READ ALSO: NERC Suspends Electricity Tariff Hike For Two Weeks. Ikeja Electric (IE) has announced the suspension of all disconnection activities of non-paying customers for a period of two weeks effective April 1, … The increase was part of the reasons why labour unions threatened to hold a nationwide strike last Monday. Ikeja Electric (IE) Plc says it is targeting a total revenue of N170 billion in 2020 with the implementation of the increment in various classes of electricity tariff. The policies and procedures adopted by the Board and applicable to the Company’s businesses are documented in mandates, which also set out the roles and delegated authorities applying to the Board, Board Committees, and the Executive Management. PUBLIC NOTICE!#IEServe#NigeriaAt60 #BringingEnergyToLife pic.twitter.com/JNcVdjTNXN, — Ikeja Electric (@IkejaElectric) October 1, 2020. The bilateral power service promises customers a minimum of 20 hour-power supply and improved service in exchange for cost-reflective tariffs. At Ikeja Electric Plc, our actions and interactions with our consumers, customers, employees, government officials, suppliers, shareholders and other stakeholders reflect our values, beliefs and principles. These consist of guidelines regarding expected standards of employee behaviour and cover issues such as whistleblowing, anti-bribery, handling conflicts of interest, confidentiality and compliance with privacy laws and other regulatory requirements. Recent Posts.

The suspects: Joel Aisabor, Victor Omonzokpea, Ehis Omonzokpea and Prosper Nwaocha... Electricity consumers on Monday opposed the planned tariff increment by Ikeja Electric (IE), demanding that 90 per cent of customers should be metered before any upward review of tariff.

In addition to reflecting our focus on improving performance as an organization, it also represents our commitment to transparency, for the benefit of our key stakeholders. One of the several electricity distribution companies in the country, Ikeja Electric on Thursday announced that it has complied with the Nigerian Electricity Regulatory Commission (NERC) order to suspend the new Service Electricity Tariff for the next two weeks. This initiative, which kicked off in August 2019,…. Get the latest news and analysis of issues from Nigeria, Africa and around the world, direct into your inbox, daily, Ije-ododo community protests against estimated billing Some residents of Lagos under the network of Ikeja Electric have lauded one year of the ‘Willing Buyer, Willing Seller’ initiative. In line with this philosophy, the Board is committed to adopting sound corporate governance practices. “Within this period, the tariffs for all customers shall be based on rates applicable as at 31 August 2020,” Ikeja Electric said in its statement. Ikeja Electric (IE) says all transactions with customers under its network will be online effective March 19 as part of efforts toward containing the COVID-19 pandemic. Compliance with all applicable legislation, regulations, standards and codes is an essential characteristic of our organizational culture. Electricity tariffs were upwardly reviewed in September sparking an outcry from many Nigerians. Residents of Enilolobo in Ifo, Ogun State, have lamented what they termed maltreatment by Ikeja Electric, Abule-Egba Business Unit. Four men have been arraigned before an Ejigbo Magistrates’ Court for alleged assault on two employees of Ikeja Electric (IE). For IE, the report represents a milestone in our journey towards transformation of the Nigeria’s largest distribution company. Spokesman for the distribution company (DisCo), Felix Ofulue, said to achieve the mandate of the Nigerian Electricity Regulatory. Copyright © 2020 Channels Incorporated Limited. > We make a positive contribution to the protection of the environment, Copyright 2020 Ikeja Electric | All Rights Reserved, Energy Consumption of Domestic Appliances, Obafemi Awolowo Way, Alausa, Ikeja, Lagos, Ikeja Electric’s Bilateral Power Attains first year Milestone as Customers Score Service High, Ikeja Electric Launches WhatsApp Chatbot to Optimise Service delivery, Complaints Resolution, Mother, Daughter Arraigned for Theft of Energy on IE Network, Implementation of Electricity Tariff Review by Ikeja Electric, Ikeja Electric meters over 120,000 households, Standard Requirements for Partially Completed Project. The Board monitors compliance with these by means of management reports, which include information on any significant interaction with key stakeholders including the Company’s regulatory stakeholders. The Company’s governance framework enables the board to fulfil its role of providing oversight and strategic direction in balance with its responsibility to ensure compliance with regulatory requirements and acceptable risk tolerance parameters.

Ikeja Electric.

We understand that good corporate governance is fundamental to earning the trust of our stakeholders, which is critical to sustaining the organisation’s success and preserving shareholder value.

The residents said that they had been in a long-drawn battle with the electricity distribution company over the latter’s refusal.... Last Modified: October 21, 2020 at 9:42 am, Magodo residents laud first-year ‘milestone’ of improved power, Ije-ododo community protest 10 months outage, estimated billing, Ikeja Electric meters over 120,000 households, ‘Accountability to electricity consumers, stakeholders key to sustainability’, COVID-19: Ikeja Electric suspends disconnection of customers, Ikeja electric: Oke Afa undertaking customers protest three weeks of blackout, Police arraign four for allegedly beating, unleashing dogs on IE workers, Electricity consumers oppose tariff increment by Ikeja Electric, Tariff increment: Ikeja Electric targets N170bn revenue in 2020, Ikeja electric and prepaid meter processing, No going back on e-billing, says Ikeja Electric, Ogun residents, Ikeja Electric trade words over ‘unjust’ billing, Nigeria unrest spreads after shooting of protesters, Mourinho insists nothing 'Spursy' about West Ham draw, Outrage in South Africa over police brutality in Nigeria, Rihanna Features Black Cancer Survivors In New Savage X Fenty Ad, Sudan protesters rally against economic hardship, FG to set up 5-man committee on complaints on IPPIS by unions, More deaths nationwide, 24-hr curfew in five states, Nigerian Government silent hours after Lekki killings, Freight forwarders shut Tin Can, demand end to extortion by Customs, Former Real Madrid star Robinho to be jailed ‘immediately,’ says minister, Stop 'killing' #EndSARS protesters, Hillary Clinton tells Buhari, Nigeria security forces 'kill' protesters after curfew imposed, Fact Check: Claim that UN will intervene after 30 days of #EndSARS protest is FALSE, Wike accuses Amaechi of sponsoring pro-SARS protest in River State, “I won’t endorse 2021 budget, says Gbajabiamila, Coronavirus: UNESCO hosts Global Education Meeting to set priorities for learning recovery and protect financing in the aftermath of the pandemic, Coronavirus: International Air Transport Association (IATA) revises 2020 Passenger Traffic Forecast Down for Africa, Coronavirus - Kenya: Total COVID-19 recoveries stand at 32522, Now is the Time for Africa to fully develop and harness its Natural Gas Potential, Merck Foundation partners with Burundi First Lady to build healthcare capacity, empower girls in education and break the infertility stigma, Coronavirus - Kenya: Distribution of Cases by Counties (20th October 2020), Epazz DeskFlex Room Booking System Sees Demand Coming from Asia Pacific Region; Advances COVID-Compliant Software Suite for Specific Functionality. Sir: The prepaid processing and procedure of Ikeja Electric Plc is not only disturbing and counter-productive, but promotes corruption as well as impedes Federal Government’s intention or goal on the country’s electricity billing system. > We provide healthy, safe and secure work environment. Our business is highly regulated and we pride ourselves as leading our peers in the Nigerian Electricity Supply Industry (NESI) in this regard. NERC Suspends Electricity Tariff Hike For Two Weeks. The intended audience for this report are stakeholders such as our shareholders, customers, employees, suppliers, government and regulatory organizations. > We act with integrity, accountability and transparency. It is a reflection of our activities since takeover, a celebration of our success and recognition of areas where we could have performed better. All rights reserved. It reflects our economic, social and environmental activities from January 1 to December 31, 2015.

“Within this period, the tariffs for all customers shall be based on rates applicable as at 31 August 2020,” Ikeja Electric said in its statement. Ikeja Electric’s Bilateral Power Attains first year Milestone as Customers Score Service High August 24, 2020; Ikeja Electric Launches WhatsApp Chatbot to Optimise Service delivery, Complaints Resolution August 18, 2020; Mother, Daughter Arraigned for Theft of Energy on IE Network July 7, 2020; Implementation of Electricity Tariff Review by Ikeja Electric June 26, 2020 Ikeja Electric Plc, Nigeria’s largest electricity distribution company, has unveiled its first ever sustainability report titled “Building A Customer-Centric Business-Our Journey to Sustainability”. More on Local. The Company applies the Code’s principles of transparency, integrity and accountability and adopts the other principles as appropriate and proportionate for a company of its size and nature. > We work to ensure that neighboring communities benefit from our presence on an enduring basis.

These stakeholders are directly and indirectly impacted by the activities of the organization. Aggrieved residents of Oba Ogo Community Development Association (CDA), Ije-ododo in Iba Local Council Development Area (LCDA) of Lagos State yesterday morning.. Ikeja Electric Plc (IE), said it has metered over 120,000 households between 2018 and June 2020, in line with its commitment to bridging its metering gap.

In addition to compliance with all regulations at standards often above the minimum legal or regulatory requirements, we are committed to conducting business in line with best practices, applicable laws and regulations in Nigeria and in line with the requirements of the Nigerian Electricity Regulatory Commission as well as the National Code of Corporate Governance.

Operators in the electricity distribution value chain have stated that continued accountability to stakeholders is key to sustained service delivery and growth in the energy sector. As a part of our commitment to sustainable growth, in 2016,we launched our maiden sustainability report. As a licensed electricity distributor, Ikeja Electric complies with the Regulations, Codes and Standards guiding its operations as well as the principles set out in the National Code of Corporate Governance and international best practices as a public company. Ikeja Electricity (IE) on Friday said there was no going back on the new E-Billing introduced by the company. However, the industrial action was shelved after Federal Government representatives met with labour leaders and agreed to suspend the tariffs for two weeks when investigations into what the Labour Minister, Chris Ngige, has described as conflicting field reports justifying the hike in electricity tariff, is completed. Ikeja Electric (IE) has announced the suspension of all disconnection activities of non-paying customers for a period of two weeks effective April 1, due to the lockdown of Lagos State caused by COVID-19.

For three weeks, residents in parts of Ejigbo, Isolo and other electricity consumers under the Oke Afa Undertaking Office of Ikeja Electricity Distribution Company (IE). However, references are made to activities from November 2013, in order to provide an accurate image of the journey post-privatization.