Index to Nigerian Newspapers

A former Nigerian Electricity Regulatory Commission (NERC) Chairman, Dr. Sam Amadi on the  23rd of january 2022 cautioned against the managment of electricity distribution companied (DisCos) by the Asset Management company of Nigeria (AMCON). Speaking with the Nation on the telephone, he insisted that the primary motive of the banks is to recovered its loans to the DisCos. AMCON at the weekend took over Ibadan Electricity Distribution Company (IEBDC) for the latter's failiure to repay its loan. IEBDC  don't have the financial capabilities to engineer quick turnover around  their operations to generate funds  for payment.