Protogy Global Services News Today

Alleged high-level corruption, weak regulation, and the inability of the National Assembly to criminalise arbitrary billing of electricity consumers may continue to widen the metering gap in the country, as distribution companies fail to metre 8.1 million electricity customers eight years after privatisation.

Stakeholders in the Nigerian power sector are seeking leeway to the persisting electricity metering gap as they call for the retooling of the Central Bank of Nigeria...

Mojec International Limited and Protogy Global Services Limited, yesterday, said the accusation of diversion of funds meant for the metering scheme are baseless.

Some Meter Asset Providers (MAPs) have described the allegation of fund diversion levelled against them by the CBN as baseless.

The CBN has asked a court for an order to freeze 157 accounts of MAPs for 'diverting' funds meant for the procurement of prepaid meters.