- Fifty per cent of power generated in Nigeria is said to be stolen by consumers across the country
- The disclosure was made by the managing director of the Benin Electricity Distribution Company, Funke Osibodu
- According to Osibodu, the act is being carried out through illegal connections and bypassing of meters by customers, especially in BEDC franchise areas
The managing director of the Benin Electricity Distribution Company (BEDC), Funke Osibodu, has alleged that 50 per cent of power generated in Nigeria is stolen by consumers across the country.
Osibodu, who made the allegation during an interactive session with newsmen in Benin on Sunday, May 26, said that the act was being carried out through illegal connections and bypassing of meters by customers, especially in BEDC franchise areas, NAN reports.
Legit.ng gathers that Osibodu said that the rising rate of electricity theft in the country had resulted in huge financial losses in the power sector.
She said: “Electricity theft and vandalism of our electrical infrastructure continues to be a major menace and set back which needs urgent intervention in order to sustain the power sector across the country.
“ln Edo alone, about 39 transformers have been vandalised in the last four months and so many customers bypass their meters.
“We have reported the upsurge to the security agencies for investigation. It is important that customers and communities continue to to watch over these assets as such vandals end up throwing all parties in the area into darkness."
Osibodu called on all state houses of assembly in the country to domesticate the federal law criminalising electricity theft to reduce the upsurge.
She said: “There is a substituting federal law that has criminalised electricity theft with up to 21 years imprisonment for vandalism and electricity theft.
“In line with the anti-corruption war, various states are now passing their own electricity theft law which is not unique to BEDC areas. There is federal law already that needs to be domesticated.
“We are aware that Ekiti has activated the act in the state while Edo State House of Assembly passed the electricity theft law last week, prescribing two years jail term for offenders."
According to her, the bill, when signed into law, will go a long way in reducing the menace of electricity theft and vandalism in the power sector.
The managing director also disclosed that BEDC had signed a Memorandum of Understanding (MOU) with five meter asset providers to address metering problems in its franchise states of Edo, Delta, Ekiti and Ondo.
She explained that the five parties were approved by the Nigerian Electricity Regulatory Commission (NERC) to improve accuracy in billing and ensure prompt response to faults.
Osibodu listed the parties approved as G.Unit Engineering Limited, Sabrud Consortium Nigeria Limited, lnlaks Power Solution Limited, FLT Energy System Limited and Turbo Energy Limited.
Meanwhile, Legit.ng previously reported that the minister of power, works and housing, Babatunde Fashola, stated that “almost 24 hours” of
Fashola, who made the claim on on Wednesday, March 27, said that the increase in transmission capacity was responsible for the increase in electricity supply.
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