Eko Disco Moves to Recover N4.2bn Debt

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Eko Electricity Distribution Company Plc (EKEDCP) said it has set up a task force to inspect houses of consumers and henceforth would impose penalty on anyone caught in energy theft. The Disco is also offering anyone who reports energy theft 20 per cent of the money so recovered.

 Chief executive officer of EKEDCP, Mr Oladele Amoda, who announced this at a stakeholders’ forum with Festac Town residents in Lagos, said the measure becomes necessary against the backdrop of over N1 billion the company lost to various forms of energy theft and vandalism in the zone.

The CEO, who was represented by Mr Sam Nwaire, chief operating officer, said the company has spent about N1 billion in the last three years to replace vandalised equipment and damaged meters by customers in a bid to bypass the meters.

Amoda said the company would henceforth commence effective prosecution of energy theft suspects and also publish their names in the national dailies. “We appeal to our customers to avoid engaging in bye-passing the meters because it’s criminal and punishable under Electricity Regulation Code of Conduct Act.

“I will advise customers to exercise patience with EKEDCP as we promise to address all the issues as regards estimated billing and other  challenges,” he said.

Source: NigeriaToday

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