NERC Dismisses Kaduna DISCO Board Over N456.5bn Debt

The Nigerian Electricity Regulatory Commission (NERC) has dismissed the board of Kaduna Electricity Distribution Plc (KAEDC) due to significant financial issues amounting to N456.5 billion. This figure includes N415.5 billion owed to the Nigerian Bulk Electricity Trading Plc and N41 billion to the Nigerian Independent System Operator, alongside N14.26 billion in non-market statutory and third-party obligations.

The NERC's action, formalized by Order No. NERC/2026/086, cites prolonged regulatory and market defaults, inadequate investment, and weak operational performance as reasons for the dismissal.

Despite receiving N6.58 billion in regulatory derogations from January 2024 to May 2026 and N53.79 billion in Federal Government support since July 2018, KAEDC has failed to present a credible recovery plan. The NERC's inquiry has raised critical questions about accountability for the losses and operational failures, as well as the potential actions of the Economic and Financial Crimes Commission (EFCC) regarding this matter.