PunchNG (illustrative image on article page)
2025-12-16
According to The Punch, the House of Representatives Public Accounts Committee summoned IBEDC, BEDC and PHEDC over alleged failure to remit more than ₦100bn owed to the Federal Government.
The committee said the move is about protecting public resources and warned that ignoring summons can attract penalties under the law.
The matter sits within broader debates on market shortfalls and cashflow constraints in the power sector.
ThisDay: “summoned… over N100bn payment default.”
BusinessDay: “summons… over N100bn debt to FG.”
Analysis/Echotitbits take: This could force repayment plans—or fade without enforcement. Watch for sanctions, structured recovery agreements, and whether regulators address the deeper revenue-collection and tariff issues driving remittance gaps.
Source: The Punch — December 16, 2025 (https://punchng.com/n100bn-unpaid-reps-move-against-three-discos/)
