Presidency accuses power companies of plotting electricity supply disruption

Works, Power and Housing minister, Mr Babatunde Fashola

The Presidency has accused some of the electricity generating companies of plotting to disrupt the supply of electricity nationwide.

Power, Works and Housing Minister, Raji Fashola, who made the accusation, at the 25th monthly meeting of the power sector, held in Uyo, the Akwa Ibom State capital, explained that the planned power disruption has political undertone.

The minister said his office had received an intelligence on secret meetings being held by the electricity generating companies, to cripple power supply.

Fashola recalled that, some of them had sued the Presidency in court for alleged preferential conditions given to new power investor, Azura Power West Africa and Accugas.

The minister, accusing the power generating companies of attempting to blackmail the presidency, says he will not allow them to become a monopoly in the power sector, and hold the nation to ransom.

He said, “While they seek refuge in a court of law, they must be ready to face scrutiny in the court of public opinion. The court of public opinion is a court of conscience and morality. In the court of public opinion, they must be ready to tell the citizens how they felt when other groups went to court to stop the implementation of tariffs approved by NERC in 2016.

“They must explain to this public court whether they went to court before government approved a N701 billion payment assurance guarantee to pay their monthly power bills. They must disclose to this court that they owed debts, from the pre-Buhari era, because their income had reduced to less than 50 percent.

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