DisCos Seek Probe of NBET, GenCos for Alleged Fraud

The Association of Nigerian Electricity Distributors (ANED) called on the Federal Government to probe the Nigerian Bulk Electricity Trading (NBET) Plc over inflation of invoices to Electricity Generation Companies (GenCos).

Its Director of Research and Advocacy, Sunday Oduntan at a briefing in Abuja, said NBET and power generators  have to open their books for scrutiny.

He called for immediate intervention in the power sector to make it more sustainable, stressing that the process for raising monthly energy invoices be made transparent.

ANED urged the Federal Government to compel a transparent audit of market accounts noting that  DisCos can’t continue to pay for GenCos’ investments when such costs cannot be passed to electricity customers.

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