The Management of Benin Electricity Distribution Company (BEDC Electricity Plc.), has said that the management and board of the power firm are intact and not dissolved contrary to speculations in the public domain.
This disclosure is contained in a statement signed by the management of BEDC and made available to newsmen through its acting Head, Corporate Affairs, Evelyn Gbiwen, on Thursday, March 28, 2024, in Benin, Edo State.
The BEDC management, who described reports of plans by the Federal Government to take over the power firm and sack the management, assured of its commitment to the success and growth of the company.
The statement from BEDC reads
In the statement, BEDC management noted that it has increased collection of revenue from N4.9 billion as of July 2022 to over N7.6 billion as of February 2024 with significant reduction in aggregate technical, commercial and collection loss
The statement enjoined all staff to remain steadfast in their duties and should continue giving off their best efforts to drive the growth and success of BEDC Electricity Plc.