FG orders forensic audit of DisCos

The National Economic Council yesterday ordered a forensic audit of the operations of the electricity distribution companies (DisCos). It approved two months extension for Kaduna State Governor Nasir El-Rufai-led ad-hoc committee on the review of the ownership structure of DisCos.

Edo State Deputy Governor Philip Shaibu told State House reporters that this was to allow the committee carry out forensic audit of all bank accounts of DisCos. “One of those issues was the issue of forensic and to ascertain the level of investment by DisCos. You all know that the issue of privatization is still questionable. But nonetheless, the federal government and governors feel we should not lament, what we should do is to look for solution.

Governor Dave Umahi of Ebonyi State, while reacting to a question that sought to know whether the governors were in support of the reversal on Public Private Partnership arrangement on electricity investment over poor performance of the DisCos, said: “Of course, nobody is happy with the DisCos performance and we have a committee chaired by the governor of Kaduna state and they have done very beautiful job.

Read more: https://www.dailytrust.com.ng/fg-orders-forensic-audit-of-discos.html