9.13.2012

PHCN to Publish Names of Debtors

The Power Holding Company of Nigeria (PHCN) Plc will soon publish names of its debtors in the national dailies if they fail to pay their debts amounting to N16 billion.

Malam Idris Mohammed, Managing Director of the Kaduna Electricity Distribution Company, said this during the First Customers Consultative Council meeting on Wednesday in Kaduna. 

He expressed regret that the company had such a huge outstanding debt with electricity consumers despite all efforts to ensure regular and effective debt collection.

The managing director, who said the present debt profile of N16 billion was inimical to the company’s corporate survival, urged consumers to settle their electricity bills to ensure good service delivery at all times. 
Culled from PM News

1 comments:

Simply SAMAD said...

...and what happens after the debts are paid? Time to share the loot abi? Bunch of idiots. Their priorities are always screwed up. Rather than focus of supplying constant electricity first, they're busy wasting money. Do they think we do not kn ow how much it costs to run a full page advert - over half a million in some national prints and this is where they want to publish those names abi? Sometimes, i wish a lot of our leaders would just sleep one night and never wake up.

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