House of Reps Summons 11 Discos Over N2.6 Trillion Debt to Federation Account
[NigerianEye - Nigeria] - 21/08/2025
The House of Representatives Public Accounts Committee has summoned the management of 11 electricity Distribution Companies (Discos) to explain a staggering N2.6 trillion debt owed to the Federation Account, as revealed by the Nigerian Bulk Electricity Trading Company (NBET) Plc. The resolution, adopted on Wednesday during an investigative hearing chaired by Rep. Bamidele Salam, follows a review of the 2021 Auditor-General’s report, which exposed significant financial irregularities in Nigeria’s power sector.The summons was prompted by the testimony of NBET’s Managing Director, Johnson (…)
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