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Companies Owned By Dangote And Stanley Jegede Allegedly Refused To Remit N27b To - Business - Nairaland

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Companies Owned By Dangote And Stanley Jegede Allegedly Refused To Remit N27b To by willscopan: 12:26pm On Dec 09, 2019

With the incessant lack of stable and sustainable power supply, improved infrastructure and dwindling operational performance in the Nigerian power sector, a memo obtained by this online news medium shows that various scandalous actions carried out by Companies such as Alheri Engineering company and Phase 3 Telecommunications through unpaid debts from award of contracts has proven to be one of the major reasons behind the decline in the productivity of the Transmission Company of Nigeria (TCN).

The Transmission Company of Nigeria (TCN), which emerged from the defunct National Electric Power Authority (NEPA) following the unbundling of Power Holding Company of Nigeria (PHCN) with the 2005 Electric Power Sector Reform Act and operated a national grid that consists of eight thousand, three hundred and thirty-three Kilometers (8,336Km) of three hundred and thirty Kilovolts (330Kv) transmission lines and eighth hundred and seventy-one Kilometers (8,071Km) of one hundred and thirty-two Kilovolts (132KV) transmission lines in addition to 330/132/33KV substations, conveys electricity from power stations where electricity is produced to distribution companies which is subsequently distributed to households, businesses, and industries across the country.

These transmission routes are

Read more at: https://secretsreporter.com/how-companies-owned-by-dangote-and-stanley-jegede-allegedly-refused-to-remit-n27b-outstanding-fee-after-fiber-network-concession-agreement-with-tcn/


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