Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Military, others owe power firms N51bn – FG

The top 100 customers of power distribution companies in Nigeria owe the firms N51bn, the Federal Government has said, The Punch reports.

It stated that the main debtors were the Military and defence installations across the country, adding that the amount was arrived at after the verification team on the ongoing audit of the debt owed the power firms came up with its findings. The government disclosed this in a communique issued by the Federal Ministry of Power, Works and Housing on Monday after the end of the 13th monthly meeting between the ministry and operators in the power sector.

The communique read in part, “The meeting received a report on the ongoing audit of debts owed to the distribution companies by government Ministries, Departments and Agencies. The verification team received claims currently estimated at N59.3bn, subject to further review. The report noted that 86 per cent of the debt, N51bn, was owed by the top 100 customers, mainly composed of military and defence installations around the country.

“As further demonstration of government’s determination to lead by example with regards to payment for electricity delivered, the report stated that all verified bills will be recommended for payment on a first come, first serve basis.” The Federal Government had at the 12th monthly meeting with the power sector players directed the Discos to come up with verified claims on what was owed them by the MDAs.

The post Military, others owe power firms N51bn – FG appeared first on Energy News | Oil and Gas News - Energy Mix Report.



This post first appeared on Energy Mix Report, please read the originial post: here

Share the post

Military, others owe power firms N51bn – FG

×

Subscribe to Energy Mix Report

Get updates delivered right to your inbox!

Thank you for your subscription

×