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Disco To Recover N1.3bn Debt – official

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The Management of Eko Electricity Distribution Company Plc (EKEDCP) has said that over N 1.33 billion was yet to be collected from customers for their bills in March.
Its Chief Executive Officer, Mr Oladele Amoda, disclosed this during a stakeholders’ consultative forum with Lekki customers in Lagos yesterday to rub minds on how to address payment of electricity bills.
Our source reports that the forum is tagged “prompt payment of electricity bills to enhance effective power supply’’.
Amoda, who was represented by the company’s Chief Operating Officer, Mr Sam Nwaire, said that the company recovered N4.8 billion payment out of N6.1 billion owed by customers for March.
He said that the company was still battling to recover over N.13 billion debt being owed by customers for the month, adding that such huge debts had affected the company’s major projects.
According to him, energy supply to the company from the national grid has increased from 150 megawatts to 300 megawatts in the month.
“This has boosted effective power distributions to customers but yet majority of the customers refused payment.
“In spite of the quantum of supply distributed to customers in the Month of March, large numbers of customers were yet to turn out for payment.
“We have equally recorded over N6.5 billion energy consumed by customers for the month of April but we are yet to compute the final payment chats and outstanding customers debt profile since the month is still running,’’ he said.
Amoda said that the 20 per cent compensation promised to offer anyone who reported energy theft by unscrupulous elements was yielding good result.
He said that the company recorded high rate of customers who came to report those engaging in such act.
According to him, we have received over 10 people who came to report those who are by-passing meters.
“A task force has been set up to inspect houses of consumers and impose a penalty of N1m on anyone caught in energy theft.
“The company would henceforth commence effective prosecution of energy theft suspects and also publish their names in the national dailies.
“We appeal to our customers to avoid engaging in by-passing the meters because it’s criminal and punishable under Electricity Regulation Code of Conduct Act,’’ he said.
On metering, Amoda said that the company had commenced deployment of the first phase of over 600 free pre-paid meters to all Eko disco’s district area.
He said that the company would ensure that over 140,000 free pre-paid meters are installed in every district areas before the end of the year while appealing to residents to ensure prompt payment of their bills.
The Eko disco boss said that about seven suspected vandals were arrested in various locations of its operations and were facing prosecution.
He said that one of them was caught at Thomas Street in Surulere area of Lagos when he was caught in the act by a security guard in the area.
The EKEDCP helmsman said that the suspect was caught trying to cart away 4core/70mm cable at Eko Club sub-station.
He urged communities to be vigilant and guard against activities of vandals in their area, adding that the company would work hand in hand with the police to ensure that the suspects and others would be duly prosecuted in the court.
Amoda said that the measure became necessary against the backdrop of over N1 billion lost to various forms of electricity theft and vandalism in the zone.
He said that electricity materials, such as cables and wires, had either been stolen or vandalised within its operations.
He said some areas where equipment vandalism had been rampant included Apapa, Mushin, Ikoyi, Ajegunle and FESTAC of Lagos State.
According to Mr. Amoda, equipment such as 300KVA and 500KVA are being destroyed in Eko Disco monthly.
“Vandalism of electricity installations in the areas has become a problem, and within the past four months, the unit has recorded further acts of vandalism of nine transformer substations,” he said.

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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