PHED Debunks Claims

A recent publication by The Daily Trust on the 22nd of May, 2018 has caused Port Harcourt Electric Distribution Company (PHED) to defend itself and deny claims made by the newspaper (both online and offline).

The attention of PHED was specifically drawn to the 3rd paragraph where the publication stated inter alia that the three DisCos without any remittance, according to their data, are Kaduna DisCo with a N3.30bn invoice; Port Harcourt DisCo with N3.75bn; and Yola DisCo with N1.63bn.

In a press release, the Manager, corporate communications (PHED)- Mr. John Onyi stated that, “Ordinarily, PHED would not have reacted to the unfounded publication as published by the Newspaper but in order not to send a wrong signal to the reading public and indeed our stakeholders, it is better to set the record straight because it is our belief that facts are sacrosanct.”

For the avoidance of doubt, a duly signed mandate for an INSTANT TRANSFER was shown as evidence. He stated that “the INSTANT TRANSFER mandate which was for February 2018 invoicing was presented to our bankers on 27th April 2018 prior to the stipulated deadline for the payment.  It was acknowledged immediately as always the case for such instruction.”

He encouraged prestigious media houses to verify their stories from all parties before publication. He said it was important to note that information on the power sector has far-reaching effects on the value chain and a wrong piece of publication could infer negative perceptions.

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