…Airports pay N130m, banks’ branches – N85,000 monthly…PHCN, conduit pipe for looting – customers

The Federal Government through the Power Holding Company of Nigeria, PHCN, is fleecing Nigerians of about N3.41 trillion ($19.6 billion) annually through outrageous electricity bills, which is not commensurate with the amount of power supplied to consumers.

Acting Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Hassan Bello, recently spoke with Sweet Crude’s Godfrey Bivbere, on several issues affecting the maritime industry. Amongst these are the situation of its zonal offices, proposed construction of truck transit parks, indiscriminate increase in storage charges, the situation of CRFFN, others. Excerpt:

Owners of illegal structures along the right of way of power transmission lines have been warned of an impending demolition. Mr. James Olotu, the Managing Director of Niger Delta Power Holding Company (NDPHC), owners of National Integrated Power Project (NIPP), gave the warning recently in an interview with newsmen. Olotu, who commissioned the 600 MVA injection sub-station at Oke-Aro, Ogun State, was speaking against the backdrop of some illegal structures erected along the right of way of the project.

PORT HARCOURT: MINISTER of Power, Professor Chinedu Nebo, has again assured that privatization of the power sector would step up power supply in the country.

The notorious incompetence of the Power Holding Company of Nigeria (PHCN) may have driven the Nigeria Customs Service (NCS) into generating its own power requirements independently, particularly to maintain the integrity of its ever-expanding information communication technology (ICT) project.