The Federal Court in Lagos has restrained the Eko Electricity Distribution Company (EKEDC) from operating a parallel account under the Credit Advance Payment Meters Implementation (CAPMI) agreement with Moman System Nigeria Limited.
The court directed Eko distribution Company to direct all its electricity customers in the area exclusively assigned to MOMAS to pay fees for the supply and installation of meters into the Escrow CAPMI bank account controlled jointly by EKEDC and MOMAS .
MOMAS maintained a joint account with EKO Disco as signatories pursuant to Credit Advance Payment (CAPMI) scheme.
MOMAS said that the company was contracted to supply and install various meter to six business units under EKO Disco which comprises Ijora, Lekki, Island, Apapa, Festac and Surulere under the CAPMI schemes.
MOMAS said that contrary to their agreement the distribution company operates another parallel account without informing MOMAS who is always a signatory to the joint meter account with EKO Disco.