Eko Electricity Distribution Company Plc (EKEDC) said it would pay extend financial rewards to anyone who reported energy theft by unscrupulous elements.
It promised to reward such persons with 20 per cent of the total money recovered from such theft.
Its Chief Executive Officer, Oladele Amoda, made the promise against the backdrop of over N1 billion lost yearly to energy theft and premeditated vandalism of infrastructure in the zone.
Speaking at a stakeholders’ forum organised by the firm for residents of Festac Town in Lagos, he said it costs the company about N1billion in the last three years to replace vandalised equipment and damaged meters by customers in a bid to bypass the meters.
Represented by the firm’s Chief Operating Officer, Mr Sam Nwaire, he said a task force has been set up to inspect houses of consumers and impose a penalty of N1million on anyone caught in energy theft. He said the company would, henceforth, commence effective prosecution of energy theft suspects and also publish their names in the national dailies.
“We appeal to our customers to avoid engaging in bye-passing the meters because it is criminal and punishable under Electricity Regulation Code of Conduct Act.
“l will advise customers to exercise patience with EKEDC as we promise to address all the issues as regards estimated billing and other challenges,’’ he said.
On pre-paid meters, Amoda said the company has started installation of over 4,000 pre-paid meters to residents of Festac and its environs, adding that the first batch of 1,000 had been installed.
He said the company would ensure that 4,000 pre-paid meters are installed before the end of the year, while appealing to residents to ensure prompt payment of their bills.