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    MarketForces Africa » MarketNews » Indebtedness: EEDC Decries Disruption of Its Operations by Enugu Govt Agency

    Indebtedness: EEDC Decries Disruption of Its Operations by Enugu Govt Agency

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJune 12, 2024 MarketNews No Comments2 Mins Read
    Indebtedness: EEDC Decries Disruption of Its Operations by Enugu Govt Agency
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    Indebtedness: EEDC Decries Disruption of Its Operations by Enugu Govt Agency

    The Enugu Electricity Distribution Company (EEDC) has decried disruption of its operations by an Enugu State Government agency after it announced a massive disconnection of heavily indebted state governments offices in the South-East.

    This is contained in a statement issued on Tuesday by the EEDC Head of Corporate Communication, Mr Emeka Ezeh, in Enugu.

    Ezeh noted that on arriving for work this morning, the entire staff were surprised to meet the EEDC Corporate Head Office sealed by the Enugu Capital Territory Development Authority (ECTDA).

    According to him, this development is strange because there was no notice of any sort by the agency to our organisation.

    “We were informed by the security men on duty that in the early hours of Tuesday at about 1:53a.m., a group of men came and locked up the gates, claiming that the state government directed the action.

    “Our Abakpa, Awkunanaw, and Ogui District offices were not spared as their gates were equally sealed and locked. As at now, there has not been any clear information/communication from ECTDA explaining their action.

    “We, however, suspect that this action might not be unconnected to the notice of disconnection published by EEDC informing indebted customers of intention to commence disconnection today, Tuesday, June 11, 2024,” he said.

    The EEDC spokesman said that the Enugu State Government happened to be one of the indebted customers with over N1 Billion owed to EEDC. It is important to state that majority of the state government’s facilities are metered, so, it is not a case of estimated billing.

    “EEDC has about N180 Billion as debt owed the company in the entire South-East and has concluded plans to commence disconnection of indebted customers,” he said. Investors on NGX Lose N93bn

    Banks CBN Central Bank of Nigeria FGN Investors Naira NGX Nigeria
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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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