Nigeria, Aug. 23 -- The Joint Committee of the House of Representatives investigating the disbursement and utilization of a N59bn loan from the Central Bank of Nigeria for the National Mass Metering Programme (NMMP) has directed pointed questions to the Nigerian Electricity Regulatory Commission (NERC).

Meristem Wealth Management Limited and NESI-SSL have also been scrutinized for sanctioning a firm to collect 0.5% of annual revenues from electricity distribution companies until 2030.

In a statement from the committee's Chairman, Uchenna Okonkwo, it was revealed that early investigations indicated the NMMP was established by the NERC to address critical issues such as closing the metering gap, encouraging local meter production, and red...