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N1Bn Energy Theft: Eko Disco Promises Whistleblowers 20%

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Eko Electricity Distribution Company Plc (EKEDCP) has offered to pay anyone who reports energy theft by some unscrupulous elements 20 per cent of the money recovered from such thefts.

Mr Oladele Amoda, chief executive officer of EKEDCP, announced this at a stakeholders’ forum with Festac Town residents in Lagos on Friday.

Amoda said the measure became necessary against the backdrop of over N1 billion lost to the various forms of energy theft and vandalism in the zone.

The CEO, who was represented by Mr Sam Nwaire, chief operating officer, said it cost the company about N1 billion in the last three years to replace vandalised equipment and damaged meters by customers in a bid to bypass the meters.

According to him, a task force has been set up to inspect houses of consumers and impose a penalty of N1 million on anyone caught in energy theft.

Amoda said 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 bye-passing the meters because its criminal and punishable under Electricity Regulation Code of Conduct Act.

“ l will advise customers to exercise patience with EKEDCP as we promise to address all the issues as regards estimated billing and other  challenges,’’ he said.

On pre-paid meters, the CEO said the company has started installation of over 4,000 pre-paid meters to residents of Festac and its environs, adding that the first batch of 1,000 meters had been installed.

He said that the company would ensure that 4,000 pre-paid meters are installed before the end of the year, while appealing to residents to ensure prompt payment of their bills.

Amoda stressed: “We have deployed the first phase of 1,000 meters to residents of Festac, we promised to install over 4,000 meters before the year ends.

“We will ensure effective roll-out of pre-paid meters to residents of Festac, Satellite Town, Amuwo and its environs because we are committed to serving our customers very well.

“We appeal to residents to place order for the meters and it will be installed. Most residents prefer to pay little bills because they are cheating the company through bye-passing of meters.”

The EKEDCP boss said the company was owed N4.2 billion by residents of Festac Town and urged consumers to settle their debts.

“We have designed a model that allows customers to pay their huge debts by installment to encourage them settle their debts at ease.

“We all know what Nigeria is going through today; the challenge is everywhere. I know how you people feel and I want to tell you also that we are not also happy with power situation.

“But I want to assure you that we are doing all we can under the law to improve power supply to our customers.’’

 

 


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UK Appoints Peter Vowles as British High Commissioner to Nigeria

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The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.

Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.

He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.

Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.

Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”


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Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.

The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.

According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.

The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.

He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.

“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.

The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.

It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.

The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.

Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.

It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.

The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.


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PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

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As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.

These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”

PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.

Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.

“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”

The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.

For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.


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