• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

‘It’s CBN’s fault’ Abuja, five other states in darkness as Labour strikes

Freelanews by Freelanews
December 7, 2021
in General
0 0
0
pexels photo 695644 676x450 1
thenacre-campaign

The Federal Capital Territory (FCT), Nasarawa, Kogi, parts of Edo, Niger and Kaduna states have been thrown into darkness the following industrial action embarked upon by electricity workers.

The areas are mainly under the Abuja Electricity Distribution Company (AEDC) Plc, where impact of account escrowing and leadership crisis allegedly impinge on workers’ welfare and optimal operations.

While the office was practically deserted in the early hour of yesterday, the Transmission Company of Nigeria (TCN) said the bulk power for the distribution company (DisCo) could not be delivered, as energy evacuation from injection substations across AEDC franchise area had been disrupted.

The Deputy National President, Nigeria Labour Congress and Secretary General of National Union of Electricity Employees (NUEE), Joe Ajero, did not take his phone calls, but it was gathered that the strike was necessitated by pension-related issues, liabilities and non-release of intervention fund by the Central Bank of Nigeria (CBN) among others.

While workers were denied entrance, it was learnt that the intervention of the Minister of Power, Abubakar Aliyu, would provide a temporary solution.

Perfect-Aesthetic-social-1

Privatised in 2013, the power sector, aside from failing to perform, has been in financial crisis, requiring perpetual intervention funds from the Federal Government.

Last year, the apex bank directed Deposit Money Banks (DMBs) to take charge of the collection of electricity bills. A circular issued by the Director of Banking Supervision, Hassan Bello, had linked the move to the recommendation of the Power Sector Coordination Working Group to improve payment discipline in the Nigerian Electricity Supply Industry (NESI).

The DisCos have been responsible for the sector’s revenue collection. While there was clamour for tariff increase, the industry’s inability to improve on the collection and reduce losses – a basic part of DisCos Key Performance Indicators and the inability to make remittance to the Bulk Electricity Trading Company – almost grounded the call.

Before and after the account escrow, CBN has launched series of interventions in the power sector, but there are indications that existing ownership crisis in the utility company has been affecting it.

KANN Utility Company Limited, a reportedly core investor and CEC Africa (CECA) of Zambia, which reportedly paid $81 million cash (as equity), as well as raised another $123 million loan to acquire AEDC, have been at loggerheads over the ownership of the company.

Odun Ifa 2026
ADVERTISEMENT

The Organised Labour had unofficially said it was not against the escrowing of the account of the 11 DisCos, but noted that money approved by the government for power improvement had not been released to the firm.

adron lemon friday

AEDC’s General Manager, Corporate Communications, Bode Fadipe, said the industrial disharmony has disrupted “power supply to some of our areas of operations, especially those on the 11KV network.”

He added: “We would like to assure all our customers that all hands are on deck to resolve the issues that prompted this action. We would also like to apologise to our customers for the inconvenience and disruption.”

freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Also read

  • Sowore leads Abuja protest, demands Tinubu’s exit
  • CCTV shows armed gunmen robbing Awka POS operators at Aroma Junction in a Sunday daylight raid

Related Posts

Yahaya Bello
General

EFCC denies media trial of Yahaya Bello, stands by chairman’s actions

by Oreoluwa Ojelabi
April 26, 2024
Lagos State House of Assembly 1200x800 1
General

BREAKING: ‘Sworn in!’ Abdullahi Dambaba becomes Senate Deputy minority whip

by Freelanews
July 15, 2021
Zack Orji
General

Zack Orji under fire for supporting Tinubu at Abuja rally

by David Okere
June 8, 2026
Gunmen Bandits
General

‘Released!’ Bandits let go of 70 abducted women in Zamfara

by Freelanews
July 20, 2021
Falz EndSARS e1634722053322
General

‘#ENDSARS Memorial’ Artistes, Falz, Chike, Mr Macaroni others storm Lekki tollgate

by Freelanews
October 20, 2021

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Kanayo

Kanayo, Alajemba revive fierce debate over Nollywood’s roots

October 6, 2026
MAX

MAX expands EV network with 6,000 vehicles

October 6, 2026
Ireland-Israel

UEFA investigates Ireland-Israel tunnel bust-up

October 6, 2026
PZ Cussons

PZ Cussons records 39% growth in organic profit

October 6, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Kanayo

Kanayo, Alajemba revive fierce debate over Nollywood’s roots

October 6, 2026
MAX

MAX expands EV network with 6,000 vehicles

October 6, 2026
Ireland-Israel

UEFA investigates Ireland-Israel tunnel bust-up

October 6, 2026
PZ Cussons

PZ Cussons records 39% growth in organic profit

October 6, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Awka

    CCTV shows armed gunmen robbing Awka POS operators at Aroma Junction in a Sunday daylight raid

    0 shares
    Share 0 Tweet 0
  • 17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Yinka Babalola convenes all Nigeria Rotary peace submit in Lagos

    0 shares
    Share 0 Tweet 0
  • Twin doctors die two days apart in Yobe after sickle cell battle

    0 shares
    Share 0 Tweet 0

Just Published!

Kanayo

Kanayo, Alajemba revive fierce debate over Nollywood’s roots

October 6, 2026
MAX

MAX expands EV network with 6,000 vehicles

October 6, 2026
Ireland-Israel

UEFA investigates Ireland-Israel tunnel bust-up

October 6, 2026
PZ Cussons

PZ Cussons records 39% growth in organic profit

October 6, 2026
Carlos Alcaraz

Carlos Alcaraz ends injury comeback with Japan open triumph

October 6, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.