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    MarketForces Africa » MarketForces News » IBEDC warns customers of imminent disconnection of power supply by TCN

    IBEDC warns customers of imminent disconnection of power supply by TCN

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMay 5, 2023Updated:February 12, 2026 News No Comments2 Mins Read
    IBEDC warns customers of imminent disconnection of power supply by TCN
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    IBEDC warns customers of imminent disconnection of power supply by TCN

    The Management of Ibadan Electricity Distribution company (IBEDC) has warned its customers of the Transmission Company of Nigeria’s (TCN) plan to disconnect its feeders from the national grid due to poor remittances.

    The Chief Executive Officer (CEO) of the company, Mr Kingsley Achife, in a statement in Ibadan on Thursday, noted that the disconnection might result in power outages to customers within the IBEDC franchise area.

     “As a revenue collection arm of the electricity value chain, IBEDC sells and distributes electricity generated by the generation companies.

     “However, the company is unable to meet its financial obligations to the electricity value chain due to poor payment and huge outstanding bills by customers.

    “We appeal to our esteemed customers to pay their current and outstanding bills to enable IBEDC to meet its obligations to the Market Operator.

    “And other parties in the electricity supply industry to ensure continuous and uninterrupted power supply,” Achife said.

    Read also: Nigerian Exchange Gains as Traders Execute Buy Orders

    He also explained that IBEDC as a responsible corporate organisation,  prioritizes providing reliable and excellent service to its  esteemed  customers, but  requires timely payment for the energy consumed.

    “Payment for electricity is essential to ensure the sustainability of our operations, and it is a responsibility that we all share.

     “We urge our customers to note that failure to pay current and outstanding electricity bills may result in disruption of power to homes, communities, and businesses connected to our network.

     “We encourage all customers to pay their bills promptly to avoid any inconvenience,” the CEO said.#IBEDC warns customers of imminent disconnection of power supply by TCN#

    IBEDC TCN
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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