The House of Representatives Public Accounts Committee has summoned 11 electricity distribution companies (Discos) to appear before it over an outstanding debt of N2.6 trillion owed to the federation account.
The resolution was reached on Wednesday during an investigative hearing chaired by Representative Bamidele Salam, following a review of the 2021 Auditor General’s report.
The session featured an appearance by the Managing Director of the Nigerian Bulk Electricity Trading Company (NBET) PLC, Johnson Akinnawo, who disclosed the scale of the liabilities.
According to NBET documents submitted to the Committee, as of September 30, 2020, the 11 Discos collectively owe N2.6 trillion. The breakdown is as follows:
Abuja Electricity Distribution Company (AEDC) – N330.4 billion
Eko Electricity Distribution Company – N231 billion
Benin Electricity Distribution Company – N233.2 billion
Enugu Electricity Distribution Company – N258.3 billion
Ibadan Electricity Distribution Company – N325.7 billion
Ikeja Electricity Distribution Company – N310 billion
Jos Electricity Distribution Company – N161.7 billion
Kaduna Electricity Distribution Company – N277.7 billion
Kano Electricity Distribution Company – N211.7 billion
Port Harcourt Electricity Distribution Company – N239.7 billion
Yola Electricity Distribution Company – N107.4 billion
