The House Of representatives has called on the Nigerian Electricity Regulatory Commission (NERC) to provide a comprehensive assessment of the performance of the DisCos in metering customers and eliminating estimated billing.
The resolution was passed sequel to the adoption of a motion sponsored by Hon. Uchenna Okonkwo, who underscored the need for all the Institutions to take account of their stewardship on the utilisation of public funds.
To this end, the House mandated the joint Committees on Power, Banking Regulations, Rural Electrification Agency, Housing and Habitat to investigate the disbursement and use of funds under the NMMP by the CBN, and to ascertain the level of compliance with the terms and conditions of the loans.
The House also mandated the joint Committees on Banking Regulations and Power to investigate: cases of discrepancies, mismanagement. and non-compliance with the terms and conditions of the loans disbursed under the National Mass Metering Program; and the level of oversight, monitoring and evaluation of the use of funds disbursed under the National Mass Metering Program by the Central Bank of Nigeria, and to recommend measures to enhance transparency, accountability, and performance in the National Mass Metering Program and report back within four weeks.
