The Commissioner for Engineering Performance and Monitoring, Nigerian Electricity Regulatory Commission (NERC), Prof. Frank Okafor, has disclosed that the agency has initiated a regulatory proceeding that may lead to the sack of the management boards of the 11 electricity distribution companies (Discos) in the country over their poor performance, ThisDay reports.
Okafor said this yesterday at the 16th edition of the monthly power sector operators’ meeting which was hosted by the Niger Delta Power Holding Company (NDPHC) Limited at one of its transmission stations in Ugwuaji, Enugu State.
He explained that the regulatory commission was fed up with the operational excesses of the Discos, especially on their reported failures to abide by the performance agreements they signed with it in providing meters for electricity consumers in the country, and would in this regards initiate tough regulatory actions against them.
“We are looking at very heavy sanctions including calling off the boards of some Discos and replacing the boards. It is going to be as bad as that very soon because NERC has a right just like the Central Bank does to the banks, to sack the board and put in a new board,” he said.