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NERC fines IBEDC N50m

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NERC fines IBEDC N50m

OpeOluwani Akintayo 12 October 2017, Sweetcrude, Lagos – Following an open book review conducted on the financial records of Ibadan Electricity Distribution Company Plc, IBEDC, the Nigerian Electricity Regulatory Commission, NERC, said it found the company wanting on two grounds of inappropriate financial transactions and was subsequently fined a sum of N50 million. The fine, …

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NERC fines IBEDC N50m NERC fines IBEDC N50m Reviewed by Crude Oil Facilitators on 15:36 Rating: 5

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