The new management of the Benin Electricity Distribution Company, Plc (BEDC) has raised alarm over the missing meters provided by the federal government under the National Mass Metering Programme (NMMP) to the company.
The new management had taken over the company on September 19, over the inability of the former management to pay up a Fidelity Bank loan.
The current Managing Director and CEO, Dr Henry Ajagbawa, raised the alarm while addressing reporters on his achievements during his first 100 days in office, in Benin, on Thursday.
Mr Ajagbawa said “we cannot account for the free meters obtained from the Federal Government under NMMP.
“Everything about the NMMP meters sent to BEDC is shrouded in secrecy. As the head of the new management team, I have ordered for forensic audit to look into it.
“That will guide our next line of action,” he said.
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Mr Ajagbawa also disclosed that 10 staff had been sacked over various infractions committed against the company and two others were on the run and have been declared wanted by the police.
He stated that his management had embarked on corporate restructuring, process re-engineering and financial restructuring to get the company running properly.
“One of the inhibitors to performance in the organization was the level of infrastructural decay and lack of work tools.
“This has resulted to suboptimal performance in the company over the years. A fleet of over 130 vehicles were abandoned in a state of disrepair and disuse.
“The new management has revamped over 80 vehicles to service the operation of the company,” he added
