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

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
Cross River concessions Obudu Ranch Resort for 25 years
Business

Cross River concessions Obudu Ranch Resort for 25 years

July 25, 2026
Ohanaeze Ndigbo backs Otu’s inclusive leadership, sets 2027 election standard
Business

Igbo community decries illegal taxation, harassment in Cross River

July 23, 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

LIVE STREAM: Corinthians vs Fluminense | Brazilian Serie A

LIVE STREAM: Corinthians vs Fluminense | Brazilian Serie A

September 20, 2026
LIVE STREAM: Leganés vs Granada | La Liga Hypermotion

LIVE STREAM: Leganés vs Granada | La Liga Hypermotion

September 20, 2026
LIVE STREAM: Valencia vs Real Sociedad | La Liga

LIVE STREAM: Valencia vs Real Sociedad | La Liga

September 20, 2026
LIVE STREAM: San Lorenzo vs Boca Juniors | Argentine League

LIVE STREAM: San Lorenzo vs Boca Juniors | Argentine League

September 20, 2026
LIVE STREAM: Santa Clara vs Braga | Primeira Liga Portuguesa

LIVE STREAM: Santa Clara vs Braga | Primeira Liga Portuguesa

September 20, 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.