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INVESTIGATION: After acquiring $1.3bn DisCos, investors leave meter, transformer burdens to consumers

Six years ago, the Federal Government unbundled the Power Holding Company of Nigeria (PHCN) and handed over 18 utility firms to private investors. The government raked in $2.5 billion (about N916.575bn) from the transaction involving six Generation Companies (GenCos) and 11 Distribution Companies (Discos). The private investors collected their share…