How Nigerian Electricity Regulatory Officials Share Billions as Perks To The Detriment of Nigerians With Increase Tariffs
Premium Times report shows how Nigeria’s regulatory agency’s staff share billions as perks while Nigerians are burdened with increased electricity tariff that has left many consumers unable to pay. Nigerians have always raised doubts about the neutrality of NERC, but the report by Premium Times exposes a high level of compromise by the officials of NERC. The report is reproduced below At a time many Nigerians are grumbling about the increase in electricity tariff, commissioners and members of the board of the Nigerian Electricity Regulatory Commission (NERC), have illegally paid themselves billions as salaries, severance entitlements and to purchase exotic cars, which were allegedly registered in their names, PREMIUM TIMES has learnt. The decisions of the commissioners are in clear violations of the extant regulations such as the Procurement Act 2007 and the Electric Power Sector Reform Act 2005. PREMIUM TIMES is in possession of a petition sent to the Economic and Financial Crim...