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PHCN Owed N16bn Debts – MD

PHCN Owed N16bn Debts – MD

Managing Director of the Power Holding Company of Nigeria (PHCN) Alhaji Idris Mohammed says the company is being owed N16 billion by the Nigerian public in spite the company’s effort to ensure regular and effective cash collections.

The managing director said at a Customer Consultative Council (CCC) meeting in Kaduna yesterday that the debt profile is precarious to the company’s survival because customers are not paying their bills.

“If we are not able to cover this outstanding debt, the company will be in serious disarray because we will not be able to meet the demands of our customers; and I want to urge customers to pay their electricity bills so that the company can continue to ensure good service delivery,” he said.

Cases of vandalism of PHCN installations and equipment, according to him, are on the increase across the country, saying the ugly incident continued to affect the negatively on service delivery capabilities and the socio-economic life of the people.

He therefore urged customers to always report problems associated with power supply including bills and bill distribution, adding that before the end of the year, the company intends to create an additional business units to achieve more mileage and customer satisfaction.

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