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NERC Slaps ₦628 Million Fine on Eight DisCos for Overbilling Unmetered Customers

The Nigerian Electricity Regulatory Commission (NERC) has imposed a total fine of ₦628.03 million on eight electricity distribution companies for failing to comply with the approved limits on estimated billing for unmetered customers. The companies penalized include Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola Electricity Distribution Companies. This regulatory action, announced on Thursday,…

SERAP Calls on Tinubu to Reject $1.08bn World Bank Loan, Demands Investigation into Missing N233bn

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to reject the recently approved $1.08 billion World Bank loan. In a statement, the organization called on the president to initiate an investigation into allegations that over N233 billion in public funds have gone missing, been diverted, or are unaccounted for by the…

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