N670 million withdrawn illegally as Kano DISCO accused of money laundering as BPE sale gets messier

by Godwin Akanfe It appears there has been some money laundering attempt at the Kano Electricity Distribution Company, KEDCO, managed by Sahelian Energy. Last month the Nigeria Electricity Regulatory Commission probed Sahelian Energy for purportedly diverting N670 million of the company’s money to the Fidelity bank account of their sister firm Northwest Power. Incar Power, a... Read More