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    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

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    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

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    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

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    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

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    Tinubu Approves Nigeria’s Hosting of 2026 CAF Awards, General Assembly

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    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

    ‘My Brand Will Stand,’ Classic Kitchen Boss Declares amid Sabotage Attempts 

    ‘My Brand Will Stand,’ Classic Kitchen Boss Declares amid Sabotage Attempts 

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    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Why I’m Married To SFG Akume – Zaynab

    Why I’m Married To SFG Akume – Zaynab

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    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Nollywood Actor Alex Ekubo Dies After Battle With Health Challenges 

    Nollywood Actor Alex Ekubo Dies After Battle With Health Challenges 

    Ilebaye’s Father Speaks On Viral Family Clash, Claims Reality Stars Winner Attacked Him First

    Ilebaye’s Father Speaks On Viral Family Clash, Claims Reality Stars Winner Attacked Him First

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

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    Aston Villa Thrash Freiburg To Win Europa League As Emery Makes History

    Aston Villa Thrash Freiburg To Win Europa League As Emery Makes History

    Rangers Declare War Ahead of Federation Cup Clash with Godswill Akpabio FC

    Rangers Declare War Ahead of Federation Cup Clash with Godswill Akpabio FC

    Tinubu Approves Nigeria’s Hosting of 2026 CAF Awards, General Assembly

    Tinubu Approves Nigeria’s Hosting of 2026 CAF Awards, General Assembly

    Mercedes-Benz Drags Osimhen to Police Over €90,000 Car Dispute

    Mercedes-Benz Drags Osimhen to Police Over €90,000 Car Dispute

    Ex – Super Eagles Striker Eneramo Collapses, Dies During Match In Kaduna

    Ex – Super Eagles Striker Eneramo Collapses, Dies During Match In Kaduna

    “Earn It on the Pitch” — Italy Rejects Talk of Replacing Iran at World Cup

    “Earn It on the Pitch” — Italy Rejects Talk of Replacing Iran at World Cup

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IBEDC Appeals To Ogun Customers To Settle Unpaid N67Billion Debt

...Says Debt Affects Business Survival

The Daily Crucible by The Daily Crucible
October 17, 2023
in Business
0
IBEDC Appeals To Ogun Customers To Settle Unpaid N67Billion Debt

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By Ayobami Ife, Abeokuta
 Ibadan Electricity Distribution Company (IBEDC) has lamented the increasing huge debt being owed by residential consumers in Ogun State, saying this has become a heavy burden to bear.
IBEDC says residential consumers in the state are owing her a whooping sum of over N67bn, noting that disconnection of residential areas may follow if people failed to offset their debts.
The Chief Executive Officer of the power distribution company, Engr Kingsley Achife, who made this known on Monday also urged the public not to shield staff of the company indulging in unwholesome practices as about 20 of such erring ones had been laid off in the last five months
 Achife disclosed this at a community engagement in Abeokuta with its customers within Abeokuta metropolis and Sagamu to seek better working relationships and to particularly appeal to them to settle the debt owed the company.
Achife who was represented by Mrs Busolami Tunwase, Lead Media Relations Officer, IBEDC, Ibadan lamented that the debt is suffocating and a source of concern, appealing to consumers to begin payment to avoid disconnection.
Achife said “We have called this meeting to seek better working relationships with our customers but this we cannot do if they are not paying for the services being rendered. As we speak customers in Ogun State are owing us over N67bn, this is very huge and we all know that no business can survive with suffocating debt like this. So we are appealing to them to pay up before we begin to disconnect them
“Another issue is that of theft of the energy whereby the customers are short-changing the company. They are either not paying for what they use or not paying completely for the energy consumed. Some customers do this by bypassing their metres, some don’t have metres at all, they just connect to their houses directly. They do these mostly in the night, these are pure economic sabotage. The people should stop this, they should get their metres and eradicate problems of crazy billings
“In addition to this is the use of illicit meters, when the customers don’t buy such metres from us the money goes elsewhere and we have made the metres available. You don’t even need a third party to obtain your metres, all you have to do is to pay into a designated bank account.
“Another thing here is the dangers of using illicit metres. This could cause fire outbreak and electrical shock among others. To avoid this danger, the customers should patronise IBEDC their metres which has been tested and approved by relevant regulatory bodies.”
Engr Achife also urged the customers to stop beating and maiming their staff saying that they can always report such staff for appropriate disciplinary measures.
He said, “In the last four of five months, about 10 of our staff found wanting have been shown the exit. We encourage our customers to always blow the whistle and once we carry out our investigation and the person is found culpable, the company will take up such individual because one of our core values is integrity.”
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