Oil & Energy

Police, Electrical Dealers Clash In PH

Published

12 years ago

August 18, 2014

Commercial activities at the
Electrical Parts Market, along Okija Street in Diobu, Port Harcourt were disrupted Saturday following a clash between some members of the Electrical Parts Dealers Association and officers of the Rivers State Police Command.
The Tide gathered that trouble started when a team of Policemen from Mile I Area Command on patrol ordered a young boy carrying cable from parking shop to stop.
Our source said the boy instead of stopping, ran away leaving the wire and the police chased him.
“Unable to catch the boy, the police siezed the wire and threw it into their vehicle”, said our source.
As the police wanted to drive off, other electrical dealers came out and wanted to know why the policemen were taking the wire away and exchange of words and argument started”.
Sensing trouble, the police were said to had called for re-enforcement and a truck load of officers arrived the scene, while the electrical dealers also mobilised in larger number and barricaded the popular Ikwerre and Umuoji roads, thereby creating panic amongst members of the public most of who abandoned their vehicles and ran for their lives.
The Tide gathered that it took the intervention of some executive members of the association to get the irate members remove the barricade.
Not satisfied, according to the source, the dealers moved in their large number to the Mile I Police Station to see the DPO. The source said, on seeing the crowd of dealers, police men at the station sensed more trouble and began to shoot in the air.
The windscreen of the police truck was touched during the fracas while two members of the dealers were arrested.
One of the electrical dealers, who identified himself as Vitalis decried the attitude of the police, saying they always come here to harass and intimidate us at the slightest provocation, they arrest our members. Enough is enough!
He explained that the young boy carrying the wire is a small boy who was brought in newly from the village. “So he ran away out of fear of being arrested”, he stated.
Vice president of the Electrical Dealers Association, Mr Ochomma Chukwudi confirmed the incident.
He said, cordial relationship exists between the police and the dealers and would want such relationship to continue.
“Though I learnt while the fracas ensued, some miscreants took advantage of the confusion to break the windscreen, but whichever, I condemn in its totality, touching of the truck and throwing of pure water on the policemen”, he said.
He also noted that due to the position of the electrical market, police men always come to arrest members at slightest provocation and called on authorities of the police command to prevail on those on patrol to recognise the fact that the area is a market where one can move his good from parking shop to where he sells or dash across to the next store of his friend or colleague to collect items to make up.
But he also said, he always warn members not to take laws into their hands. “If police stops you to find out anything, you don’t need to run. We have Police Relations Committee that can come for your rescue if you are arrested in error,” the vice president said.

Chris Oluoh

l-R: Chairman, Senate Committee on Power, Senator Philip Aduda, Minister of Power, Prof. Chinedu Nebo and Minister of State for Power, Mr Mohammed Wakil, at the inauguration of the National Council on Power in Abuja last Thursday.

Oil & Energy

NERC, OYSERC Partner To Strengthen Regulation

Published

1 day ago

February 23, 2026

The Tide

THE Nigerian Electricity Regulatory Commission (NERC) has stressed the need for strict adherence to due process in operationalizing state electricity regulatory bodies.

It, however, pledged institutional and technical support to the Oyo State Electricity Regulatory Commission (OYSERC).

The Chairman, NERC, Dr Musiliu Oseni, who made the position known while receiving the OYSERC delegation, emphasised that the establishment and take-off of state commissions must align fully with the law setting them up.

Oseni said that the NERC remains committed to partnering with State Electricity Regulatory Commissions (SERC) to guarantee their institutional stability, operational effectiveness and long-term success.

He insisted that regulatory coordination between federal and state institutions is critical in the evolving electricity market framework, noting that collaboration would help to build strong institutions capable of delivering sustainable outcomes for the sector.

Also speaking, the Acting Chairman, OYSERC and leader of the delegation, Prof. Dahud Kehinde Shangodoyin, said that the visit was aimed at formally introducing the commission’s acting leadership to the NERC and laying the groundwork for a productive working relationship.

Shangodoyin said , the acting members were appointed to provide direction and lay a solid foundation for the commission during its transitional period, pending the appointment of substantive members.

“We are here to formally introduce the acting leadership of OYSERC and to establish a working relationship with NERC as we commence our regulatory responsibilities,” he said.

He acknowledged NERC’s readiness to provide technical and regulatory support, particularly in the area of capacity development, describing the backing as essential for strengthening the commission’s operations at this formative stage.

“We appreciate NERC’s willingness to support us technically and regulatorily, especially in building our capacity during this transition,” he added.

Oil & Energy

NLC Faults FG’s 3trn Dept Payment To GenCos

Published

1 day ago

February 23, 2026

The Tide

The Nigeria Labour Congress and the Association of Power Generation Companies have engaged in a showdown over federal government legacy debt.

NLC president Joe Ajaero has faulted the federal government’s move to give GenCos N3 trillion from the Federation account as repayment for a power sector legacy debt, which amounts to N6.5 trillion.

In a statement on Thursday, Ajaero said the Federal Government proposed the N3 trillion payment and the N6 trillion debt as a heist and grand deception to shortchange the Nigerian people.

“Nigerians cannot and should not continue to pay for darkness,” Ajaero stated.

Meanwhile, the Chief Executive Officer of the Association of Power Generation Companies, APGC, Dr. Joy Ogaji, said Ajaero may be ignorant of the true state of things, insisting that the federal government is indebted to GenCos to the tune of N6.5 trillion.

She feared the longstanding conflict could result in the eventual collapse of the country’s power.

According to her, the federal government’s N501 billion issuance of power sector bonds is inadequate to address its accumulated debt.

Oil & Energy

PENGASSAN Rejects Presidential EO On Oil, Gas Revenue Remittance ……… Seeks PIA Review

Published

1 day ago

February 23, 2026

The Tide

The Natural Gas Senior Staff Association of Nigeria(PENGASSAN) Festus Osifo, has faulted the public explanation surrounding the Federal Government’s recent oil revenue Executive Order(EO).

President of the association, Festus Osifo, argued that claims about a 30 per cent deduction from petroleum sharing contract revenue are misleading.

Recall that President Bola Ahmed Tinubu, last Wednesday, February 18, signed the executive order directing that royalty oil, tax oil, profit oil, profit gas, and other revenues due to the Federation under production sharing, profit sharing, and risk service contracts be paid directly into the Federation Account.

The order also scrapped the 30 per cent Frontier Exploration Fund under the PIA and stopped the 30 per cent management fee on profit oil and profit gas retained by the Nigerian National Petroleum Company Limited.

In his reaction, Osifo, while addressing journalists, in Lagos, Thursday, said the figure being referenced does not represent gross revenue accruing to the Nigerian National Petroleum Company Limited.

He explained that revenues from production sharing contracts are subject to several deductions before arriving at what is classified as profit oil or profit gas.

Osifo also urged President Bola Tinubu to withdraw his recently signed Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026.

He warned that the directive undermines the Petroleum Industry Act and could create uncertainty in the oil and gas industry, insisting that any amendment to the existing legal framework must pass through the National Assembly.

Osifo argued that an executive order cannot override a law enacted by the National Assembly, describing the move as setting a troubling precedent.

“Yes, that is what should be done from the beginning. You can review the laws of a land. There is no law that is perfect,” he said.

He added that the President should constitute a team to review the PIA, identify its strengths and weaknesses, and forward proposed amendments to lawmakers.

“When you get revenue from PSC, you have to make some deductibles. You deduct royalties. You deduct tax. You also deduct the cost of cost recovery. Once you have done that, you will now have what we call profit oil or profit gas. Then that is where you now deduct the 30 per cent,” he stated..

According to him, when the deductions are properly accounted for, the 30 per cent being referenced translates to about two per cent of total revenue from the production sharing contracts.

“In effect, that deduction is about two per cent of the revenue of the PLCs,” he added, maintaining that the explanation presented in the public domain did not accurately reflect the structure of the deductions.

Osifo warned that removing the affected portion of the revenue could have operational implications for NNPC Ltd, noting that the funds are used to meet salary obligations and other internal expenses.

“That two per cent is what NNPC uses to pay salaries and meet some of its obligations.The one you are also removing from the midstream and downstream, it is part of what they use in meeting their internal obligations. So as you are removing this, how are they going to pay salaries?” he queried.

Beyond the immediate impact on the company’s workforce, he cautioned that regulatory uncertainty could affect investor confidence in the sector.

“If the international community and investors lose confidence in Nigeria, it has a way of affecting investment. That should be the direction. You don’t put a cow before the horse,” he added.

According to him, stakeholders, including labour unions and industry operators, should be given the opportunity to make inputs at the National Assembly as part of the amendment process saying “That is how laws are refined,”