Sunday, September 15, 2019
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By Pamela Eboh, Awka

The EEDC office in Awka, Anambra State capital was recently besieged by hundreds of customers protesting the incessant epileptic power supply and the excessive tariff they pay on monthly basis.
The protesters who comprised mainly of those that ply their business along the popular Zik’s Avenue, Awka complained that their businesses are collapsing because of poor power supply.
Speaking to Journalists on behalf of the protesters, the Vice-Chairman of the traders who operate under, Zik’s Avenue Business Owners Association, Nze Ik Okafor said that the EEDC in addition to poor power supply, the company officials issued them excessive tariffs  through estimated bills, fixed charges adding that there was a period some parts of the area did not have electricity for about seven moths, yet those operating businesses in the affected areas were issued with bills to pay.
He stressed that they decided to vent their anger through public protest because some officials of the company came to disconnect the electric facilities in their area, and, threatened that they would not allow them to do so.
Okafor however called on the management of the company to come and restore electricity in their area and provide them with Pre-paid Metres so that they would be paying only for the electricity they consumed.
In a chat with Champion, one of the protesters, who gave his name as Mr. Chuka Chidebelu said that he was without light for  a period of seven months, from November last year but the company later told him to pay N5,000 fixed charge otherwise they would disconnect the electricity facility in his area.
He pointed out that he petitioned to the management against the charge but that they still insisted on his paying the amount otherwise they would disconnect him from their services.
Also another aggrieved EEDC customers executive, Mr. Bonvera Ndubuisi expressed disappointment over the manner the entire staff of the company ignored their protest and threatened that they would resist any attempt by the company’s workers to disconnect electricity facilities in their area.
Efforts made to get reactions of the officials of the EEDC on the development proved abortive as those approached declined making any comment saying that they were not allowed to talk to the press except the Public Relations Manager whom they said has his office at Onitsha, the state’s commercial nerve centre.

Comfort Ekeleme

Oando PLC has announced a net profit of N8, 980,019 billion for the first half of the 2014 financial year.
Listed on both the Nigeria Stock Exchange (NSE) and Johannesburg Stock Exchange (JSE), Oando is one of Nigeria’s leading indigenous oil and gas producers.
The half year 2014 result which was released on the floor of the Nigerian Stock Exchange (NSE) shows that the company posted an impressive N24 billion operation profit and an N9billion profit after tax, a 145 per cent and 110 per cent increase from first half of 2013 respectively.
The company is also paying a dividend of N1 per share based on a 2013 dividend of 30 kobo and 2014 proposed interim dividend of 70 kobo.
These impressive results indicate the company is beginning to reap the rewards of its landmark $1.5 billion acquisition of ConocoPhillips entire Nigerian business, which has transformed its status into Nigeria’s largest indigenous oil and gas producer.
With the acquisition now complete and immediately cash generative the company’s upstream subsidiary, Oando Energy Resources has a total hydrocarbon production capacity of approximately 45,000 boe/d, 2P Reserves of 230.6MMboe and 2C Resources of 547MMboe, and expects annual revenue of over $600 million, and annual free cash flows of $150 million.
Commenting on the results, Oando Group Chief Executive, Wale Tinubu said, “Our strategic refocus on the higher margin Upstream foresees immense value add for our stakeholders in the near term. We have succeeded in repositioning ourselves within the sector, and through future acquisitions and innovative efficacy we will seek to up our market share in sub-Sahara’s upstream sector within the next five years to 100,000 boe/d in net production.
However, Oando has also made significant progress in extracting value from its legacy assets.
Tinubu said, its OML 125 production increased by 17per cent to 651,000 bbls, while OML 56 production increased by 30 per cent to 171,000bbls compared to last year, significantly impacting on revenue and profit streams.
The company’s midstream business, Oando Gas and Power is currently undergoing an extension of its natural gas distribution network by 8km from Ijora to the Marina business district in Lagos state, positioning the company to benefit from the growing demand for gas and power infrastructure in the country.
In the downstream, the company recently completed construction of the Apapa Single Point Mooring (ASPM) Jetty, a first in Africa. The project is expected to improve overall downstream efficiency through cost savings on imports and the elimination of the current high cost of lightering and demurrage. The cost saving across the industry is estimated to be in excess of $120 million per annum.
Also released was the company’s end of year statement for 2013, which shows the company posted a N1.4 billion profit.This was greatly attributed to the acquisition cost and interest on debt facilities in Oando’s prolonged acquisition of ConocoPhillips Nigeria business assets.
In the first half of 2014, the group has already seen positive indications from its active strategic initiatives; upstream investments, midstream expansion and downstream optimisation. Based on its second quarter 2014 performance, it is likely to exist the year with a N24 billion profit.

Tunde Ojudun

The Federal Operations Unit, Zone ‘A’ of the Nigeria Customs Service (NCS) said that it recorded a seizure of the  highest number of bags of rice in one operation in its history of fighting smuggling.                        The unit seized  over 10,000 bags of 50kg foreign parboiled rice.
The  unit’s spokesman, Uche Ejesieme attested to it that it was the highest recorded in a singular operation in the history of the anti smuggling unit.
According to him,  the seizure was intercepted at the jungle of Igbesa creeks, Lusada Area of Ogun State by a patrol team coordinated  by the unit’s acting controller, Deputy Comptroller Turaki Usman, and having Deputy Comptroller in charge of Enforcement, Orobiyi Felix and other senior officers and men of the unit.
The image maker pointed out that  due to the volatile nature of the area, which he claimed usually makes  it increasingly difficult for its officers to intercept smuggled rice in the area, the unit sought the assistance  of neighbouring commands of Seme, Idiroko and other security agencies including the Nigerian Navy, Army and Civil Defense Corp to beef up security in the area for the  evacuation of  the seized  goods.
He said the seizure which value was yet to be determined as at press time was as a result of intelligence gathering of the unit.

image_demo_74Vestibulum molestie risus non mauris tincidunt iaculis id non elit. Sed id odio dui. In accumsan accumsan turpis, a lacinia nibh rhoncus eu. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Etiam vel pulvinar purus. Morbi sed fermentum felis. Integer elementum justo id justo viverra luctus. Proin eget placerat enim. Quisque eleifend sodales quam nec sodales. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Pellentesque nibh urna, faucibus a mattis et, scelerisque ut eros. Integer et nisl libero, faucibus malesuada felis. Vestibulum et ligula at risus eleifend tempor. Fusce fringilla ipsum eget tellus sodales nec convallis velit iaculis. Ut vitae ante vitae libero volutpat consequat vel at urna.

Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Aliquam bibendum varius nunc, eget porta nunc malesuada aliquet.

[quote]Curabitur ligula lorem, suscipit at vehicula quis, varius ut justo. Sed justo nulla, gravida ac semper id, facilisis sed purus. Morbi mauris nunc, tincidunt vitae convallis sit amet, hendrerit eu dui.[/quote]

Aliquam metus mi, rutrum at pharetra in, mattis at velit. Phasellus aliquam mollis velit, sit amet bibendum velit dictum ac. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Nullam vitae consequat dui. Vivamus sed ligula sed sem lacinia bibendum.

Proin eget risus diam. Donec lobortis accumsan velit, et convallis justo bibendum hendrerit. Fusce vitae imperdiet neque. Fusce sed nisl tempor enim rutrum posuere ac eget neque. Donec velit dui, volutpat sed laoreet sit amet, consequat vitae eros. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed.

Quisque placerat molestie dui ut viverra. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante.

image_demo_35Vestibulum molestie risus non mauris tincidunt iaculis id non elit. Sed id odio dui. In accumsan accumsan turpis, a lacinia nibh rhoncus eu. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Etiam vel pulvinar purus. Morbi sed fermentum felis. Integer elementum justo id justo viverra luctus. Proin eget placerat enim. Quisque eleifend sodales quam nec sodales. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Pellentesque nibh urna, faucibus a mattis et, scelerisque ut eros. Integer et nisl libero, faucibus malesuada felis. Vestibulum et ligula at risus eleifend tempor. Fusce fringilla ipsum eget tellus sodales nec convallis velit iaculis. Ut vitae ante vitae libero volutpat consequat vel at urna.

Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Aliquam bibendum varius nunc, eget porta nunc malesuada aliquet.

[quote]Curabitur ligula lorem, suscipit at vehicula quis, varius ut justo. Sed justo nulla, gravida ac semper id, facilisis sed purus. Morbi mauris nunc, tincidunt vitae convallis sit amet, hendrerit eu dui.[/quote]

Aliquam metus mi, rutrum at pharetra in, mattis at velit. Phasellus aliquam mollis velit, sit amet bibendum velit dictum ac. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Nullam vitae consequat dui. Vivamus sed ligula sed sem lacinia bibendum.

Proin eget risus diam. Donec lobortis accumsan velit, et convallis justo bibendum hendrerit. Fusce vitae imperdiet neque. Fusce sed nisl tempor enim rutrum posuere ac eget neque. Donec velit dui, volutpat sed laoreet sit amet, consequat vitae eros. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed.

Quisque placerat molestie dui ut viverra. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante.

image_demo_36Vestibulum molestie risus non mauris tincidunt iaculis id non elit. Sed id odio dui. In accumsan accumsan turpis, a lacinia nibh rhoncus eu. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Etiam vel pulvinar purus. Morbi sed fermentum felis. Integer elementum justo id justo viverra luctus. Proin eget placerat enim. Quisque eleifend sodales quam nec sodales. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Pellentesque nibh urna, faucibus a mattis et, scelerisque ut eros. Integer et nisl libero, faucibus malesuada felis. Vestibulum et ligula at risus eleifend tempor. Fusce fringilla ipsum eget tellus sodales nec convallis velit iaculis. Ut vitae ante vitae libero volutpat consequat vel at urna.

Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Aliquam bibendum varius nunc, eget porta nunc malesuada aliquet.

[quote]Curabitur ligula lorem, suscipit at vehicula quis, varius ut justo. Sed justo nulla, gravida ac semper id, facilisis sed purus. Morbi mauris nunc, tincidunt vitae convallis sit amet, hendrerit eu dui.[/quote]

Aliquam metus mi, rutrum at pharetra in, mattis at velit. Phasellus aliquam mollis velit, sit amet bibendum velit dictum ac. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Nullam vitae consequat dui. Vivamus sed ligula sed sem lacinia bibendum.

Proin eget risus diam. Donec lobortis accumsan velit, et convallis justo bibendum hendrerit. Fusce vitae imperdiet neque. Fusce sed nisl tempor enim rutrum posuere ac eget neque. Donec velit dui, volutpat sed laoreet sit amet, consequat vitae eros. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed.

Quisque placerat molestie dui ut viverra. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante.

image_demo_34Vestibulum molestie risus non mauris tincidunt iaculis id non elit. Sed id odio dui. In accumsan accumsan turpis, a lacinia nibh rhoncus eu. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Etiam vel pulvinar purus. Morbi sed fermentum felis. Integer elementum justo id justo viverra luctus. Proin eget placerat enim. Quisque eleifend sodales quam nec sodales. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Pellentesque nibh urna, faucibus a mattis et, scelerisque ut eros. Integer et nisl libero, faucibus malesuada felis. Vestibulum et ligula at risus eleifend tempor. Fusce fringilla ipsum eget tellus sodales nec convallis velit iaculis. Ut vitae ante vitae libero volutpat consequat vel at urna.

Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Aliquam bibendum varius nunc, eget porta nunc malesuada aliquet.

[quote]Curabitur ligula lorem, suscipit at vehicula quis, varius ut justo. Sed justo nulla, gravida ac semper id, facilisis sed purus. Morbi mauris nunc, tincidunt vitae convallis sit amet, hendrerit eu dui.[/quote]

Aliquam metus mi, rutrum at pharetra in, mattis at velit. Phasellus aliquam mollis velit, sit amet bibendum velit dictum ac. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Nullam vitae consequat dui. Vivamus sed ligula sed sem lacinia bibendum.

Proin eget risus diam. Donec lobortis accumsan velit, et convallis justo bibendum hendrerit. Fusce vitae imperdiet neque. Fusce sed nisl tempor enim rutrum posuere ac eget neque. Donec velit dui, volutpat sed laoreet sit amet, consequat vitae eros. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed.

Quisque placerat molestie dui ut viverra. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante.

image_demo_53Vestibulum molestie risus non mauris tincidunt iaculis id non elit. Sed id odio dui. In accumsan accumsan turpis, a lacinia nibh rhoncus eu. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Etiam vel pulvinar purus. Morbi sed fermentum felis. Integer elementum justo id justo viverra luctus. Proin eget placerat enim. Quisque eleifend sodales quam nec sodales. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Pellentesque nibh urna, faucibus a mattis et, scelerisque ut eros. Integer et nisl libero, faucibus malesuada felis. Vestibulum et ligula at risus eleifend tempor. Fusce fringilla ipsum eget tellus sodales nec convallis velit iaculis. Ut vitae ante vitae libero volutpat consequat vel at urna.

Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Aliquam bibendum varius nunc, eget porta nunc malesuada aliquet.

[quote]Curabitur ligula lorem, suscipit at vehicula quis, varius ut justo. Sed justo nulla, gravida ac semper id, facilisis sed purus. Morbi mauris nunc, tincidunt vitae convallis sit amet, hendrerit eu dui.[/quote]

Aliquam metus mi, rutrum at pharetra in, mattis at velit. Phasellus aliquam mollis velit, sit amet bibendum velit dictum ac. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed. Nullam vitae consequat dui. Vivamus sed ligula sed sem lacinia bibendum.

Proin eget risus diam. Donec lobortis accumsan velit, et convallis justo bibendum hendrerit. Fusce vitae imperdiet neque. Fusce sed nisl tempor enim rutrum posuere ac eget neque. Donec velit dui, volutpat sed laoreet sit amet, consequat vitae eros. Mauris ipsum risus, porta at faucibus eget, placerat eu ante. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Donec accumsan tempus lacus, quis sollicitudin mi condimentum sed.

Quisque placerat molestie dui ut viverra. Aenean venenatis, urna at blandit egestas, ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante ligula lacus euismod nibh, sodales dictum mauris orci eget eros. Phasellus pulvinar odio non orci sodales feugiat. Maecenas laoreet sodales sapien nec ultricies. Pellentesque semper convallis tortor quis dictum. Maecenas laoreet sodales sapien nec ultricies. Mauris ipsum risus, porta at faucibus eget, placerat eu ante.

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