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IBEDC faults NERC’s suspension of its board over N6bn loan

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IBEDC faults NERC’s suspension of its board over N6bn loan

21 June 2018, Sweetcrude, Lagos — The Ibadan Electricity Distribution Company, IBEDC, has responded to the Nigerian Electricity Regulatory Commission, NERC’s, suspension of its board and management for failure to recover about N6 billion loan to Integrated Energy Distribution and Marketing Group (IEDMG) Ltd, the company’s core investor. The loan was allegedly transferred to IEDMG …

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IBEDC faults NERC’s suspension of its board over N6bn loan IBEDC faults NERC’s suspension of its board over N6bn loan Reviewed by Crude Oil Brokers on 17:59 Rating: 5

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