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From Ndubuisi Orji, Abuja
The House of Representatives Public Accounts Committee (PAC), yesterday , summoned the management of Ibadan Electricity Distribution Company (IBEDC), Benin Electricity Distribution Company (BEDC), and Port Harcourt Electricity Distribution Company (PHEDC) over N100 billion owed to the Federation Account.
Chairman of the Committee, Bamidele Salam, who issued the summon at an investigative hearing, directed the Discos to appear before the panel within 72 hours or face sanctions for contempt.
Salam, who expressed concern that some of the liabilities have remained unpaid for over a decade, stated that the affected Discos had repeatedly failed to honour the invitations of the committee.
Consequently, he noted that it is imperative for an urgent and decisive action to recover the funds and ensure they are properly accounted for in the interest of the Nigerian government and the public.
PAC had on August 20, summoned 11 electricity distribution companies over a cumulative debt of ₦2.6 trillion owed to the Federation Account.
Nevertheless, the lawmakers noted that management of IBEDC, BEDC, and PHEDC have consistently failed to honour its invitations to account for their outstanding liabilities, as contained in the Auditor-General’s reports for the 2021 and 2022 financial years.
