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    MarketForces Africa » MarketForces News » Reps panel summons Discos, Gencos over failure to perform social responsibility
    News

    Reps panel summons Discos, Gencos over failure to perform social responsibility

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMay 23, 2024No Comments2 Mins Read
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    Reps panel summons Discos, Gencos over failure to perform social responsibility
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    Reps panel summons Discos, Gencos over failure to perform social responsibility

    The House of Representatives Committee on Corporate Social Responsibility, (CSR) has summoned Electricity Distribution Companies (DISCOs) and the Generation Companies (GENCOs) over failure to perform their corporate social responsibility in host communities.

    The committee expressed displeasure over the failure of the Chief Executives officers of DISCOs and GENCOs to honour its invitations.

    Rep. Obiageli Orogbu said this in Abuja while investigating five-year compliance of the DISCOs to corporate social responsibility requirements in their host communities

    The lawmaker lashed at DISCOs for sending junior managers to represent them without a written authorisation in favour of most of them, adding that it was disrespectful for GENCOs not to send representatives.

    She also frowned at their failure to submit their five-year audited accounts and detailed information on the corporate social responsibility activities carried out within their host communities.

    She ordered the clerk of the committee, Mr Emmanuel Chukwu to send another summons to the DiSCOs and GENCOs to appear at a date in June .

    She stated that failure to  honour the invitation of the committee, would compel the committee to take appropriate measures to force them to appear before it.

    Orogbu emphasised that the meeting was an interactive session intended to confirm how the DISCOs and GENCO had fair relating with their host communities regarding corporate social responsibility.

    She stated that the committee had the mandate of the leadership of the House of Reps to undertake the assignment and as such would expect maximum and diligent cooperation from the electricity companies. #Reps panel summons Discos, Gencos over failure to perform social responsibility

    AfDB Invests $1.44bn to Support Capital Projects in Nigeria

    DISCOS GENCOS House of Reps
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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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