Dr. Gabriel Suswam, the Chairman, Senate Committee on Power has said that efforts are on to recover 216 assets from 11 electricity distribution companies, DISCOS.

He stated this while on an oversight function to the head office (annex) of the Abuja Electricity Distribution Company (AEDC) Wuse11 Abuja, in company of other members of the committee.

He however did not give details of the assets but frowned at the development, expressing happiness over the AEDC management’s admittance that the company was meant to pay rent on the government property it occupied.

“We are here today to oversee what we have been told by NELMCO (Nigeria Electricity Liability Management Company). They told us that some assets were handed over to them when the company was incorporated and we need to be sure that what they are telling us are the correct things.

“Here is the asset of the government (referring to the AEDC’s annex head office) that the privatisation was handed over to them. We want to be sure that the asset is with them more (so) that it is occupied by the Abuja Distribution Company (AEDC), which is a private company.

“We are satisfied that the building is here and the MD of Abuja Distribution Company also has accepted that this building belongs to the government and that they are tenants here in the interim until they will be able to procure it but that is if eventually they win the bid to buy the building,” he said.


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