Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » PHED loses N2.5bn monthly to energy theft

    PHED loses N2.5bn monthly to energy theft

    October 12, 2020
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Energy theft

    *Vows to name & shame offenders

    Mkpoikana Udoma

    Port Harcourt — Worried by the spate of energy theft and other infractions by some customers in the system, the Port Harcourt Electricity Distribution Plc., PHED, has vowed to begun the naming and shaming of offenders.

    Managing Director and Chief Executive Officer of PHED, Dr. Henry Ajagbawa, who decried the negative impact of energy theft on the company, said aside naming and shaming, offenders would be made to face the full wrath of law.

    Ajagbawa warned the offenders to desist from such an unholy and wicked act capable of threatening the sustainability of the company, noting that no stone will be left unturned until every offender is brought to book.

    “We are determined to eradicate energy theft in the system and that’s why we are collaborating with the security agencies.

    “Any customer caught by-passing or tampering with our meter will not only be named and shamed, but shall in addition face the full weight of the law and thereafter made to pay for loss of revenue arising from the unwholesome act.”

    The PHED boss also announced that the company was losing over N2.5billion on a monthly basis due to energy theft.

    Ajagbawa reiterated that energy theft should not only be the concerns of Discos, but the concerns of all Nigerians, as curbing it remains one of the ways through which services can be improved in the power sector.

    “One of the ways that we can survive and improve on our services is when customers pay their bill and stop meter bypass.

    “We are coming after those who are involved in meter bypass and we will get back what belongs to us. Those sabotaging the system must be brought to book.

    “We need a legislation to criminalize energy theft and vandalism of electricity facilities. If you criminalize it and make the consequences severe definitely, we will have it better. Nigerians should learn to pay for energy consumed,” the PHED boss said.

    Related News

    Police nab three electricity cable thieves in Niger

    AfDB project restores electricity in Zimbabwean communities

    AfDB approves €19.6m financing for Cabo Verde’s wind and battery storage

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Police nab three electricity cable thieves in Niger

    June 19, 2025

    Geopolitical risk could add $10/b to oil prices – Goldman Sachs

    June 19, 2025

    Nigeria to introduce real-time tracking for oil export shipments

    June 19, 2025

    Green Energy International exports first crude from Nigeria’s Otakikpo terminal

    June 19, 2025

    1,500 NPA staff promoted in move to strengthen human capital base

    June 19, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.