Oyo Sealed Our Offices Over N450m Debt- Ibadan Disco

Please share

The Ibadan Electricity Distribution Company(IBEDC) Plc, has faulted the closure of its offices by the Oyo state government, saying the latter’s action was borne out of its huge indebtedness.

The power firm said Oyo State Government on Wednesday commenced the sealing of our offices within the state over some suddenly contrived debts labelled revenue bills and personal income without due notification.

It described the action as retaliatory and illegal, adding that the issue of revenue bills and personal income arising now is quite suspicious.
The company in a statement signed by the Chief Operating Officer, Engr. John Ayodele said the Oyo State Government is owing IBEDC a whopping consumption outstanding of N450million for three years.

He explained that the company as part of efforts to get outstanding paid initiated several engagements through correspondences and physical meetings, but all these efforts yielded no result.

It said:“No business in this country can run successfully with such a huge outstanding, the power we distribute to customers must be accounted for and paid for, we have no choice but to disconnect the Oyo State Secretariat, so it is worrisome to see that the government has sealed off our offices with this underhand and arm twisting tactics, instead of paying the debt owed. This was not done in good faith and it would have a damaging effect on the business and service delivery to our customers .”

The company implored Governor Seyi Makinde to look into the matter in the interest of all concerned as this would further worsen the power challenges and pressure on residents and commercial activities within the state.

102530cookie-checkOyo Sealed Our Offices Over N450m Debt- Ibadan Disco

Please share

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *