SETTING THE RECORDS STRAIGHT ON CITIZEN ASAR MICHAEL SESUGH'S DEATH. (PHOTO).#PRESS RELEASE.

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 Setting the Records Straight on  Citizen Asar Michael Sesugh's  Death The Economic and Financial Crimes Commission,  EFCC,  considered it imperative to clear the air on some recent incidents at its Makurdi Zonal Directorate,  Benue State.   Operatives of the Directorate arrested 26 suspected cyber fraudsters on April 28,  2026.  They were profiled and kept in custody for further investigations after obtaining a Remand Order at a Magistrate Court.  Shortly after their arrest,  specifically on May 4,  2026,  three of the suspects sought permission to use the lavatory at the Directorate's  Holding Facility and were permitted.   They cashed in on the opportunity,  broke the toilet's roof and escaped from detention.  Several efforts were made to re- arrest them to no avail. However,  fresh intelligence came on Thursday,  May 21,  2026 that one of the escaped suspects,   As...
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NIGERIA'S METERING GAP AT 50% AS DISCOS' MONTHLY REVENUE REACHES N160BN-NERC. (PHOTO).

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 Nigeria's Metering Gap at 50% as DisCos' Monthly Revenue Reaches N160bn – NERC


Nigeria's metering gap remains at 50%, according to Yusuf Ali, Commissioner for Planning, Research, and Strategy at the National Electricity Regulatory Commission (NERC).


This update comes as the monthly revenue of electricity distribution companies (DisCos) reached a significant N160 billion in July 2024.


Ali, speaking at the PWC Annual Power and Utilities Roundtable in Lagos, acknowledged that the metering deficit, which existed at the time of privatization, continues to persist despite efforts to address it. Since 2013, over 3.03 million meters have been installed through various initiatives, including the Credit Advance Payment for Metering Implementation (CAPMI), the National Mass Metering Programme (NMMP), and the Meter Asset Provider (MAP) scheme.


He emphasized that poor customer enumeration across DisCos further exacerbates the metering issue, noting that effective metering is crucial for revenue recovery. Without proper metering, the success of tariff reforms would be compromised.


On the issue of DisCos' revenue, Ali highlighted a significant increase from N31 billion in July 2017 to N160 billion in July 2024. He also pointed to the positive impact of payment discipline initiatives launched in 2020, which have led to higher remittances to upstream players, such as generation companies (GENCOs).

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