
‘How Eight Discos Escaped Licence Revocation’
Fresh facts have emerged as to how eight out of the 11 electricity distribution companies (Discos) were able to escape the withdrawal of their licences by the Nigerian Electricity Regulatory Commission (NERC).
In October last year, the NERC had served the Discos notices of intention to cancel their distribution licences for allegedly breaching
provisions of the Electric Power Sector Reform Act (EPSRA) 2005; terms and conditions of their respective distribution licences; and the 2016 to 2018 minor review of the Multi Year Tariff Order (MYTO) and Minimum Remittance Order for 2019.
The affected Discos included Abuja; Benin; Enugu; Ikeja; Kaduna; …