Speaking with reporters at the Market Operator’s Participants/Key Stakeholders 2019 Third Quarter Interactive Forum in Abuja, its MO, Edmund Eje, said the fund would be disbursed soon.
Meanwhile, the decision was that government should not reverse the privatisation of the distribution firms, it would rather invoke its regulation force to whip the debtors into line. Eje noted that should the company fail to pay up in another five days, it would result in its suspension from the market.
“From May we said every participant in the market has to pay 100 per cent. For paying 100 per cent, you will also mention that your bank guarantee is updated. Now, those of them that were not updated require a fine. We will inform them that it invoked a fine of N5.6million.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUST IN: FG injects N600b into electricity market - The Nation NewspaperThe Market Operator of the Transmission Company of Nigeria (TCN), Engr. Edmund Ejie, on Wednesday disclosed that the Federal...
Source: TheNationNews - 🏆 6. / 69 Read more »
Siemens To Begin Power Sector Roadmap ImplementationSiemens To Begin Power Sector Roadmap Implementation The director-general, Bureau of Public Enterprises (BPE), Alex\u00a0 Okoh, has confirmed that the implementation of the agreement signed between the federal
Source: LeadershipNGA - 🏆 4. / 77 Read more »
DSS: Sowore plotted to topple govt - The Nation NewspaperTHE Department of State Services (DSS) has said its investigation revealed that RevolutionNow was a smokescreen for the actual intention
Source: TheNationNews - 🏆 6. / 69 Read more »
VIDEO: Lecturer makes students handle python for marksChecking out 'VIDEO: Lecturer makes students handle python for marks' on The Nation Newspaper Community:
Source: TheNationNews - 🏆 6. / 69 Read more »
DRAMATIC VIDEO: Kids cry uncontrollably for their dead favourite actorChecking out 'DRAMATIC VIDEO: Kids cry uncontrollably for their dead favourite' on The Nation Newspaper Community:
Source: TheNationNews - 🏆 6. / 69 Read more »
PHOTOS: Youths protest EFCC’s ‘raid’ on Ambode’s residenceChecking out 'PHOTOS: Youths protest EFCC’s ‘raid’ on Ambode’s residence' on The Nation Newspaper Community:
Source: TheNationNews - 🏆 6. / 69 Read more »