BY Busola Aro
Zakari Muhammad, head of corporate communications at KADIRS, in a statement on Friday, said the company was sealed after it obtained a court order.
Muhammad also said the decision is in line with sections 104 (1) & (4) of the Personal Income Tax Act, 2011 and sections 37 (3) & (4) of the Kaduna State Tax Codification and Consolidation Law, 2020.
On January 9, the Nigerian Electricity Regulatory Commission (NERC) dissolved the board of directors of KAEDC.
The dissolution followed the DisCo’s inability to pay the N110 billion debt owed to the Nigerian Electricity Supply Industry (NESI), according to a recent order jointly signed by Sanusi Garba, NERC’s chairman, and Musiliu Oseni, his vice.
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