The Minister of Works, Power and Housing, Mr Babatunde Fashola, has read the riot act to distribution companies, DISCOS, in the country to step up their service delivery or quit.

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday debunked the recent statement by the Managing Director and Chief Executive Officer, Egbin Power Plc, Mr. Dallas Peavey Jr, that the country’s power woes may worsen in coming weeks.

The Minister of Power, Works and Housing, Babatunde Raji Fashola, SAN, has said that only Distribution Companies (DISCOs) are authorized to sale and install transformers and other power equipment, thereby warning the general public to desist from purchasing from other sources.

The Central Bank of Nigeria (CBN), on Monday, imposed a monetary sanction for commercial banks that breach the terms and conditions of the Nigerian Electricity Market Stabilisation Facility (NEMSF) with the CBN.

A Federal High Court sitting in Lagos has annulled the increment in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC).

The Minister of Power, Works, and Housing, Babatunde Fashola, has explained how the Federal Government lost N7.7 billion from 2014 to 2016 due to strikes by electricity workers.

Following the increase in electricity tariff by 40% which kicked off on February 1 2016, the Nigerian Senate, on Tuesday, directed the Nigeria Electricity Regulatory Commission (NERC), the ministry of power and electricity distribution companies to immediately suspend the increase.

A Federal High Court sitting in Lagos, yesterday, warned the Federal Government and Distribution Companies, DISCOs, against disobeying subsisting court orders on electricity tariff.

The Coalition Against Corrupt Leaders, on Tuesday, decried the recent hike in electricity tariff by the Minister of Works, Power and Housing, Mr Babatunde Fashola, stating that he should not run the ministry like he ran Lagos.

The Consumer Protection Council on Monday said it had summoned all electricity distribution companies in the country to defend allegations of outrageous bills levelled against them by electricity consumers.

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