…give Kano DisCo 30-day deadline to settle N40.7bn debt amid power sector probe
By Gloria Ikibah
The Public Accounts Committee of the House of Representatives, has directed the Jos Electricity Distribution Company (JEDC) to remit N72 billion to the federal government within 60 days. This is part of an ongoing investigation into a N2.6 trillion debt owed to the Federation Account by electricity distribution companies across the country. 
The directive was issued during a public hearing chaired by Rep. Bamidele Salam, after lawmakers reviewed the 2021 Auditor-General’s report and submissions by the Nigerian Bulk Electricity Trading (NBET) Plc on Wednesday in Abuja.
According to NBET, Jos DisCo’s indebtedness stood at N161.7 billion as of 30 September 2020. The company, however, admitted to owing N72 billion as of 30 May 2025.
The representative of NBET told the committee that the reconciled debt figure as of May 2025 was N98.7 billion, leaving a disputed balance of N26.7 billion between the two parties.
After deliberations, the committee ruled that the admitted N72 billion must be paid to the federal government within 60 days. It also directed Jos DisCo and NBET to reconcile the outstanding N26.7 billion within 21 days and present a report to the committee.
Rep. Salam stressed that the National Assembly will no longer tolerate non-compliance from power sector operators, warning that all outstanding debts must be settled promptly to protect public funds.
Meanwhile, the committee also ordered the Kano Electricity Distribution Company to pay its N40.7 billion debt within 30 days.
“This is public money, and the federal government urgently needs these funds to fulfill its responsibilities. We expect full compliance and accountability,” he said.
In a related development, the committee also instructed Kano Electricity Distribution Company to remit N40.7 billion to the federal government within 30 days, representing half of its confirmed debt of N81.5 billion.
The company’s initial indebtedness of N211.7 billion, as presented by the Nigerian Bulk Electricity Trading Plc, was reduced to ₦85.8 billion following a reconciliation exercise.
KEDCO acknowledged owing N81.5 billion, while ₦4.3 billion remains in dispute.
The committee further directed the company to provide proof of payment within the stipulated 30-day period and to resolve the outstanding N4.3 billion within 21 days.
