Friday, 29 May 2020 05:54

Electricity companies drag FG to court over ‘business interference’

Rate this item
(0 votes)

Electricity distribution companies have dragged the Federal Government to court to restrain it from further interfering in the corporate business activities of the power firms.

According to the firms, the government, through Nigerian Electricity Regulatory Commission and other agencies, had been interfering in the corporate activities of the Discos, a development, they claimed, had hampered their smooth operations.

Senior officials of some of the power firms told our correspondent in Abuja on Thursday that the Discos resolved to take the matter to court.

Nigeria’s power distribution firms include Abuja, Benin, Eko, Enugu, Ibadan, Ikeja, Jos, Kaduna, Kano and Port Harcourt Discos.

“We cannot continue to fold our arms and watch how the government through its agencies sustain their undue interference in our corporate business activities,” an impeccable source with one of the Discos stated.

The official added, “NERC, TCN (Transmission Company of Nigeria) and even NEC (National Economic Council) are often interfering in Discos’ activities, and we need to ask the court to call them to order.”

It was gathered that the Discos were asking the court to restrain the affected agencies from interfering in their businesses unless the boards of the power firms were duly consulted.

Officials of the Discos told our correspondent that the court order had been served on the affected agencies, adding that the power firms were also asking the court to restrain NERC from sending forensic auditors to their firms.

 

Punch

January 18, 2025

Petrol sells higher across Nigeria as Dangote Refinery raises prices

The price of Premium Motor Spirit (PMS), commonly called petrol, has risen sharply across Nigeria…
January 19, 2025

‘Govt destroys lives in Nigeria; UK shouldn’t be allowed to become such’ - Kemi Badenoch

The leader of UK’s Conservative Party, Kemi Badenoch, has said she doesn’t want Britain to…
January 19, 2025

3 reasons it's hard to make friends as you get older

When I first moved to New York City, it took me about a year to…
January 18, 2025

Vandals plunge Nigeria’s seat of power into darkness

In a spectacle befitting a nation where irony is never in short supply, the Presidential…
January 18, 2025

Oba Otudeko flees Nigeria as EFCC tightens noose

In a dramatic twist, Oba Otudeko, former chairman of First Bank of Nigeria (FBN), has…
January 19, 2025

Here’s the latest as Israel-Hamas war enters Day 471

Gaza ceasefire and hostage release set to begin A ceasefire in Gaza between Israel and…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.