NBET, she added, remains committed to ensuring timely and efficient payments to GenCos to enable the generators fulfil their obligations
Browsing: Nigerian Bulk Electricity Trading
The sleaze by the NBET was uncovered by the Senate Committee on Public Accounts, chaired by Senator Mathew Uhrogbide, when the Managing Director of the company, Dr. Nnaemeka Ewelukwa, appeared before the committee to defend the query raised by the Office of the Auditor General of the Federation on the issue.
The affected agencies are the Nigeria Social Insurance Trust Fund, Nigerian Bulk Electricity Trading and Transmission Company of Nigeria.
The ANED Executive Director, Research and Advocacy, Sunday Oduntan, said on Sunday in Lagos that the fund was a partial solution to the sector’s liquidity challenges
The House also called on the Federal Ministry of Power, Works and Housing, the Nigerian Electricity Regulatory Commission and the Nigerian Bulk Electricity Trading to immediately halt the move to raise the bond