NEC To Carry Out Forensic Audit Of Discos

The National Economic Council (NEC) on Thursday said it would carry out a forensic audit of the accounts of all 11 electricity Distribution Companies (DISCOs) with the commercial banks throughout the country.

The council  during the its meeting presided over by Vice President Yemi Osinbajo in  Abuja said the auditing is to know how much had been pumped into the sector by all stakeholders since the 2013 power privatization exercise.

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Following this the council directed the directed state governments to submit their total investments into the power sector to the NEC committee headed by Nasir El- Rufai, before the end of March.

Recall that the federal government had claimed that players in the sector had shown lack of capacity.

The Minister of Power, Saleh Mamman, had blamed the DisCos for poor electricity supply to consumers.

Mamman had said the federal government was considering a proposal to take over power supply from the DisCos and hand it over to a German firm, Siemens.

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