Nigerian Senate committee on power, steel development and metallurgy have recommended a jail term of 10 years without an option of fine for anyone found guilty to have conspired, procured and to hold stolen parts and components of public power equipment in custody. The committee asked the Senate to consider and pass an amendment of the Electric Power Sector Reform Act No. 6,2005 to prohibit theft of electricity, theft and destruction of electricity supply, infrastructure and prescribe appropriate penalties for violations, and for other related matters, 2019(SB.496).
Nigerian Electricity Regulatory Commission (NERC) had in November 2018 presented a bill to the Senate, seeking seven years jail term for electricity theft. The bill is entitled ‘A Bill for an Act to prohibit and prevent electricity theft, power infrastructure vandalization and power company protection 2017.’ The commission claimed that stealing and sabotage were responsible for between 30 per cent and 35 per cent energy loss in the country. It frowned on some consumers who it claimed by-passed meters and also vandalize transformers and feeder pillars, among others. “If we fail to act decisively in correcting the ills of the power sector, including public power leakage, the opportunity for the country to recover could be lost,” the commission warned.
Source: The Guardian
FG Shortlists Four Firms For Afam Power, Yola Disco’s Sale – Punch
The Federal Government has given its nod to three firms to proceed with the financial bids opening in the bid to acquire Afam Power Plc, an electricity generation company. It has also given approval to one firm, Quest Electric Nigeria Limited, to proceed with financial bid opening for Yola Power Plc, an electricity distribution company covering the North-eastern part of the country. Head of Public Communications at the Bureau of Public Enterprises, Amina Othman, disclosed these in a statement made available to our correspondent in Abuja on Monday. According to Othman, the National Council on Privatisation chaired by the Vice-President, Prof Yemi Osinbajo, gave the approvals at its first meeting in 2019 in Abuja last week.
Another major decision taken by the council was the decision to put up Nigeria Communications Satellite Limited, operator of Nigeria’s communications satellite, for privatization through a strategic core investor sale. A major characteristic of the decision on Afam Power Plc is the offering of 100 per cent equity to the prospective core investor. Government had retained about 40 per cent stake in the other generation and distribution companies that were earlier sold by the government in 2013.