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xanifinance.com > Blog > News > Tinubu’s presidential villa, 85 other MDAs owe AEDC N47,195bn
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Tinubu’s presidential villa, 85 other MDAs owe AEDC N47,195bn

Last updated: 2024/02/19 at 1:11 PM
Published 19 February 2024
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President Bola Tinubu’s Presidential villa and 85 other ministries, departments and agencies under the federal and state governments owe the Abuja Electricity Distribution Company AEDC N47,195 billion in outstanding debts as of December 2023.

The AEDC disclosed this in a Monday disconnection notice published in a national daily.

The AEDC listed the Chief of Defence Staff, Barracks and Military formations, the Federal Capital Territory Authority and the Ministry of Finance as its top debtors in the period under review.

Others are the Ministry of Power, Ministry of State Petroleum, Central Bank Governor, the Independence National Electoral Commission, INEC, Nigeria Police Force, and other MDAs listed as debtors to AEDC.

According to DisCo, the indebted MDAs have been given a 10-day notice, that is, February 28, to offset their bills or face disconnection.

“The relevant MDAs are hereby given that AEDC shall, after the expiration of 10 days from the day of the publication, that is, after Wednesday, February 28, 2024, embark on disconnection of service to them until they discharge their obligation to pay us their debts”, the company stated.

The Minister of Power said barely four days ago that the government inherited N3 trillion in electricity subsidy debts.

According to him, the Nigerian government would have to discontinue electricity subsidies.

Meanwhile, DAILY POST gathered that Nigeria’s electricity supply had dropped nationwide for weeks.

Adelabu, last month, blamed gas constraints for the drop in electricity supply in parts of Nigeria.

Tinubu’s presidential villa, 85 other MDAs owe AEDC N47,195bn

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