NERC dissolves Kaduna Disco board over N456bn market debt
The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc (KAEDC) over the company’s N456.5bn cumulative market obligations and prolonged financial and operational challenges. The regulator also appointed an interim board of special directors and directed the commencement of a transparent process for the selection of a new core investor…
We haven't written up this one. Daily Post Nigeria has the full story — the link below goes straight to it.
