Its Chief Executive Officer, Mr Adeoye Fadeyibi, said this while deliberating on how the company could improve its service delivery at a town hall meeting in Victoria Island in Lagos
Fadebiyi, represented by Mr Joseph Esenwa, the Chief Finance Officer of the company, said there had been high rate of energy theft and non-payment of bills by customers within its network.
He condemned the act, saying that the objective of the forum was to inform the customers about the company?s service as well as the huge amount of loss to energy theft.
Fadebiyi warned customers to desist from energy theft, adding that the company would not hesitate to prosecute and jail those caught in the act.
The EKEDC boss said the forum was to enlighten customers on the negative implication of energy theft while listening to their problems and complaints.
?People go to our substations and vandalise cables, damage transformers, looking for transformer oil. In some cases, those illiterate ones think there is mercury in the transformer and destroy it, and we are losing a lot of money.
?Apart from vandals, we have meters being bypassed. When you look at all these losses, the cost is enormous.We lose millions of naira monthly to vandalism and theft of our equipment.?
He added that the forum also aimed at getting customers? view on strategic solutions to the problems. ?It has also come to our notice that some people have been illegally connecting to our energy.?