By Our Reporter
The New Management of the
Benin Electricity Distribution Company, PLC (BEDC) on Thursday raised alarm over the whereabout of the meters provided by the federal government under the national Mass Metering Programme (NMMP) to the company.
It would be recalled that the new management took over the company on September 19, 2022 from the former management team over thier inability to pay up a Fidelity Bank loan and poor performance of the Benin Disco.
The new Managing Director and CEO of BEDC, Dr Henry Ajagbawa raised the alarm in Benin while briefing newsmen on his achievement during his first 100 days in office
Ajagbawa said “we cannot account for the free meters obtain from the federal government under NMMP.
“Everything about the NMMP meters sent to BEDC is shrouded in secrecy. As the head of the new management team, I have ordered for forensic audit to look into it.
” That will guide our next line of action,” he said.
Ajagbawa also disclosed that about 10 staff have been sacked over various infractions committed against the company.
He stated that two staff were also on the run after being declared wanted by the police for infractions while so many others were facing disciplinary actions.
He explained that the new management had embarked on corporate restructuring, process re-engineering and financial restructuring to get the company running properly.
” One of the inhibitors to performance in the organization was the level of infrastructural decay and lack of work tools.
” This has resulted to suboptimal performance in the company over the years. A fleet of over 130 vehicles were abandoned in a state of disrepair and disuse
” The new Management has revamped over 80 vehicles to service the operation of the company,” added
Ajagbawa explained that the repair, rehabilitation of offices, substations were ongoing within very limited resources.
He added that the result of all the efforts and the effects of all the 109 new policies formulated for the effective operations of the company were yielding results.
” As today, the revenue collection loss has reduced from 55 percent to 44 percent in a space of less than 100 days.
” This loss reduction reflects the revenue collection growth from N5.5 billion in September to N6.8 billion in November, less than 100 days,”.
According to the CEO, the company was collaborating with Edo government to light up urban Edo as quickly as possible and later the rural areas.
