Court halts $3.66 million tax order against Tony Elumelu-linked AEDC
Billionaires Africa | 26.11.2025 15:26
Abuja Electricity Distribution Company (AEDC) has secured a major reprieve after a Federal High Court in Abuja set aside a ruling that required the utility to pay N5.31 billion ($3.66 million) in tax liabilities to the Federal Inland Revenue Service. The company, which operates under Transcorp Power Plc, linked to Nigerian businessman Tony Elumelu, had challenged last year’s ruling by the Tax Appeal Tribunal.
