Ikeja Electric signs N570m meters deal with Mojec

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Ikeja Electric has signed a Memorandum of Understanding (MoU) with Mojec International Limited, a local meter manufacturer, for the supply of 2,055 distribution transformers (DT) meters worth about N570 million, The Nation reports.

The agreement signing ceremony took place in Lagos yesterday at the head office of Ikeja Electric in Ikeja, Lagos.

The Acting Chief Executive Officer, Ikeja Electric, Mr. Anthony Youdeowei, was represented by the Company’s Chief Financial Officer, Olubunmi Olukoju.

Olukoju said the investment was a further demonstration of Ikeja Electric’s commitment to a turnaround in the experience of the customers.