Nigerian lawmakers pass bill imposing N500,000 fine on Discos

08 October 2016, Abuja — Henceforth, electricity distribution companies (Discos), generating companies (Gencos) and water boards, which unilaterally increase tariffs without consulting the regulatory commissions will pay a fine of N500,000 for a single offence. This new fine, contained in the amendment to Utility Charges Commission (Amendment) Act 2004, passed by the Senate yesterday, implied […] More »