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Military, others owe power firms N51 billion, says FG
  • Post by Admin on sunday, March 05, 2015

The top 100 customers of power distribution companies in Nigeria owe the firms N51 billion, the Federal Government has said. It stated that the main debtors were the military and defence installations across the country, adding that the amount was arrived at after the verification team on the ongoing audit of the debt owed the power firms came up with its findings.

The government disclosed this in a communique issued by the Federal Ministry of Power, Works and Housing on Monday after the end of the 13th monthly meeting between the ministry and operators in the power sector.

The communique read in part, "The meeting received a report on the ongoing audit of debts owed to the distribution companies by government Ministries, Departments and Agencies. The verification team received claims currently estimated at N59.3 billion, subject to further review.

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