The whistle blowers in the fight against power theft under the network of Eko Electricity Distribution Company (EKEDC) will get N200 million being the 20 per cent of a total of N1 billion the company said it loses to the energy theft. The power distribution firm, which gave this hint yesterday, offered to pay anyone who reports energy theft by some unscrupulous elements 20 per cent of the money recovered from such thefts.
The Chief Executive Officer of the company, Mr. Oladele Amoda, who announced this at a stakeholders’ forum with Festac Town residents in Lagos yesterday, said the measure became necessary against the backdrop of over N1 billion lost to the various forms of energy theft and vandalism in the zone.
Represented by the Chief Operating Officer, Amoda said it cost the company about N1 billion in the last three years to replace vandalised equipment and damaged meters by customers in a bid to bypass the meters. According to him, a task force has been set up to inspect houses of consumers and impose a penalty of N1 million on anyone caught in energy theft. Amoda said the company would henceforth commence effective prosecution of energy theft suspects and also publish their names in the national dailies.
“We appeal to our customers to avoid engaging in byepassing the meters because its criminal and punishable under Electricity Regulation Code of Conduct Act. “l will advise customers to exercise patience with EKEDCP as we promise to address all the issues as regards estimated billing and other challenges,”he said.
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