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CBN’s DisCos directive would not...

The Nigeria Union of Electricity Employees (NUEE)...

CBN’s DisCos directive would not guarantee job security – Electricity Union

The Nigeria Union of Electricity Employees (NUEE) says the Central Bank of Nigeria (CBN)’s directive authorizing banks to ring-fence collection accounts of electricity distribution companies (DisCos) in Nigeria is counterproductive. Its General Secretary, Mr. Joe Ajaero, said on Tuesday in Lagos that the directive would result in operational and overhead cost challenges. Newsmen reports that CBN on Aug. 21, had issued a circular authorising banks to ring-fence collection accounts of electricity distribution companies (DisCos) in Nigeria. The apex bank instructed that all the collections and remittances of the DisCos to both NBET...
Gift Luckson -
Business & Economy

CBN’s DisCos directive...

The Nigeria Union of Electricity Employees (NUEE) says the Central Bank of Nigeria (CBN)’s directive authorizing banks to ring-fence collection accounts of electricity distribution...
Gift Luckson -
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