Oil & Energy
Two Arraigned OverN3m NITEL Cable Theft
Two men — Peter
Anosike and Ifeanyi Ani have appeared before an Igbosere Magistrates’ Court in Lagos charged with theft of Nigerian Telecommunications Limited (NITEL) cables valued at N3 million.
Forty-five-year-old Anosiike, a businessman, resides at No. 17, Sowemimo Street, Sabo Onigba area of Ojo, Lagos, while Ani, 26, a trader, lives at No. 40, Tunde Martins Street, Okokomaiko area of Lagos.
The two accused are facing conspiracy, stealing and offering gratification charges to a public official.
The prosecutor, Sgt. Friday Ekundayo, told the court that the accused with others still at large committed the offences on February 6 at 4.30 a.m. on Macdonald Road, Ikoyi, Lagos.
He said the men and their accomplices stole NITEL cables valued at N3 million.
“The accused were caught in the act by a team of policemen on patrol led by Cpl. Olaoye Rafiu.’’
According to Ekundayo, the accused offered the policemen a bribe of N182, 000 to prevent their arrest which was rejected by them.
The offences contravened Sections 64 (1), (a), 285 and 409 of the Criminal Law of Lagos State, 2011, he added.
The accused pleaded not guilty to the three-count charge.
Section 64 prescribes seven years imprisonment for offering gratification to a public official, while Section 285 provides a three-year jail term for stealing.
The Magistrate, Mrs Linda Balogun, granted the accused bail in the sum of N500, 000 each with a surety each in like sum.
She adjourned the case to March 12 for mention.
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Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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