Eko Electricity Distribution Company (EKEDC) has alleged the Army,

Police and other customers have refused to pay its outstanding debt of N144 billion.

Its Acting Managing Director, Mrs.Rekhiat Momoh disclosed this to the House of Representatives Committee on Privatisation and commercialisation which visited the company in Lagos on an oversight function on Monday.

Bureau of Public Enterprises (BPE) Head of Public Communications, Amina Othman announced this in a statement.

The firm said: “The company was owed N144bn by MDAs in its area of operation and that the Nigerian Military, the Nigerian Police Force and other state government agencies have refused to pay up their debts, thus, posing a challenge for the Disco.”

BPE said Momoh gave a brilliant scorecard of the company and noted that the company is the only Disco in the country that has reduced its ATC&C Losses Ratio to the barest minimum despite the challenges in the power sector.

She said EKEDC had reduced the AtC&C Losses Ratio from 35% in 2023 to 15.1% in 2024 and that the company has over 700,000 of its customers metered.

Momoh added that the Disco was working out modalities in collaboration with federal government Distribution Sector Recovery Program (DISREP) to procure an additional 92,000 meters for its customers.

The Disco boss stated that EKEDC had made significant improvements in technology, provision of meters and transformers even as she revealed that “EKEDC is the only Disco that fulfils its monthly obligations remittance to the Nigerian Bulk Electricity Trading (NBET) Company”. (The Nation)

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