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NERC suspends Ibadan DisCo directors over N6 billion loan

The Nigerian Electricity Regulatory Commission (NERC) has suspended the board of directors of Ibadan Electricity Distribution Company (IBEDC) over a N6bn “inappropriate” loan to its core investor.

NERC fines Ibadan DisCO N50m over misuse of loan

The Commission had, vide its Order 173, directed IEDC to recover the sum of N5.7bn being the balance of the inappropriate loan of N6bn granted by the utility to IEDMG, the core investor in Ibadan Electricity Distribution Company plc.

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Ngozi Elechi leaves Warri Wolves on mutual agreement

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