Close Menu
    What's Hot

    Oil Prices Fall 9% in 5 Days as US-Iran Tensions Ease

    May 30, 2026

    BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst

    May 30, 2026

    XRP Gains 2% on Institutional Demand, Altcoin Rotation

    May 30, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, May 30
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketNews » Indebtedness: EEDC Decries Disruption of Its Operations by Enugu Govt Agency
    MarketNews

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

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJune 12, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Indebtedness: EEDC Decries Disruption of Its Operations by Enugu Govt Agency
    Share
    Facebook Twitter Pinterest Email Copy Link

    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
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    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.

    Related Posts

    News

    Oil Prices Fall 9% in 5 Days as US-Iran Tensions Ease

    May 30, 2026
    News

    BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst

    May 30, 2026
    News

    XRP Gains 2% on Institutional Demand, Altcoin Rotation

    May 30, 2026
    News

    Naira Climbs as Nigeria’s Foreign Reserves Cross $49bn

    May 30, 2026
    News

    Central Bank Floats N600bn OMO Bills, Raises N1.9trn

    May 30, 2026
    News

    Cooking Gas Price Continues to Increase- NBS

    May 30, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Oil Prices Fall 9% in 5 Days as US-Iran Tensions Ease

    May 30, 2026

    BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst

    May 30, 2026

    XRP Gains 2% on Institutional Demand, Altcoin Rotation

    May 30, 2026

    Naira Climbs as Nigeria’s Foreign Reserves Cross $49bn

    May 30, 2026
    Latest Posts

    Oil Prices Fall 9% in 5 Days as US-Iran Tensions Ease

    May 30, 2026

    BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst

    May 30, 2026

    XRP Gains 2% on Institutional Demand, Altcoin Rotation

    May 30, 2026

    Naira Climbs as Nigeria’s Foreign Reserves Cross $49bn

    May 30, 2026

    Central Bank Floats N600bn OMO Bills, Raises N1.9trn

    May 30, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Oil Prices Fall 9% in 5 Days as US-Iran Tensions Ease

    May 30, 2026

    BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst

    May 30, 2026

    XRP Gains 2% on Institutional Demand, Altcoin Rotation

    May 30, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.