- Speaker Femi Gbajabiamila says the estimated billing system operated by the electricity distribution companies in Nigeria is the biggest fraud exer
- Gbajabiamila laments that there is no other country in the world where citizens are fleeced in such a manner
- The speaker notes that the distribution companies reneged in their promises to provide prepaid metres for their customers
Femi Gbajabiamila, speaker of Nigeria's House of Representatives, on Thursday, October 3, exposed the alleged fraud in the financial dealings of the various electricity distribution companies in the country.
According to Gbajabiamila, Nigeria is the only country in the entire world where power distribution companies operate estimated billing systems with their customers.
Noting that this was shameful, Gbajabiamila described the estimated billing system as the biggest fraud in the history of Nigeria.
The Nation said the speaker, spoke when he led the debate of the 'committee of the whole' on a bill to amend the electricity power sector reform act 2005 to prohibit and criminalise estimated billing by electricity distribution companies as well as provide for compulsory installation of pre-paid meters to consumers.
The speaker, who noted that the bill was first introduced in the eighth Assembly and passed, however, said it was not assented to make it a law.
The speaker argued that the estimated billing system is not supported by any scientific or arithmetic calculation, but that it comes based on whatever decisions of the distribution companies.
"When they undertake to embark on the exercise, you agreed to provide metres. But today, the story is different and Nigerians are suffering from the inefficiency of these distribution companies," he lamented.
Legit.ng earlier reported how Gbajabiamila recently said the running of the House would no longer be business as usual, as he pledged to introduce drastic reforms.
Gbajabiamila who was elected speaker on Tuesday, June 11, said in his inaugural speech that he would introduce his planned reforms in piecemeal.
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