International and bilateral power consumers that get supply from Nigeria owe the country about N4.71bn, figures obtained on Sunday from the Nigerian Electricity Regulatory Commission showed.
“Odukpani-CEET received an invoice of $3.42m from the MO during the period but no payment was made by this customer. The non-settlement of market obligations by this category of market participants should push MO and NBET to activate relevant safeguards for remittance shortfalls.”
A summation of the total debt in dollars during the six-month period was $7.84m , while the total debt in naira was N1.16bn, hence the cumulative indebtedness of all the debtors stood at N4.71bn It added, “These customers had 100 and 98 per cent remittance performance respectively to the MO in 2022/Q1. However, no remittance was made to the MO by Paras-SBEE and Odukpani-CEET for invoices of $2.39m and $2.03m respectively.”
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