The Bureau of Public Enterprises is not opposed to the planned forensic
audit of the power companies in Nigeria by the Federal Government and
therefore, not part of the decision by the eleven (11) power
Distribution Companies (Discos) to seek court redress to retrain the
Nigerian Electricity Regulatory Commission (NERC) from interfering in
their (Discos)’s corporate activities, Director General of the Bureau,
Mr. Alex A. Okoh has said.
In a statement personally signed by the Director General and copied the
Executive Chairman of NERC on Friday, May 29, 2020, Okoh said ” BPE was
not consulted and was not part of this action”.
The Statement reads in part: “For the avoidance of doubt, the Bureau
wishes to inform NERC that there was never a time when the Boards of the
Discos neither discussed any of these matters nor decided to oppose the
forensic audit or any of such matter.
“Please, note that the Bureau was not consulted and is not part of this
action; and therefore is not opposed to the forensic audit being planned
by the Federal Government”.
It would be recalled that the eleven (11) Discos have gone to court to
restraint the NERC from interfering in their corporate activities as
well as restrain the Transmission Company of Nigeria (TCN) and the
National Economic Council (NEC) from what they described as undue
interferences in the activities.
In addition, the Discos are seeking to restraint NERC from sending
forensic auditors to their respective companies.