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The Discos in Nigeria Lose Their Hands

CBN Directs Banks to Take Over Electricity Bill Payment Collection from DisCos

If a business cannot even collect its revenue, does it need to still exist as an entity? Imagine delivering electricity and another firm collects the revenue. I do think Discos should be ashamed to have gone this low for the Central Bank of Nigeria to hit them like this. The CBN is right here: it has been bringing all the money and now needs to know what is happening. Game on.