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Senate expresses concern over N70 96bn debt owed DisCo by customers, MDAs

Senate expresses concern over N70 96bn debt owed DisCo by customers, MDAs
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Nigerian govt institutions owe bulk of N70bn customer debts

2 min read Ikeja Electric says some of the challenges facing the power distribution company include an outstanding N70.97 billion debt owed to the company by its customers. Ugo Obi-Chukwu, the company’s chief marketing officer, said the bulk of the debt was owed by Ministries, Departments and Agencies (MDAs). He said efforts were ongoing to ensure the repayment of the debt. Mr Obi-Chukwu made the disclosure during a visit of the Senate Committee on Privatisation and Commercialization to the company on Thursday in Lagos. The News Agency of Nigeria (NAN) reports that the committee was led on the oversight visit by its Chairman, Theodore Orji, a former Governor of Abia.

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