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Nairaland Forum / Nairaland / General / Politics / 3 DisCos Get New Boards, AMCON Take Over IBEDC (15597 Views)
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3 DisCos Get New Boards, AMCON Take Over IBEDC by ijustdey: 7:24am On Jul 06, 2022 |
• New boards for Kaduna, Kano, Benin distribution companies • AMCON takes charge of IBEDC Four electricity Distribution Companies (DisCos) are to be managed by new boards following their takeover by banks and the Assets Management Corporation of Nigeria (AMCON). https://thenationonlineng.net/banks-take-over-discos/ 4 Likes 2 Shares
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Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Omihanifa: 7:31am On Jul 06, 2022 |
Just imagine the kind of questionable people that bought these discos. Nigeria is in a total mess. I can bet everything that apart from Abuja and Lagos discos. Others didn't invest anything to upgrade their assets. 34 Likes 2 Shares |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by LOLSeeComment: 7:41am On Jul 06, 2022 |
Hmm |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by GOATandYAMtheory: 7:47am On Jul 06, 2022 |
Only Peter Obi can save us in this country When Peter obi becomes president, there would be steady power supply like we had in Anambra when he was Governor, enough savings for Nigeria, and most importantly, enough growth in his Pandora investment. IPOB logic ehn.. 16 Likes 3 Shares |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by oz4real83(m): 8:20am On Jul 06, 2022 |
Gone are those days I used to blame GEJ for the evil privatization he did. Seven years are enough for PMB to correct all the errors in the evil privatization but he has absolutely nothing meaningful to offer. Power never improved for once throughout this administration. Bedc should be the worst among all the distribution companies, they don't even care about the public perception of them. Still no prepaid meters from Bedc. It has never been this bad in the history of this country. This administration took Nigeria to a messy state the country has never ever been in 29 Likes 2 Shares |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by saheedbadmus(m): 8:21am On Jul 06, 2022 |
When will they take over Ikeja electric |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Topmaike007(m): 8:21am On Jul 06, 2022 |
Ok |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Hillarie(m): 8:22am On Jul 06, 2022 |
From top to bottom. Naija |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by DropsMic(m): 8:22am On Jul 06, 2022 |
Top to Bottom yeah yeah 3 Likes
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Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by xperiencelove(m): 8:22am On Jul 06, 2022 |
Corruption in these DisCos is on another level. They only remit half of the money they generated and share the rest. 6 Likes |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by stano2(m): 8:23am On Jul 06, 2022 |
Are they taking over to work or bent on recovering money?? This country is gone. Meanwhile Peter Obi goes to Arise TV and discusses National issues while others go to Arise TV and discuss Peter Obi 3 Likes |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Johnrake69: 8:23am On Jul 06, 2022 |
Vote Peter Obi for Presidency. Let's try something different. Nigeria can't afford the level of waste that has been institutionalised. 5 Likes |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by havenz(m): 8:23am On Jul 06, 2022 |
And the word said LET THEY BE LIGHT but Nigeria government said Let They Be Darkness. |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Nobody: 8:23am On Jul 06, 2022 |
Not surprised. IBEDC cannot meet up its demands economically because it has to charge for bills below the cost of producing power, and because a lot of people do not pay their bills in its catchment area. Combined together, it cannot run at a profit, and has to be taken over by AMCON. 6 Likes 1 Share |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by helinues: 8:24am On Jul 06, 2022 |
The next president should actually look into the formation of AM ON. They are not doing their work at all 4 Likes |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by dele1727: 8:24am On Jul 06, 2022 |
IBEDC is gone.... Amcon management style is for recovery of debt not for Growth... Amcon will run the company in a way that help them get their money back....although I see them selling to another buyer soon 8 Likes |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by money121(m): 8:24am On Jul 06, 2022 |
Ok |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by MrBONE2(m): 8:28am On Jul 06, 2022 |
Omihanifa:
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Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by MrBONE2(m): 8:29am On Jul 06, 2022 |
xperiencelove: 2 Likes
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Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Akerele44(m): 8:29am On Jul 06, 2022 |
GOATandYAMtheory: I no fit laff..u don Sabi them Na so fire burning happen for one place like that One mumu come comment shouting Vote OBI to stop fire Most IPOB people are mentally unstable Many are mad few were roaming on the street 7 Likes |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by dele1727: 8:30am On Jul 06, 2022 |
DropsMic: How does this concern Buhari? Jonathan privatised and sold the Disco and the Gencos... If you want to criticise....lets be reasonable and think our contributions through... In the case of security...you can knock Buhari as long as you like...because as an Ex-General....he is totally useless...but on this electricity issues... Jonathan and PDP sold them under very foolish conditions.. 9 Likes |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by MrBONE2(m): 8:31am On Jul 06, 2022 |
stano2: Bwana they taking over to recover their money and finally dump them on Trash 2 Likes 1 Share
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Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Nobody: 8:31am On Jul 06, 2022 |
Omihanifa: Maybe, but at the end, no business can run, shady or otherwise if government is telling them how much they should charge, and paying you money that barely covers your losses. Meanwhile the cost of producing a unit of power is higher than the government set price. There is a reason why no reasonable investor came in to invest in power. Government price setting. 1 Like 1 Share |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by HopeNeverDies: 8:31am On Jul 06, 2022 |
Damnnn!!! Light is critically worst in Ibadan in recent times... |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by MrBONE2(m): 8:32am On Jul 06, 2022 |
Akerele44: 6 Likes
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Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Nobody: 8:33am On Jul 06, 2022 |
oz4real83: I hate to defend Buhari, but reversing the privatisation would amount to breaking a contract, which means that the government would be on the hook for millions or billions of naira in compensation to the now fromer owners should they do so. (Yes, government did look at reversing and took legal advice on the matter. The advice was that if they did it, they pay compensation) 13 Likes |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Opolopoopolonio: 8:34am On Jul 06, 2022 |
What a shame! |
Re: 3 DisCos Get New Boards, AMCON Take Over IBEDC by Nobody: 8:35am On Jul 06, 2022 |
xperiencelove: Because if they don't they would collapse. That they are even able to remit half is a miracle in itself...they barely have enough...plus they don't pay money to the treasury per se as do NNPC.....they pay money to GENCOS and the TCN.... 1 Like |
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