Nigeria: Suspension of AEDC MGT Raises Dust As CBN Withholds Funds

8 December 2021

The Minister of State for Power, Goddy Jedy-Agba, on Tuesday, announced the suspension of the management of the Abuja Electricity Distribution Company (AEDC) while constituting an interim governing council.

This is raising more issues in the DisCo's investors crisis as the Central Bank of Nigeria (CBN) is holding onto funds meant to clear the staff welfare issues, which had caused a strike on Monday.

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