AMCON Finally Sell Ibadan Disco: Big Shake-Up as Goment Chase Debt Recovery with Full Force

The Asset Management Corporation of Nigeria (wey we sabi as AMCON) don finally troway their share for Ibadan Electricity Distribution Company (Disco). No be say dem just tire, na because debt plenty and dem wan recover am fast-fast. Wahala don too much for inside Nigeria power palava and AMCON say dem no go carry last again.

Dem talk say this sale na part of goment wahala-cleaning mission. As pipu dey owe anyhow, AMCON don change gear, begin dey sell assets like gala. Dem believe say once dem sell this Disco matter, dem fit use the money collect back plenty gbese wey dey ground.

Ibadan pipu still dey reason the matter. Some dey happy say new owners fit shine light well-well, while others dey fear say “Up NEPA” fit still remain just shout without show. Make we dey look.

Debt Wahala Don Mature – AMCON Say Enough is Enough

According to AMCON, dem don dey carry plenty wahala since the privatization waka of 2013. Plenty electricity companies dey owe like say tomorrow no dey, and AMCON don dey carry am for head like tray. But now, dem don decide to drop some load — starting with Ibadan Disco.

Dem explain say the Ibadan Disco don become liability wey no gree gree reduce. Every year, dem dey pump money like say dem dey water dead plant. So to avoid turning to financial farmers wey dey harvest loss, AMCON say “Oya, make we sell am.”

Di goment corporation no mention how much dem collect for the deal, but dem yarn say the koko na to recover as much money as possible to stabilize economy wey don dey shake like generator for rainy season.

Hope Still Dey? – New Owners, New Wahala or New Light?

Now wey AMCON don waka comot, Nigerians dey ask: “This new oga dem go sabi the work?” Na big question. But for where, pipu don already dey carry hope like fuel keg — say maybe, just maybe, better light fit show for Ibadan and surrounding states.

Electricity consumers dey hope say these new owners go bring sense, better transformer and maybe steady light. But you know how Naija be — na to dey watch if dem go dance better or still carry the same old leg enter stage.

Meanwhile, Asset Management Corporation of Nigeria don move to next stop — dem say more companies go soon feel the heat. So if you dey owe goment and you dey hide, make you begin reason how you go pay or dem go carry your matter go market too.