10 DISCOs tell Court to halts FG’s forensic audit on their operations

10 DISCOs tell Court to halts FG's forensic audit on their operations

10 Electricity distribution companies (DisCos) in Nigeria have filed a suit before a Federal High Court in Abuja, asking the court to halt a forensic audit of their operations by the Nigerian Electricity Regulatory Commission (NERC).

The DISCOs also accused the Federal Government of undue interference in their business operations.

The suit was filed at the court on May 14, 2020, by 10 DisCos, excluding Yola Distribution Company.

The applicants include Abuja, Ibadan, Eko, Ikeja, Kaduna, Kano, Jos, Benin, Enugu and Port Harcourt electricity distribution companies.

The DisCos are asking the court to halt a forensic audit of their operations by the Nigerian Electricity Regulatory Commission (NERC).

They said they are “apprehensive” that NERC would impose sanctions on them and their directors if they failed to comply with the notice of forensic audit and/or cooperate it.

READ ALSO: NASS, FG to pay 2 months electricity bills for Nigerians – DISCOs

Also listed as respondents in the suit are the National Economic Council (NEC), Attorney-General of the Federation (AGF) and Transmission Company of Nigeria (TCN).

“An order directing that the grant of leave shall operate as a stay of any further action(s) or proceedings by the respondents, their officers, employees, servants, agents, privies, related parties and any other person acting through or on behalf of the respondents, howsoever described, from, in any manner whatsoever, (i) acting in connection with the notice of forensic audit issued by the 1st respondent or such similar letter(s), notice(s) or instrument(s), and (ii) conducting a forensic audit of the applicants’ operations pending the hearing final determination of this action and/or further direction by this honourable court,” part of the court papers read.

TheCable

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