Nigeria: Timipre Sylva’s Office Accuses EFCC Of Engaging In Dirty Politics After Declaring Former Petroleum Minister Wanted

Nigeria’s Economic and Financial Crimes Commission (EFCC) has declared a former Minister of State for Petroleum Resources, Timipre Sylva, wanted over an alleged case of conspiracy and the dishonest conversion of US$14,859,257—part of the funds injected by the Nigerian Content Development and Monitoring Board (NCDMB) into Atlantic International Refinery and Petrochemical Limited for the construction of a refinery. The commission obtained a warrant on November 6 from a Federal High Court in Lagos for Sylva’s arrest. The order, granted by Justice D.I. Dipeolu, stated:“An order is made issuing a warrant to the applicant or any officer of the Commission, Police, or any law enforcement officer for the arrest of the respondent for the purpose of bringing him before the Commission to answer to the criminal offence he is alleged to have committed.” Following the order, the Commission issued a public notice which read: “The public is hereby notified that Timipre Sylva, a former Minister of State, Petroleum Resources, and former Governor of Bayelsa State, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission (EFCC) in an alleged case of conspiracy and dishonest conversion of $14,859,257—part of funds injected by the Nigerian Content Development and Monitoring Board (NCDMB) into Atlantic International Refinery and Petrochemical Limited for the construction of a refinery. “Sylva, 61, is from Brass Local Government Area of Bayelsa State. This notice is pursuant to a November 6, 2025, warrant of the Federal High Court, Lagos. “Anybody with useful information as to his whereabouts should please contact the Commission at its Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja offices, or through 08093322644, its e-mail address [email protected], or the nearest police station or other security agencies.” This development comes 27 days after the House of Representatives resolved to probe the alleged mismanagement of a $35 million investment by the NCDMB in a modular refinery project that never materialised in the Niger Delta. However, the arrest warrant has angered the former minister’s office, which has accused the EFCC of engaging in what it described as dirty politics. Sylva’s spokesperson, Julius Bokoru, said the former minister was in the UK for a medical check-up and would contact the EFCC upon his return. He added that the refinery project was above board with “traceable documentation.” “The refinery project in question is a legitimate, transparent, and verifiable undertaking,” Bokoru said, as reported by the BBC. He questioned why the EFCC had not contacted the former minister directly and argued that declaring him wanted on social media was intended to “inflame public sentiment.” Sylva served as Minister of State for Petroleum Resources from 2019 to 2023 under the late former President Muhammadu Buhari and was Governor of Bayelsa State from 2007 to 2012.

Ghana: IPPs Renegotiation Saves $261.9 Million – Finance Minister

The government’s decision to renegotiate the tariffs of existing Power Purchase Agreements (PPAs) with nine Independent Power Producers (IPPs) in Ghana has resulted in savings of $261.9 million. This was disclosed by Finance Minister Dr. Cassiel Ato Baah Forson while presenting the 2026 Budget Statement and Economic Policy of the Mahama administration in Parliament on Thursday, November 13, 2025. “Mr. Speaker, the renegotiation of Power Purchase Agreements with nine Independent Power Producers has saved US$261.9 million,” Dr. Ato Forson said. Independent Power Producers account for over 60 percent of the electricity generated on the national grid. However, their generation tariffs have remained relatively high, leading to increased end-user tariffs and persistent complaints from the business community. During the previous administration, a similar renegotiation exercise reportedly resulted in savings of US$13.2 billion. Despite that effort, IPPs tariffs remained elevated, prompting the current administration to initiate another round of talks. The latest renegotiation is expected to be welcome news for industry, as it could help reduce electricity costs in the near future.  

Ghana: Gov’t Installs 1,900 Solar Streetlights In Ashanti Region — Finance Minister

The Government of Ghana has installed 1,900 solar streetlights in the Ashanti Region as part of the National Street Lighting Programme to enhance safety and visibility. Finance Minister Dr. Cassiel Ato Baah Forson disclosed this while presenting the 2026 Budget Statement and Economic Policy on the floor of Parliament on Thursday, November 13, 2025. According to him, an additional 10,000 smart solar streetlight units will be procured in 2026. Under the National Electrification Scheme, Dr. Forson noted that 117 communities have been connected to the national grid, raising electricity access to 89 percent. He added that the government will expand this coverage through a Turnkey Implementation Model, targeting full national electrification within five years. Dr. Forson further stated that the Ministry of Energy is promoting solar‑powered water pumping systems to improve irrigation and access to safe water, with ongoing work at the Dawhenya Irrigation Scheme. “In line with the Energy Compact, Ghana aims to achieve 99.8 percent electricity access and 50 percent clean cooking access by 2030, while raising the share of renewable energy to 10 percent,” he said.    

World’s ‘Fossil Fuel Obsession’ Threatens Billions Of Lives — Amnesty

The expansion of fossil fuel infrastructure is threatening billions of lives around the globe, Amnesty International has warned in a new report, urging world leaders to end an “obsession” with energy sources that fuel the climate crisis. The report, released on Wednesday, found that at least 2 billion people — about one-quarter of the world’s population — live within 5km (3.1 miles) of more than 18,000 fossil fuel infrastructure sites currently in operation. More than 3,500 new sites are also being developed, which will affect an additional 135 million people, Amnesty International Secretary-General Agnès Callamard told reporters. “This ever-expanding industry is endangering billions of lives, irreversibly altering the climate system, and destroying critical natural ecosystems,” Callamard said at a news conference on the sidelines of the COP30 UN climate conference in Brazil, where the report’s findings were unveiled. Living near fossil fuel infrastructure — such as oil and gas extraction sites, coal mines, and power plants — has been associated with elevated risks of cancer, asthma, cardiovascular disease, and other health problems, Amnesty said in its report. The industry has also been linked to human rights abuses, including killings and enforced disappearances, particularly targeting environmental activists and Indigenous peoples defending their territories from fossil fuel projects. The report noted that “despite representing less than 5 percent of the global population, at least 16.1 percent of known global fossil fuel infrastructure is sited on Indigenous territories” around the world. “We are presenting these findings here at COP to warn of the current harm, to highlight the immense damage that the fossil fuel obsession is causing to many communities, and to sound the alarm about what it will do to future generations,” Callamard said. “The age of fossil fuels must end now. It is a major source of human rights violations — perhaps one of the greatest in history.” World leaders, human rights advocates, climate experts, and other stakeholders have gathered in the Brazilian city of Belém for COP30, the UN’s annual climate conference. While countries have pledged to tackle the climate crisis, observers have questioned how they intend to meet commitments to reduce greenhouse gas emissions as fossil fuel projects continue to expand. Indigenous activists also stormed the summit this week to demand that their voices be heard in the discussions. Kumi Naidoo, president of the Fossil Fuel Non-Proliferation Treaty campaign, called on world leaders to leave COP30 with “a clear statement that you are going to support a roadmap for the phase-out of fossil fuels.” “It’s high time we recognise that, for 30 years, we’ve been mopping up the floor and treating the symptoms of the problem without turning off the tap,” Naidoo said during Wednesday’s news conference. “Let’s be very clear — the primary cause of the climate emergency is our addiction and dependency on fossil fuels.” According to the United Nations, coal, oil, and gas “are by far the largest contributors to global climate change,” responsible for about 68 percent of the world’s greenhouse gas emissions. Meanwhile, more than 80 percent of people worldwide want their leaders to take stronger action to mitigate the effects of the climate crisis, according to a 2024 UN Development Programme survey. Seventy-two percent of respondents also said they supported a rapid phase-out of fossil fuels, the survey found.    

Ghana’s Solar Energy Revolution: A Light For Africa’s Future

The Project Manager in charge of the Delegation of German Industry and Commerce in Ghana, Mr. Caleb Annan Sarpong, says Ghana is on the cusp of a transformative energy revolution driven by the country’s immense solar potential. According to him, Ghana’s solar resources should be nurtured through strategic partnerships and indigenous innovations to strengthen the nation’s energy supply chain. Mr. Sarpong, a seasoned energy expert, made this known in an exclusive interview with Energy News Africa on the sidelines of the 2025 West African Clean Energy and Environment Trade Fair and Conference (WACEE), which took place from November 11 to 12, 2025, in Accra. He highlighted Ghana’s solar energy resource as not only feasible but essential for the country’s sustainable energy future. Mr. Sarpong noted that “Ghana is charting a path forward by exploring innovative green finance mechanisms, such as green credit lines from banks, to help potential investors in the sector take advantage of emerging opportunities.” He emphasised the critical need for stronger collaboration between government and the private sector to create an enabling environment for sustainable energy development. Mr. Sarpong also reaffirmed Germany’s commitment as a dependable partner in transferring advanced sustainable energy knowledge and technology to help accelerate Ghana’s green ambitions. In a related interview, Mr. Nicholas Kyei Osae, Project Manager of Hedge Energies Solutions, an exhibitor at the conference, explained that his company provides cutting-edge renewable energy solutions through engineering, procurement, and construction services. He said Hedge Energies markets two key brands — Diners Batteries, tailored for residential users, and Stock 100, designed for commercial and industrial needs. Mr. Osae also highlighted the company’s Goodwin inverter, a 100kW grid-connected solar inverter capable of reducing utility bills by up to 80 percent for industrial clients. Similarly, the Co-Chief Executive Officer of Subasol, Mr. Michele Valenderic, said his company delivers robust solar and battery storage projects across Ghana, Denmark, and Cameroon, helping customers reduce energy costs. He added that Subasol’s services across West Africa are tailored to support the region’s transition to renewable energy. The conference, themed “Greener Solutions, Stronger Economy,” provides a platform for exhibitors and stakeholders to showcase their products and discuss key topics such as renewable energy, the circular economy, waste management, and climate change. More than 2,000 delegates from West Africa, Europe, Asia, the United States, and the Americas are participating, engaging industry leaders, exploring sustainable solutions, and pursuing business opportunities through exhibitions, conferences, and B2B matchmaking sessions.

Africa Must Produce Oil And Gas To Develop, Whether Western Nations Like It Or Not (Opinion)

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In an opinion piece for The Guardian Fiona Harvey and Matthew Taylor wrote that it was time for gas exploration in Africa to stop. “Africa must embrace renewable energy and forgo exploration of its potentially lucrative gas deposits to stave off climate disaster and bring access to clean energy to the hundreds of millions who lack it, leading experts on the continent have said,” they wrote. This is hardly new. For several years now, wealthy nations and their environmental organizations have been strong-arming African countries to leave their petroleum assets in the ground. The stance of the African Energy Chamber has been consistent: Yes, African oil and gas-producing countries should and will do their part to support global emissions-reduction goals. Yes, the dangers of climate change should be taken seriously. However, we refuse to let the world set the timing for when Africa will ease up on oil and gas exploration and production. We are convinced that oil and gas production, when managed strategically, provides a pathway for economic growth and energy security, and we are determined to help Africa realize those benefits. This is the message that we urge every African leader to take to COP30 in Brazil: African countries have to produce every drop of hydrocarbons they can fine and they have every right to set the timing for their energy transitions. And like nations around the world, African states will be exercising those rights. Africa’s Miniscule Contribution The world must understand that African countries cannot be on the same energy transition timeline as Western countries. Africa still needs time – time that the Western world has already had and, frankly continues to milk – to resolve energy poverty and industrialize. Let’s first address the proverbial elephant in the room: When it comes to global emissions, Africa is NOT the problem. In 2023, global CO2 emissions hit 37.12 billion tonnes. China ranked first in contributing 11.47 billion tonnes; the entire continent of Africa contributed 1.45 billion tonnes, only 4% of global carbon emissions. In fact, over the last two decades, Africa’s total contribution to global greenhouse gas emissions has never been above 4% — by far the smallest share in all the world. Africa has the lowest per-capital emissions of all continents, averaging 1 tonne of CO2 emitted annually by each individual. The average American emits as much CO2 in one month as the average African does in an entire year. And yet, Africa is disproportionately being punished for the climate catastrophe that, let’s be honest, it was initiated and is perpetuated by Western and developed economies. “The story of Africa or the developing world is not really an energy transition story, it’s a development story,” Andrew Kamau with the Center on Global Energy Policy at Columbia University said in a recent interview with Energy Intelligence. “You hear a lot about all these technologies that are being developed, but where are they at scale?” Kamau asked. “And has somebody industrialized using wind and solar only? I don’t know. We wait to see if it’s possible.” Kamau also questioned where all the international funding is. The West has made grand financial promises, but the level of support truly needed to undertake a transition to renewables at the pace dictated by the West has yet to materialize. Using the Resources at Our Feet While we at the African Energy Chamber agree that it’s important to develop affordable and sustainable green technologies to supply our energy, we strongly disagree with being pigeonholed into accepting the West’s one-size-fits-all timeline. I hear from Africans who are skeptical about the benefits of oil and gas because they have seen the problems caused by the energy sector. You could make the same arguments about the Internet, which has been blamed for harming social relationships, decreasing our safety and security, and damaging children’s cognitive development. Yet, used wisely, the Internet does considerable good as well, and I’m not hearing widespread calls to get rid of it. My point is, oil and gas can and does do good (I’ve written whole books on the subject!) — the key is to be smart about how we capitalize on our resources. Some 600 million people on the continent still lack adequate electricity access or even clean cooking technologies. These Africans aren’t focused on the fact that reliable energy infrastructure facilitates economic growth by generating jobs, increasing productivity, and reducing the cost of doing business. Most would be elated to have light in their homes after dark or the ability to refrigerate their food. But think about Africa’s abundant energy potential! By 2050, the continent will be home to 11% of the world’s liquefied natural gas (LNG) market and the second-highest growth supply of gas. By tapping into the vast stores of natural gas at our feet, we can first work to eradicate energy poverty from the continent, and then secure our economic growth as we transition toward renewables. I agree with Mohamed Hamel, the Secretary General of the Gas Exporting Countries Forum, in his description of the argument that Africa should not develop its natural gas resources as “misguided.” “A prosperous Africa will be more capable to protect its environment. The right of Africa to develop its vast natural resources can be preserved, and its access to finance and technology, facilitated,” Hamel said. Turning the Pressure into Partnership At the previous COP, I made it clear that, while African nations would not be continuing oil and gas operations indefinitely, with no movement toward renewable energy sources, we Africans should be setting the timetable for Africa’s transition. “What I’d like to see instead of Western pressure to bring African oil and gas activities to an abrupt halt, is a cooperative effort,” I wrote at the time. “Partnerships, relationships rooted in respect, open communications and empathy. What does that look like? It begins with the belief that when African leaders, businesses, and organizations say the timing is not right to end our fossil fuel operations, we have a point. That when we are discussing our own countries, we know what we are talking about.” Clearly, we still have progress to make. Too many outsiders suggest that African leaders are being manipulated or influenced by greed when they work to foster oil and gas exploration and production in their countries. Few seem to believe that, when countries establish and fine-tune local content laws, adapt investor-friendly fiscal regimes, and promote policy that protects human dignity, they are making reasoned, strategic moves to create better futures for their people. That saddens me, but it also strengthens my resolve. We will continue to fight for what’s right, for what’s ours. We are not giving up on a just energy transition for Africa — a transition on a timetable that benefits and uplifts Africans.    

Ghana: Gov’t To Amend PRMA, Unlock Oil Funds For Green Projects

The Government of Ghana plans to amend the Petroleum Revenue Management Act (PRMA), 2011 (Act 815), to access portions of the Ghana Heritage Fund (GHF) and the Ghana Stabilisation Fund (GSF) — ostensibly to finance green investments and related initiatives — Business & Finance (B&F) has reported, citing sources close to the Ministry of Finance. Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, is expected to make an official announcement when he presents the 2026 Budget Statement on the floor of Parliament today, Thursday, November 13, 2025. According to B&F, this could be the main reason the Ministry of Finance (MoF) recently met with selected individuals and civil society organisations (CSOs). However, the meeting did not formally include the Public Interest and Accountability Committee (PIAC) — the independent watchdog established under the PRMA to monitor the collection and use of petroleum revenues. It also excluded the Bank of Ghana (BoG), which manages the two funds, as well as other key statutory bodies responsible for oversight within the petroleum revenue management framework. The GHF was created to preserve part of the country’s oil revenue for future generations, while the GSF serves as a buffer for the national budget against shortfalls caused by oil price volatility. According to PIAC’s 2025 Semi-Annual Report, projected petroleum revenue for the 2025 financial year stands at US$1.01 billion. Based on the allocation formula prescribed by the Act, the Ghana National Petroleum Corporation (GNPC) is projected to receive US$192.67 million for both Levels A and B expenditures. The Annual Budget Funding Amount (ABFA) is expected to receive US$573.08 million, representing 70 percent of the net benchmark revenue of US$818.69 million. The remaining 30 percent — amounting to US$245.61 million — will go to the Ghana Petroleum Funds (GPFs), with the GSF receiving US$171.93 million and the GHF US$73.68 million. From August 2011 to June 2025, cumulative petroleum receipts distributed total about US$11.47 billion. Of this amount, GNPC has received US$3.16 billion (27.53 percent), while the ABFA has received US$4.55 billion (39.69 percent). The GSF and GHF have received US$2.64 billion (23 percent) and US$1.12 billion (9.78 percent), respectively. If confirmed, the government’s move could reopen debate over the sanctity of the PRMA and the extent to which the country’s oil revenue savings can be repurposed to meet short-term policy priorities. The Act was last amended in April 2025 to discontinue sustained and predictable funding for PIAC, while also allowing the ABFA to be channeled exclusively into infrastructure projects nationwide. A broader review of the Act, initiated in 2018/2019 with extensive stakeholder consultations, stalled between 2020 and 2024. Reacting to the development, the Executive Director of the Centre for Social Impact Studies (CeSIS), Robert Tanti Ali, described the plan as risky and ill-advised. “GHF and GSF remain our brightest hope for the prudent management of petroleum resources. Their continued retention gives Ghanaians confidence in government’s ability to manage oil revenues,” he said. Given this, he warned that touching these funds especially the GHF would amount to “robbing our unborn generation of their ability to benefit from our resources, and this is plainly wrong.” “We have hailed the GHF as a model for ensuring intergenerational equity. If we had replicated this idea in the mining sector, we would not see the level of deprivation in mining communities. Why then is government tampering with it and taking us backwards?” he questioned. Mr. Tanti Ali further expressed concern about the lack of transparency surrounding the proposed use of the funds. “Who provides oversight? Who makes decisions on investment? These are issues that must be clarified before any amendment is passed,” he added.  

Nigeria To Launch 2025 Oil And Gas Licensing Round On December 1

Africa’s largest oil producer, Nigeria, has set December 1 for its 2025 Licensing Bid Round, with high expectations of attracting more international oil companies to help achieve its production target of 2.75 million barrels per day beyond 2026. Nigeria’s current oil production averages between 1.7 million and 1.83 million barrels per day, and the government expects to increase output by an additional 1 million barrels by the end of 2026. Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, announced this at the Commission’s Project 1MMBOPD Additional Production Investment Forum in London on Tuesday. “We are announcing that we are ready, following the approval of the Minister of Petroleum Resources in line with the Petroleum Industry Act, to commence the 2025 Licensing Round beginning December 1, 2025,” he said. The 2025 Licensing Round aims to unlock Nigeria’s undeveloped and fallow oil and gas fields, with particular focus on gas assets. According to Komolafe, the initiative seeks to accelerate upstream production and bring previously discovered but unexploited fields into commercial operation. Licensing rounds have been a key feature of Nigeria’s upstream sector for decades. Major rounds were conducted in 2000, 2005, and 2007, while the 2010s featured smaller, targeted rounds for marginal fields and deepwater assets. These exercises were designed to attract investors and stimulate production, although some blocks awarded in earlier rounds stalled due to technical, financial, or regulatory challenges. The NUPRC is expected to publish detailed guidelines — including the list of blocks on offer, pre-qualification requirements, and submission timelines — ahead of the licensing round to ensure transparency and clarity for all prospective investors. At the forum, which was attended by CEOs of oil companies, bank representatives, and potential investors, Komolafe noted that funding remains the biggest challenge in Nigeria’s upstream sector. He explained that the Commission, as a business enabler, plans to address this by connecting interested parties. He said the event was organized to bring together all stakeholders to help make the additional one million barrels per day target a reality. “One of the factors that affected business was that activities were happening in silos, but the NUPRC now realizes the need to bring everyone together,” the CCE said, adding, “We want you all to network. Bank of America is here, as well as representatives of other banks.” Komolafe stated that the reforms initiated by the President Bola Ahmed Tinubu-led administration have improved Nigeria’s economic metrics. He noted that crude production now averages 1.71 million barrels of oil per day (BOPD), with peak daily output reaching 1.83 million barrels of oil per day (MMBOPD) — evidence of tangible progress. He disclosed that 46 Field Development Plans had been approved from January 2025 to date, representing immediate investment commitments and production growth potential. The NUPRC boss also noted that the rig count has grown to over 60, with at least 40 rigs currently active. Komolafe said this was the best time for existing investors to deepen their participation in Nigeria’s oil and gas sector. “The drive to reach and sustain one million barrels per day in incremental capacity and beyond will require Floating Production, Storage and Offloading (FPSO) units for cluster developments; Floating Storage and Offloading (FSO) vessels for crude evacuation and storage; and a variety of Modular Offshore Production Units and Early Production Facilities to enable early production and accelerated monetization. All these need investments — and the prospects are here in Nigeria,” he added

Malawi: Salima Solar Power Project To Boost Energy Security And Economic Growth — Dr. Mathanga

Malawi’s Minister for Natural Resources, Energy and Mining, Hon. Dr. Jean Mathanga, has undertaken a familiarization tour of the Electricity Generation Company (EGENCO)’s solar power plant currently under construction at Nanjoka in the Salima District. The project, designed to generate 10 megawatts (MW) of electricity from solar energy, forms part of Malawi’s broader efforts to expand renewable energy generation and reduce dependence on hydropower. Speaking during the visit, Dr. Mathanga reaffirmed the Government’s commitment to securing the required external financing by the end of December 2025 to enable EGENCO to complete the ongoing works. She emphasized that the Nanjoka Solar Project represents a key milestone in the country’s energy transition and a strategic intervention to address power shortages that continue to affect industrial productivity and economic growth. “The Government is determined to ensure that by next year, Malawi experiences a significant reduction in load shedding. Projects such as this one in Salima will help stabilize the national grid and support economic activities across various sectors,” said Dr. Mathanga. EGENCO Chief Executive Officer, Mr. Maxon Chitawo, disclosed that approximately USD 13 million (about MK22.5 billion) is required to complete the first phase of the solar project. He further noted that the company’s long-term vision is to scale up generation capacity to 50 MW in order to contribute meaningfully to the diversification of Malawi’s power generation mix. Salima District Commissioner, Mr. James Mwenda, commended the project, noting that it has already benefited the local community by providing employment opportunities to residents in surrounding areas. Once completed, the Nanjoka Solar Power Plant will enhance EGENCO’s generation capacity, improve power reliability, and contribute to the achievement of national energy access targets under the Malawi 2063 development agenda.      

Nigeria: Abuja High Court Convicts Man For Defrauding U.S. Energy Company Of Over $1 Million

A Federal High Court in Abuja, the capital of Nigeria, has convicted David Udensik, also known as Dr. Jacob Bello, for his involvement in an international oil fraud scheme worth over $1 million. The conviction followed a petition by a United States–based energy company, which accused the suspect of defrauding it under the pretext of facilitating crude oil transactions in Nigeria. Nigeria Police Force Public Relations Officer, Benjamin Hundeyin, disclosed this in a statement on Tuesday, November 11, 2025. Investigations by operatives of the National Cybercrime Centre (NPF–NCCC) revealed that Udensik operated a criminal network between 2018 and 2023. Udensik was also found to have forged documents purportedly issued by the Nigerian National Petroleum Company Limited (NNPCL) and other regulatory agencies to deceive the victim company. According to the statement, “The Nigeria Police Force has secured the conviction of one Mr. David Udensik, also known as Dr. Jacob Bello, for his role in a transnational oil-related fraud scheme amounting to over one million United States dollars (USD $1,000,000). The conviction followed a petition by a United States–based energy company alleging that the suspect obtained funds from the firm under the pretext of facilitating legitimate crude oil transactions in Nigeria. “Acting on the petition, operatives of the Nigeria Police Force – National Cybercrime Centre (NPF–NCCC) commenced investigations, which revealed that the suspect, between 2018 and 2023, operated a coordinated criminal network that forged documents purportedly emanating from the Nigerian National Petroleum Company Limited and other regulatory bodies to deceive the victim company.” Forensic analysis confirmed that the documents, seals, and authentication materials used in the transactions were fake. Funds traced from the deal were allegedly diverted into accounts linked to the suspect and his accomplices. Hundeyin further stated that the court, delivering its judgment on October 22, 2025, found Udensik guilty of forgery, obtaining by false pretence, and money laundering. “The court further ordered the forfeiture of assets valued at several hundreds of millions of naira, including real estate and other properties derived from the proceeds of the crime, to facilitate restitution to the victim company,” the statement added. Hundeyin also noted that the Inspector-General of Police, Kayode Egbetokun, commended the officers who handled the investigation and prosecution for their professionalism. “He reaffirmed the commitment of the Force to protecting Nigeria’s corporate integrity and ensuring that cyber-enabled financial criminals, irrespective of status or location, are brought to justice,” the statement concluded.    

Zambia: Energy Minister Apologises For Fuel Shortages, Assures Normal Supply Soon

Zambia’s Energy Minister, Makozo Chikote, has apologised to the public for the recent fuel shortages experienced across the country, assuring that supply will normalise soon. In a statement, Mr. Chikote said the shortages were caused by logistical challenges and not depleted reserves. He disclosed that as of Tuesday, 11th November 2025, the country had 57.3 million litres of diesel and 40.1 million litres of petrol in stock. “The Ministry expects the situation to stabilise soon as normal fuel supply resumes nationwide,” he said, adding that both short- and long-term measures have been implemented to prevent future disruptions. The Minister reaffirmed the government’s commitment to ensuring a stable and reliable supply of petroleum products across Zambia.

Kenya Seeks Gulf Investors To Deliver 10,000MW By 2032

Kenya is considering public-private partnerships (PPPs) to expand its electricity generation capacity to 10,000 megawatts (MW) by 2032. The East African nation also plans to use similar PPP arrangements for infrastructure and irrigation projects. According to President William Ruto, the partnerships will play a key role in scaling up investment in power generation and modern infrastructure to support industrial growth and food security. “Our talks focused on deepening investment partnerships in infrastructure and energy, including projects to expand Kenya’s energy generation capacity to 10,000 megawatts in the next seven years,” President Ruto said after meeting a United Arab Emirates (UAE) delegation in Nairobi on Monday. “We are committed to strengthening our bilateral relations with the UAE through enhanced trade, investment, and economic cooperation under the Comprehensive Economic Partnership Agreement (CEPA), unlocking opportunities for growth, job creation, and shared prosperity,” he added. The President noted that the initiative will include the development of 50 mega dams under PPP arrangements to boost irrigation and food production. It would be recalled that President Ruto recently visited Qatar, where he cited Kenya’s limited power supply as a major constraint to attracting foreign direct investment, including the establishment of data centers that require at least 10,000 MW of reliable electricity. Kenya’s installed capacity currently stands at 3,192 MW, according to data from the Energy and Petroleum Regulatory Authority (EPRA). However, system losses in transmission and distribution averaged 23.36 percent in the year to June 2025—meaning nearly one in four units generated never reaches consumers. The figures underscore the scale of the challenge ahead, as the country must not only triple its generation capacity but also significantly cut losses to meet future demand. The government says its pivot to PPPs aims to mobilize private capital for new power plants and infrastructure while modernizing the national transmission grid to improve efficiency and reliability. In November 2024, the administration signaled plans to explore alternative financing for the country’s aging power network following the cancellation of a Kenya Electricity Transmission Company (KETRACO) deal with Indian-based conglomerate Adani Solutions.  

Egypt: Alaa El-Din Abdel Fattah Named New Chairman Of ECHEM

Alaa El-Din Abdel Fattah has been appointed as the new Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), effective January 1, 2026. He succeeds Ibrahim Mekki. El-Din Abdel Fattah began his career as a chemist at the Alexandria Petroleum Company in 1993. He rose through the ranks to become Assistant General Manager for Operations at the Egyptian Linear Alkyl Benzene Company (ELAB) in 2010. He later served as General Manager for Paraffin and Alkyl Production in 2017 and was appointed Chairman and Managing Director of ELAB in 2024. Minister of Petroleum and Mineral Resources Karim Badawi congratulated Abdel Fattah on his appointment and emphasized the importance of continuing ECHEM’s comprehensive modernization plans aimed at maximizing the value of Egypt’s petrochemical sector, boosting local production, substituting imports, and expanding exports. The minister also commended Mekki for his contributions to updating the national plan for the petrochemical industry, implementing green initiatives, and expanding production at key complexes such as MOPCO, ELAB, and Egyptian Petrochemicals. Badawi noted that the coming period will focus on building upon these achievements and completing ongoing ambitious projects.  

MODEC Awards TMC Major Compressor Contract For Brazil-Bound FPSO Project

TMC Compressors (TMC) has secured a contract from MODEC to supply a large-capacity marine compressed air system for the FPSO Gato do Mato, which will operate offshore Brazil. Under the contract, TMC will deliver a marine compressed air system consisting of multiple compressors to provide control and service air across the vessel. The company did not disclose the contract value. The system is designed for high reliability and easy onboard maintenance, minimizing downtime and operating costs for the remote deepwater facility located about 200 km from shore. “We have designed our compressors so that the offshore crew can easily maintain them without needing external service technicians,” said Hans-Petter Tanum, TMC’s Director of Sales and Business Development. “Our systems are purpose-built for marine and offshore environments such as FPSOs operating far from shore.” The FPSO Gato do Mato – Orca Project is being developed through a partnership among Shell (50%, operator), Ecopetrol (30%), and TotalEnergies (20%), with PPSA serving as contract manager. Once completed and installed, the FPSO will have an oil production capacity of 120,000 bpd and will be moored in 2,000 m of water. TMC has previously supplied marine compressed air systems to multiple MODEC-built FPSOs. According to Tanum, the new award underscores a long-standing collaboration between the two companies built on performance reliability and trust developed over several decades.