Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
PRICING
SUBSCRIBE
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
No Result
View All Result
Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
  • Trends

Home » Business » FCCPC intervenes in prepaid meter phase-out by DisCos, ensures consumer protection

FCCPC intervenes in prepaid meter phase-out by DisCos, ensures consumer protection

October 22, 2024
in Business
Reading Time: 2 mins read

Lagos, Nigeria – Tuesday, October 22, 2024: The Federal Competition and Consumer Protection Commission (FCCPC) is taking action to address concerns surrounding the impending phase-out of Unistar prepaid meters by Ikeja Electric Plc and other electricity distribution companies (DisCos). The announcement follows a wave of consumer complaints about the transition process.

Ikeja Electric recently declared that the Unistar prepaid meters, which were introduced over a decade ago, will be discontinued starting November 14, 2024, due to technological advancements and the Token Identifier (TID) rollover issue. This upgrade, however, has raised significant concerns among consumers regarding the financial burden of replacing the meters, as well as fears of being subjected to arbitrary estimated billing practices during the transition.

The FCCPC has noted growing anxiety among consumers who are uncertain about whether they will be required to pay for new meters or face unfair billing. The lack of clear communication from the DisCos about the phase-out process has further fueled consumer distrust.

In response, the FCCPC, acting under its mandate as outlined in Sections 17(j), (l) (s), 116(2), 124, 125, 138, and 155 of the Federal Competition and Consumer Protection Act (FCCPA) 2018, has launched a series of interventions. These efforts include engaging key stakeholders such as the Nigerian Electricity Regulatory Commission (NERC), Nigerian Electricity Management Services Agency (NEMSA), and all eleven DisCos to ensure transparency and fairness in the metering process.

The Commission is leading discussions with Ikeja Electric and other relevant parties to clarify the meter phase-out process. It is advocating for the DisCos to cover the cost of replacing outdated meters, without passing additional expenses onto consumers. The FCCPC also plans to monitor compliance with regulatory guidelines, ensuring that consumers are not subjected to unfair charges or placed on estimated billing during the transition period.

In a statement, Ondaje Ijagwu, Director of Special Duties & Strategic Communication at the FCCPC, reaffirmed the Commission’s commitment to protecting consumers’ rights and interests. “The FCCPC will continue to ensure that Nigerian consumers are not disadvantaged during this meter upgrade process,” he stated. “Our focus is on preventing exploitation and promoting transparency and fairness in the marketplace, particularly in critical sectors like electricity.”

The Commission emphasised that this intervention aligns with President Bola Tinubu’s “Renewed Hope” agenda, which prioritises fairness for Nigerian consumers and access to essential services, including electricity.

Moving forward, the FCCPC plans to intensify consumer education efforts, ensuring that Nigerians understand their rights regarding electricity metering and billing. The Commission will remain vigilant, advocating for a consumer-friendly approach to service delivery across the sector.

The FCCPC has assured the public that it will continue to monitor the situation and work with stakeholders to prevent any undue financial or service-related burdens on consumers during this transition.

Tags: DisCosFCCPCNigeria

RelatedNews

Ogoja Foods: Santuscom Seals N5bn Partnership Deal with UK Firm to Drive Export Expansion
Business

Ogoja Foods: Santuscom Seals N5bn Partnership Deal with UK Firm to Drive Export Expansion

October 5, 2026
FG approves upgrade of Calabar port, others
Business

FG approves upgrade of Calabar port, others

September 27, 2026
Fire razes SPAR Calabar Mall, destroys shops, goods
Business

Each SPAR Calabar Mall fire victim to get ₦25 million from FG

September 5, 2026
HBM Nigeria commissions high-capacity CNG station in Cross River State
Business

HBM Nigeria commissions high-capacity CNG station in Cross River State

September 2, 2026
IPMAN Eastern Zone Backs Obi, Rejects Parallel Leadership in C’River
Business

IPMAN Eastern Zone Backs Obi, Rejects Parallel Leadership in C’River

August 13, 2026
CBN removes affidavit for dormant accounts, tightens banking rules
Business

Nigerian Banks Remain Strong and Secure as Global Cyber Campaign Sweeps Across Sectors and Continents Nigerian

August 5, 2026
Next Post

Gov Eno Launches Youth Employment Portal to Boost Job Opportunities for Akwa Ibom Youths

Court Jails 43 Yahoo Boys in Awka

Latest News

Arsenal v. Leeds

Arsenal v. Leeds

October 10, 2026
82nd BON Assembly Opens in Calabar as Chairman Hails Otu’s Peace, Devt Strides, Demands Media Rescue

82nd BON Assembly Opens in Calabar as Chairman Hails Otu’s Peace, Devt Strides, Demands Media Rescue

October 10, 2026
PROWPMAN Restores 200 Hectares of Forest in Cross River, Targets 2 Million Seedlings

PROWPMAN Restores 200 Hectares of Forest in Cross River, Targets 2 Million Seedlings

October 10, 2026
West Ham United vs QPR (Queens Park Rangers) | EFL Championship

West Ham United vs QPR (Queens Park Rangers) | EFL Championship

October 10, 2026
Malaga vs Espanyol | La Liga

Malaga vs Espanyol | La Liga

October 10, 2026

Topics

  • Latest News
  • Nigeria
  • Africa
  • Europe
  • Asia
  • Americas
  • United States

Social Media

  • WhatsApp
  • Facebook
  • X (Twitter)
  • YouTube
  • LinkedIn

Special Topics

  • Column
  • Bassey Otu
  • Bola Tinubu
  • Special Reports
  • Profile & Biography
  • Opinion
  • Latest News
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.

No Result
View All Result
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.