FG To Pay N342.3 Million Aso Rock Electricity Outstanding Debt

President Bola Tinubu has ordered the prompt settlement of the N342.3 million outstanding electricity bill owed to the Abuja Electricity Distribution Company (AEDC).

The move follows the reconciliation of accounts between the State House Management and the AEDC, culminating in a revised outstanding amount significantly lower than initially claimed by the electricity distributor.

Contrary to the AEDC’s initial assertion of a N923 million debt, recent correspondence from the AEDC’s management to the State House Permanent Secretary clarified the actual outstanding sum as N342,352,217.46.

The President’s directive comes amid reports of numerous debts owed by various government entities, as highlighted by the recent ten-day notice issued by the AEDC to eighty-six Federal Ministries, Departments, and Agencies (MDAs) for the payment of a staggering N41.7 billion in outstanding dues.

READ ALSO:Aso Villa, DHQ, CBN, 83 Other MDAs To Face Disconnection Over N47bn Debt

Among the entities listed are prominent institutions such as the Presidential Villa, the Federal Ministry of Finance, the Federal Ministry of Health, the Central Bank of Nigeria (CBN) governor, and the Federal Inland Revenue Service (FIRS).

The AEDC’s decision to publicize the details of government entities with outstanding bills underscores the urgency of addressing financial obligations promptly.

More Details soon…

Bisina Somto

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Somto is an Entertainment Reporter with a passion for uncovering the latest stories in the world of entertainment. As a dedicated journalist, Somto delivers in-depth reporting, exclusive interviews, and breaking news coverage.

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