N248m Debt: KEDCO Cuts Power Supply to Dangote Varsity
The Kano Electricity Distribution Company (KEDCO) has disconnected power supply to Aliko Dangote University, Wudil, over outstanding debt of N248 million.
The Managing Director, KEDCO, Alhaji Abubakar Yusuf, said this in a telephone interview on Monday that the company had no choice but to take the action.
He said that the institution only made payment of N20 million, out of the outstanding N248 million.
Yusuf vowed that power supply would only be restored if the management made “appreciable payment’.
He further explained that KEDCO was spending heavily to purchase power from the Transmission Company of Nigeria (TCN), hence the need to redouble efforts toward revenue generation.
“I urge all institutions, including federal and state entities, as well as agencies, to settle their outstanding debts.
“We have measures in place to ensure collection of monies owed is,” Yusuf said. NRC Generated N1.42b From Passengers in Q1 2024, says NBS
