Court stops Eko disco from operating parallel accounts
A Federal Court in Lagos on Tuesday restrained the Eko Electricity Distribution Company (EKEDC) from operating a parallel account under the Credit Advance Payment Meters Implementation (CAPMI) agreement with Moman System Nigeria Limited. Justice Mohammed Yunus gave the order in a ruling on an ex-parte application filed by Momas System Nigeria Limited against the […]
A Federal Court in Lagos on Tuesday restrained the Eko Electricity Distribution Company (EKEDC) from operating a parallel account under the Credit Advance Payment Meters Implementation (CAPMI) agreement with Moman System Nigeria Limited.
Justice Mohammed Yunus gave the order in a ruling on an ex-parte application filed by Momas System Nigeria Limited against the power company’s operation of a parallel account under the CAPMI meter installation scheme with Ecobank.
The order which was executed through exparte motion stopped EKEDC from operating a meter account number 2562128948 which was domiciled with Ecobank pending the hearing and determination of the motion on notice.
Justice Yunus directed the Eko Distribution Company to direct all its electricity customers in the area exclusively assigned to MOMAS to pay fees for the supply and installation of meters into the Escrow CAPMI bank account controlled jointly by EKEDC and MOMAS .
MOMAS maintained a joint account with EKO Disco as signatories pursuant to Credit Advance Payment (CAPMI) scheme.
MOMAS said that the power company was contracted to supply and install various meter to six business units under EKO Disco which comprises of Ijora, Lekki, Island, Apapa, Festac and Surulere under the CAPMI schemes.
MOMAS said contrary to their agreement the distribution company operates another parallel account without informing MOMAS who is always a signatory to the joint meter account with EKO Disco.