By Yunus Yusuf
Lagos – The Ibadan Electricity Distribution Company (IBEDC) says it has commenced a major “Revenue Protection Campaign”, with a crack team of over 60 executives and officers to curb aggregate, technical and commercial losses.
The Chief Operating Officer, Mr John Ayodele, made the disclosure in a statement after inaugurating the team in Ibadan.
He said lack of efficient revenue protection measures had been a major challenge as it deals with illegal consumption of power, prepaid meter bypass, under billing, wrong tariff classification of customers and energy theft.
“IBEDC discovered that energy theft and meter tampering accounts for about 60 per cent of revenue losses across its franchise, between January and October and the company has dealt with about 1,333 cases of meter bypass.
“The establishment of the IBEDC PPM team is another initiative taken by the company to curb revenue leakages,” he said in the statement made acvailable to the News Agency of Nigeria (NAN).
Also, Ayodele while receiving the management of the National Environmental Standards and Regulations Enforcement Agency (NESREA), said that “the losses and financial challenges in the sector were worsened by multiple taxation and huge debt by government agencies and parastatals”.