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.
For cash pooling settlement, CBN clarifies education and gasoline tax.
Central Bank of Nigeria has provided additional clarifications on the circular concerning the cash pooling of repatriated oil and gas...
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