Business
Abuja Electricity to disconnect Aso Rock Villa, 85 other agencies
Abuja Electricity Distribution Company (AEDC) has served a notice of disconnection to Aso Rock Villa, and 85 other ministries, departments, and agencies under the federal and state governments. The disconnection notice was published in a national daily on Monday, February 19, stating that the indebted MDAs have been given a 10 days grace period to pay. The AEDC said it was being owed N47.195 billion in outstanding debts as of December 2023.

It listed the Chief of Defence Staff, Barracks and Military formations, the Federal Capital Territory Authority, and the Ministry of Finance as its top debtors during the period. Other agencies are the Ministry of Power, Ministry of State Petroleum, Central Bank Governor, the Independence National Electoral Commission, INEC, Nigeria Police Force, and other MDAs listed as debtors to AEDC. “The relevant MDAs are hereby given that AEDC shall, after the expiration of 10 days from the day of the publication, that is, after Wednesday, February 28, 2024, embark on disconnection of service to them until they discharge their obligation to pay us their debts”, the company said”.
-
Oil and Gas1 day agoOil prices fall 2% on hopes for US-Iran conflict easing
-
Stock Market1 day agoNigerian equities market closed on a bullish note, marginal fall in average yield
-
Finance1 day agoCurrency outside Nigerian banking system drops to N4.92trn in June
-
News1 day agoParis Club Refund: ALGON, LGAs urge court to dismiss lawyer’s suit
-
News5 hours agoPwC, EY jointly command an estimated 35.9% of Nigeria’s corporate audit market in 2025`
-
Oil and Gas5 hours agoInternal documents show Shell’s role in oil theft, environmental damage across Niger Delta
-
Oil and Gas5 hours agoOil jumps 7% on escalating Middle East airstrikes
-
Economy5 hours agoAtiku raises alarm over Nigeria’s N12.62tr debt profile
