NERC

Six years ago, the Federal Government unbundled the Power Holding Company of Nigeria (PHCN) and handed over 18 utility firms to private investors. Government raked in $2.5 billion (about N916.575bn) from the transaction involving six…

Disguised, for two weeks, as a desperate customer in need of a prepaid meter, TAIWO ADEBULU investigates racketeering rings among officials of Ibadan Electricity Distribution Company (IBEDC). In this report, he details how the officials…