N4.4bn debt: Kaduna DISCO seeks National Assembly intervention

The Managing Direc­tor/Chief Executive Officer of Kaduna Electricity Distribution Company, Mallam Idris D. Mohammed, has appealed to the National Assembly to intervene in the N4.4 billion debt owed it by military for­mations and the police.

Mohammed said the inter­vention by the National As­sembly had become impera­tive in order to get the security agencies to pay up the N4.4 billion they owed the company.

The Kaduna DISCO CEO made the appeal when the Chairman, Senate Committee on Privatisation, Mr. Olug­benga Obadara paid a courtesy visit to the firm.

Mohammed equally en­joined the committee to strengthen the existing legis­lation to deal with vandals of electricity installations in the country and power theft.

He added that the man­agement had embarked on systematic and result-driven restructuring of the workforce before handing over to the new investors.

Responding, Obadara af­firmed that government had no business running businesses while commending the Bureau of Public Enterprises (BPE) for effectively carrying out its assignment, especially the pri­vatisation of the power sector.

He advised the Transitional Committee of Kaduna DISCO to work harder to recover the debts owed the company by the military formations and the police.

Source : SunOnline

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