Court reaffirms order against NERC from escrowing Disco accounts

22 June 2016, Abuja -A Federal High Court sitting in Abuja yesterday restrained the Nigerian Electricity Regulatory Commission (NERC) from implementing the agency’s March 2016 directive to the Central Bank of Nigeria (CBN) to escrow the accounts of electricity distribution companies, who cannot meet their monthly payment obligations to the Nigeria Bulk Electricity Trading Plc […] More »