Benin Republic,Togo Own Nigeria $8.84 million
Benin Republic and Togo are owning Nigeria $8.84 million for the electricity consumed in the fourth quarter of 2024.
The International companies are paras-sbee in the Benin Republic ($2.65m); Paras-ceet also in Benin ($1.64m); transcorp-sbee (Ughelli) in Benin paid $1.71m out of $3.59m; transcorp-sbee (AFAM 3) paid $0.90m out of its $1.2m invoice; Odukpani-ceet in Togo owes $2.37m.
The Nigerian electricity regulatory commission disclosed this in the 2024 quarter four report by the market operator.
The NERC’s report showed that only mainstream-nigelec cleared the entire $2.60 million invoice issued to the company by the market operator.
