Dollar to Naira News

KEDCO Cuts Power Supply To Dangote Varsity Over N248m Debt – Daily Trust

By Daily Trust

The Kano Electricity Distribution Company (KEDCO) has disconnected the power supply to Aliko Dangote University, Wudil, over an outstanding debt of N248 million.

The Managing Director of KEDCO, Alhaji Abubakar Yusuf, told the News Agency of Nigeria (NAN) in a telephone interview on Monday that the company had no choice but to take action.

He said that the institution only made payment of N20 million out of the outstanding N248 million.

Yusuf vowed that the power supply would only be restored if the management made “appreciable payment’.

He further explained that KEDCO was spending heavily to purchase power from the Transmission Company of Nigeria (TCN), hence the need to redouble efforts toward revenue generation.

“I urge all institutions, including federal and state entities, as well as agencies, to settle their outstanding debts.

“We have measures in place to ensure collection of monies owed us,” Yusuf said. (NAN)

See Dollar to Naira black market today, Pound to Naira, Euro to Naira, Dollar to Naira CBN rate and Dollar to Naira Bank rate today.

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