The private investors personally collected their share certificates from the then President Goodluck Jonathan on September 30, and took over the management of the assets from November 1, 2013.From the DisCos, the government got $1.3bn , but investigations reveal that electricity consumers still get epileptic supply. They also buy meters, transformers, and other electrical materials across the 11 privatized DisCos.
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INVESTIGATION: After acquiring $1.3bn DisCos, investors leave meter, transformer burdens to consumersSix years ago, the Federal Government unbundled the Power Holding Company of Nigeria (PHCN) and handed over 18 utility firms to private investors.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
INVESTIGATION: After acquiring $1.3bn DisCos, investors leave meter, transformer burdens to consumersSix years ago, the Federal Government unbundled the Power Holding Company of Nigeria (PHCN) and handed over 18 utility firms to private investors.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
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