The Nigerian Electricity RegulatoryCommission said the eleven Electricity Distribution Companies in Nigeria and four international customers including Paras SBEE, Transcorp SBEE, Mainstream NIGELEC and Odu-Pani-CEE failed to remit N97.5 billion debt issued to them by Market Operators in the fourth quarter of 2023.
The Commission disclosed this in its latest fourth-quarter report. According to the data obtained from the Nigerian Electricity Regulatory Commission’s 2023 fourth-quarter report, the eleven DisCos held unto N81 billion while four international customers , did not remit $12m invoice issued to them by the MO for services rendered in Q4 2023.
02m issued by the MO for services rendered in 2023/Q4. The report, however, noted that some international customers made payments during 2023/Q4 for outstanding MO invoices from previous quarters. It also said that there were no remittances by bilateral customers against the cumulative invoice of N1.9m issued to them by the MO for services rendered in 2023/Q4.
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