The Nigerian Electricity Regulatory Commission, NERC has informed eight power Distribution Companies, DISCOS on its resolved to revoke their licences in sixty-days after they accumulated over thirty billion naira energy invoice debts for July 2019.
The NERC’s Commissioner for Legal, Licencing and Compliance Dafe Akpeneye, in a notice directed Abuja, Benin, Enugu, Ikeja, Kano, Kaduna, Port-Harcourt, and Yola DisCos to explain why their licences should not be withdrawn.
NERC said the eight DISCOS received over thirty billion naira invoice from NBET for the energy they received in July 2019, they only remitted about five point nine billion naira.
NERC threaten to revoke DISCOS’ licence for the first time after the power sector privatization of 2013.
