N93.4bn Debt: NERC Dissolves Kaduna Electric Board, Appoints New Management
The Nigerian Electricity Regulatory Commission (NERC) has taken regulatory action against Kaduna Electricity Distribution Company (Kaduna Electric) following
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The Nigerian Electricity Regulatory Commission (NERC) has taken regulatory action against Kaduna Electricity Distribution Company (Kaduna Electric) following
The Nigerian Electricity Regulatory Commission, on Monday, announced the dissolution of the board of directors of Kaduna Electricity Distribution Company over the Disco's inability to pay N110bn debt owed to the Nigeria Electricity Supply Industry.
Yusuf Yahaya, the managing director and the chief executive officer of Kaduna Electric, had recently resigned from the company.
The Nigerian Electricity Regulatory Commission (NERC), on Monday dissolved the Board of Directors of Kaduna Electricity Distribution Company (KAEDC). The dissolution followed KAEDC inability to pay N110 billion debt owed the Nigerian Electricity Supply Industry (NESI) The Commission said this in a document jointly signed by its Chairman, Sanusi Garba and Vice Chairman, Musiliu Oseni,
Ibadan Electricity Distribution Company has confirmed a monthly loss of N50m to electricity cable theft. Attributing the monthly loss to the activities of