The Nigerian Electricity Regulatory Commission (NERC) has indicted the Ikeja Distribution Company (Disco) for flagrant abuse of processes in its makeshift electricity metering plan, the Credited Advance Payment on Metering Initiative (CAPMI).
NERC on Sunday in Abuja disclosed that it had fined Ikeja Disco N131.4 million, following its discovery of the company’s ‘flagrant breaches’ of its CAPMI order, the enabling act of the Commission and terms and conditions of its licence.
The Commission in a statement from its head of public communications, Dr. Usman Arabi noted that the fine was a follow up to an earlier ‘notice of commencement of enforcement action’ which it issued to the electricity distribution company alongside 10 others.
