MOJEC METER ASSET MGT COMPANY DEBUNKS ALLEGATONS OF FUNDS DIVERSION – THISDAYLIVE

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Mojec Meter Asset Management Company Ltd. categorically refutes all allegations of diverting funds meant for the procurement of prepaid meters under the National Mass Metering Programme .

Mojec Meters fully discharged its duties of manufacturing, supplying, and installing meters for all eight DisCos, underpinning the success of the NMMP nationwide. The firm has certificates of completion issued by ALL 8 of its DisCos clients as proof of execution of its contractual obligations.

In a statement by Mojec Meter Asset Management Company Ltd , the company emphatically submits that in its 30-year existence, it has never diverted funds and its reputation has never been called to question. The company takes pride in being an indigenous, female owned and female-led company, promoting economic development, employing thousands of young Nigerians who would otherwise be unemployed and stimulating local economic development .

Under the programme, the Federal Government provided loan facilities to the DisCos for the procurement of locally available in-country prepaid meters at no cost, to end-users. The initial phase of the programme, dubbed phase zero had 750,000 meters installed of which Mojec supplied and installed 50% of these, while the other MAPs in the programme installed the remaining 50%.

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