NERC fines Ibadan DISCO N50m

News by Ayo Oluokun from The NEWS Read the complete details here

The Nigerian Electricity Regulatory Commission (NERC) has slammed  a fine of N50 million to the Ibadan Electricity Distribution Company (IEDC). The fine was on  account of the failure of the company to secure a refund of an interest free loan the board of IEDC granted to its core investor group. A statement by Dr.