the 2019 reports by the Auditor General of the Federation and Nigeria Extractive Industries Transparency Initiative, NEITI, the Conference of Nigeria Political Parties, CNPP, has said that such investigation by the current administration would be fruitless. In a statement by its Secretary General, Chief Willy Ezugwu, the CNPP noted that President Buhari cannot probe himself as the Minister of Petroleum Resources since 2015. While SERAP also urged the President to ensure prosecution of anyone suspected to be responsible for plundering the country’s oil wealth and make full re...

*President Muhammadu Buhari (Nigeria) Socio-Economic Rights and Accountability Project, SERAP, has urged President Muhammadu Buhari to “set up a presidential panel of enquiry to promptly probe the grim allegations that over 149 million barrels of crude oil are missing, as documented in the 2019 audited reports by the Auditor General of the Federation and Nigeria Extractive Industries Transparency Initiative, NEITI.” SERAP also urged him to “ensure the effective prosecution of anyone suspected to be responsible for the plundering of the country’s oil wealth and the full recovery of any proceeds of crime.” According to the 2019 audited report by the Auditor General over 107 million barrels of crude oil were lifted as domestic crude without any document or tracing. NEITI also reported missing 42.25 million barrels of crude oil in 2019. In the letter dated April 22, 2023, by SERAP deputy director, Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in ensu...

*Embattled of Seplat Energy Plc, CEO, Mr. Roger Brown (Nigeria) A Federal High Court, sitting in Lagos on Thursday vacated the interim ex-parte orders previously made by the court, restraining the Chief Executive Officer of Seplat Energy Plc, Mr. Roger Brown, from participating in the management of the company. Trial judge, Justice Aneke vacated the order while ruling on applications filed by the Respondents, namely Seplat Energy Plc, Mr. Roger Thompson Brown, Mr. Basil Omiyi, and Persons affected by the ex parte orders in Suit No. FHC/L/402/2023. The court held that by virtue of Order 26 Rules 9 and 10 of the of the Federal High Court Civil Procedure Rules 2019, the interim orders of the court made on 8th March 2023 are hereby discharged and vacated. The court also refused the request of counsel to the petitioners to move his application for joinder. Justice Aneke held that the business of the day was for ruling on application to set aside the ex-parte orders made on 8th of March 2023...

* Transcorp Power Limited (Nigeria) Managing Director/Chief Executive Officer of Transcorp Power Limited , Christopher Ezeafulukwe, has frowned on the heavy costs associated with servicing equipment such as turbines outside the country, adding that these has significantly increased the operating costs of affected power companies. According to him, the fact that these companies in Nigeria have to resort to incurring additional costs while servicing their turbines remains a huge downside to the business amounting to millions lost in foreign currencies, which the country could have saved if these services could be sourced locally. Ezeafulukwe was addressing members of the press following a guarded tour of the facilities in Transcorp’s Plant in Ughelli, Delta State, by a delegation from the Army War College of Nigeria as part of their environmental study tour; where he pointed out that Nigeria's overdependence on technical services from abroad, was also bound to increasingly expos...

*Maj. Gen. Barry Ndiomu (retd) (Nigeria) Elders and Stakeholders from the nine states of the Niger Delta region under aegis of Movement for the Sustainable Development of the Niger Delta, MSDND, have expressed concern over the dwindling fortunes of the Presidential Amnesty Programme, PAP, due to the alleged divided attention of the Interim Administrator, Maj. Gen. Barry Ndiomu (retd), following his appointment as the Chairman of an 11 man committee of the Special Investigative Panel on Oil Theft in the region by the Presidency. According to MSDND, despite the fact that the people of the region were elated that the Presidency found Ndiomu worthy of heading the Special Investigative Panel on Oil Theft, the daily operations of PAP, such as staff welfare, payments to thousands of PAP beneficiaries, tuition fees payment to thousands of beneficiaries, empowerment programmes, payment to legitimate contractors and a host of other issues bordering on our national security were being neglected...

*OML30 (Nigeria) A Lagos based a ctivist, O.S. Umukoro, has charged the management of N igerian National Petroleum Corporation, N NPC Exploration and Production Limited NEPL, Shoreline Natural Resources Limited, Heritage Energy Operational Sevices Limited and Community Development Board , CDB led by Chief Idu Amadhe to uphold the fact that contracts and pipeline surveillance job in OML30 wa s not an inheritance for any individual. The a ctivist called on Federal Government and security agencies to monitor and apprehend any persons attempting to ferment trouble in OML30 over the pipeline surveillance job, adding that no individual has the right to lay claim to any job in OML30. Umukoro, an indigene of Kokori c ommunity, Cluster 4, in OML30, Delta State,   yester day, said, indigenes from oil producing community in OML30, have equal rights to   be awarded contracts , including the pipeline surveillance job. "We are aware that the pipeline surveillance job had expired an...

*Lauretta Onochie, NDDC chairman (Nigeria) The Chairman of the Governing Board of the Niger Delta Development Commission, NDDC, Mrs.   Lauretta Onochie, has urged stakeholders in the Niger Delta region to support the Board and Management to enable them actualise the mandate of the Commission. Speaking at the end of a 3-day Board and Management Retreat of the NDDC in Uyo, Akwa Ibom State, Onochie said that it was imperative that all stakeholders in the Niger Delta region, including the staff of the Commission, support the vision of the new leadership in NDDC. She appealed to Niger Deltans to be part of the changes that were beginning to manifest in the drive to reposition the NDDC and ensure that it became an effective interventionist agency. Onochie said: “I urge all our stakeholders to embrace the new spirit of change so that we can all join hands to turn things around for good in the Niger Delta region. We need the support of everyone in this quest to fast track the develop...

*President Muhammadu Buhari of Nigeria (Nigeria) Socio-Economic Rights and Accountability Project , SERAP , has filed a lawsuit against President Muhammadu Buhari over “the failure to reverse the unlawful, unjust, and unreasonable increase in electricity tariff, and to probe the spending of public funds as ‘investments and bailouts’ to DisCos and GenCos since 2005.” Respondents in the suit are the Attorney-General of the Federation and Minister of Justice, Abubakar Malami , SAN, the Nigerian Electricity Regulatory Commission , NERC, and the Nigeria Bulk Electricity Trading P lc . Following reported approval by the NERC, electricity tariffs were increased across DisCos in the country in December 2022. Several prepaid customers have reportedly confirmed the increase. The Minister of Power and NERC have refused to confirm or deny the increase. In the suit number FHC/L/CS/99/2023 filed last Friday at the Federal High Court, Lagos, SERAP is asking the court to “compel President Buhar...

(Nigeria) Socio-Economic Rights and Accountability Project , SERAP , has filed a lawsuit against the oil producing states in Nigeria over “their failure to account for the spending of the oil derivation refunds of N625b illio n recently paid to them by the Federal Government, including details and locations of projects executed with the money.” The Federal Government recently paid N625.43 billion oil derivation refunds to the governors of Abia, Akwa Ibom, Bayelsa, Delta, Edo, Rivers, Ondo, Imo and Cross River states. The payments covered 13 percent oil derivation, subsidy, and SURE-P refunds. The refunds date from 1999 to 2021. In the suit number FHC/ABJ/CS/2371/2022 filed last Friday at the Federal High Court, Abuja, SERAP is asking the court to “direct and compel the governors to disclose and widely publish the details of spending of the oil derivation refunds, subsidy, and SURE-P refunds.” SERAP is also asking the court to “compel President Muhammadu Buhari to direct anti-cor...

(Nigeria) Socio-Economic Rights and Accountability Project , SERAP , has filed a s uit against the government of President Muhammadu Buhari over “the failure to probe the operations of illegal oil pipelines between 2001 and 2022, to name and prosecute those suspected to be involved, and to recover proceeds of crime.” The suit was filed by SERAP, Chief Eric Dooh, (who is suing for himself as a leader of the Goi Community in Gokana Local Government Area of Rivers State, and on behalf of the Goi Community), and 15 other concerned Nigerians. The suit followed recent reports of the discovery of at least 58 illegal oil pipelines used to steal the country’s oil wealth. The stealing is reportedly carried out through the illicit pipeline connected to the trunk line via an abandoned pipeline, and linked to a location in the high sea, where they load crude oil into vessels and sell overseas. In the Suit No ECW/CCJ/APP/53/22 filed last Friday before the ECOWAS Court of Justice in Abuja, the...

(Nigeria) A group of lawyers have petitioned the Senate Ad-Hoc committee over alleged illegal oil lifting from the Ugo Ocha export terminal at Oil Mining Lease , OML , 42. Investigations revealed OML 42 is located in the swamps of the Western Niger Delta , comprising four flow stations with a combined production capacity of 30,000 barrels of oil per day operated by Neconde Energy Limited. The lawyers through their counsel, O.F Emmanuel & CO in a letter dated September 21 , 2022 , by the principal partner, Oluwatosin Emmanuel to the Nigerian Senate , called for probe into the circumstances on how an average one million barrels of oil is being taken away monthly without accurate measurement due to the absence of meters at this export terminal. The petitioners, who noted that Neconde ha d rebuffed all attempts to install a metering system known as LACT unit at the export terminal, called for an investigation on why the company operates the terminal in violation of the Fed...

*Governor Douye Diri of Bayelsa State (Nigeria) Governor Douye Diri of Bayelsa State has alongside leaders of the Ijaw National Congress , INC , and other stakeholders calmed frayed nerves arising from the pipeline surveillance contract awarded by the Federal Government to Chief Government Ekpemupolo aka Tompolo. Diri also said leaders of the Ijaw nation and other ethnic nationalities in Niger Delta have resolved to work together to protect federal government facilities in the region. The governor stated this, weekend, at the end of a meeting of critical stakeholders of the Ijaw nation led by the INC President, Prof. Benjamin Okaba, in Government House, Yenagoa. Diri noted that the meeting examined the various issues that threatened the unity of the Ijaw nation following the award of the pipeline surveillance contract to Tompolo’s firm. He explained that the meeting was held to foster peace and unity within Ijaw land and that all parties agreed to sheathe their swords. Tompo...

With global majors diversifying energy portfolios across Africa’s hydrocarbon-rich basins, vast opportunities continue to emerge for indigenous independent energy companies to accelerate the production and exploitation of the continent’s oil and gas resources for Gross Domestic Product growth. The African Energy Chamber (AEC), as the voice of the African energy sector, continues to expand its support for and collaboration with independent African energy firms to optimize the exploitation of the continent’s estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas reserves to make energy poverty history by 2030 and drive socioeconomic development. In this regard, the AEC is proud to announce that Nigerian oil service company Oando Energy Services will attend and participate at this year’s edition of the African Energy Week (AEW) conference and exhibition – Africa’s biggest event for the energy sector which will take place from October 18 - 21 in Cape Town ­– as...