Tag: Refund

‘Withheld’ TSA Funds:Reps Panel Orders Remita To Refund N182bn

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‘Withheld’ TSA Funds:Reps Panel Orders Remita To Refund N182bn

The public accounts committee of house of representatives has directed Remita, a financial technology firm, to refund a total of N182.77 billion allegedly withheld from the treasury single account (TSA) since 2015 to the federal government. The committee gave the directive on Wednesday during a meeting in Abuja. The directive followed a submission of an…

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Finance and Economy, Trade and Commerce

NERC Gives DisCos Deadline To Refund Over billed Customers

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NERC Gives DisCos Deadline To Refund Over billed Customers

The Nigerian Electricity Regulatory Commission (NERC) has directed all electricity distribution companies (DisCos) to refund customers wrongly billed with the new rate. Abba Terab, NERC deputy general manager in charge of market competition and rates, disclosed this in a statement on Saturday. According to NERC, customers should be refunded through energy tokens no later than…

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Power and Energy