Nigeria’s House of Representatives Public Accounts Committee has summoned 11 electricity distribution companies to explain a combined debt of ₦2.6 trillion owed to the federation account.
The decision followed an investigative hearing on the 2021 Auditor-General’s report, chaired by Rep. Bamidele Salam. The Managing Director of the Nigerian Bulk Electricity Trading Company, Johnson Akinnawo, confirmed the liabilities, presenting NBET records showing the debt profile as of September 2020.
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Abuja, Ibadan and Ikeja Discos top the list of debtors, each owing more than ₦300 billion. Other firms, including Kaduna, Benin, Enugu, Kano, Eko, Jos, Port Harcourt and Yola Discos, also carry heavy arrears.
The report further flagged irregularities, including ₦100 billion paid for undelivered power and ₦26 billion in unpaid electricity exports. Lawmakers have also resolved to summon other operators cited in the report.
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