The Ibadan Electricity Distribution Company (IBEDC) has decried the monthly loss of over N130 million revenue due to use of “illicit meters” by some electricity consumers.
Mr Oluwatoyin Akinyosoye, IBEDC Regional Manager for Osun, condemned the practice at a stakeholders’ town hall meeting on Wednesday in Osogbo.
Akinyosoye said that the town hall meeting was organised to draw attention of the consuming public to those who engage in the sabotage of its operations.
According to him, in Osun there are 15,000 illicit meters causing the company an average revenue loss of N130 million on monthly basis.
”To us as a company, this is huge loss in our revenue because this illicit meters consume energy on our network, but the revenue is not coming to us.
“If we can curb the use of these illicit meters, then we can take the revenue back to the company, improve on our network and embark on other metering interventions…
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