The House of Representatives Public Accounts Committee (PAC) has called upon the management of the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DisCcs) to account for loans totalling $321 million and N18.2 billion, which were allocated for accelerating transmission, distribution interface, lines, and substation projects. This summons was issued on Thursday, during the appearance of the Managing Director of the Transmission Company of Nigeria (TCN), Sule Abdul-Aziz, before the committee. The Committee’s Chairman, Bamidele Salam, stated that these loans were obtained during the previous administration to improve…
Read MoreElectricity Projects: H/Reps. summons CBN, DisCos, over $321m, N18.2bn loans
