The Minister of Power, Works and Housing, Babatunde Fashola yesterday warned electricity distribution companies (DisCos) to stop blackmailing the Federal Government. He advised them to prove how much Ministries, Departments and Agencies (MDAs) are owing each of them.
Responding to the newspaper advertorials that the DisCos have been running under its umbrella body, Association of Nigerian Electricity Distributors (ANED), he said the group was being economical with the truth.
He accused ANED of failing to tell Nigerians that each of the DisCos has not presented the alleged debt profile to the Federal Government.
He spoke at the monthly power sector meeting in Ikot Ekpene, Akwa Ibom State.
Fashola insisted that debts are paid by quantification but not by estimation.
He reminded them that the privatisation exercise that handed over the assets to the power companies was between the government and each separate DisCos and not through an association.
Source: The Nation