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