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TCN seeks DisCo’s liquidation

The Managing Director, Transmission Company of Nigeria (TCN), Usman Gur  Mohammed on Thursday, said he has made recommendation that one of the 11 distribution companies (DisCos) be liquidated.

He told the new Minister of Power, Engr. Mamman Sale and the Minister of State, Goddy Jedy Agba, who were taking their inaugural briefings from the Ministries, Department and Agencies (MDAs) heads in Abuja that the recommendation was due to lack of performance of the DisCo.

Mohammed who did not mention the name of the power firm, insisted that the TCN has the power under its Act to make such recommendation.

He said: “Honourable Ministers, as we speak with you, we have actually recommended the liquidation of one DisCo for lack of performance.”

Responding,  Agba said he was aware of the need for an effective and efficient power sector in Nigeria that has remained an unending pain to the citizenry.

He said: “There is no reason why we cannot change this despicable and miserable narrative. This is what Nigerians expect from us as we begin this new journey. We must therefore brace to face this challenge.”

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