BEARS & BULLS
BEARS: Negligent PHCN
The failing Power Holding Company of Nigeria (PHCN) has finally moved out its demurrage incurring containers of electricity equipment from the Ikorodu Lighter Terminal.
Some of the containers which have been at the terminal since 2011 were hastily moved out to avoid the wrath of Customs GC Hameed Ali.
But Na wah o! for PHCN, Nigerians keep lamenting over incessant power outages meanwhile equipment dey somewhere dey waste! Possibly, the electricity company has forgotten those containers are there and it took the Customs to remind them.
PHCN embrace change o! PHCN change!!!