The Bureau of Public Enterprises (BPE), has named five persons to serve as members of the interim management team for the Abuja Electricity Distribution Company (AEDC) Plc.
In a statement issued on Thursday in Abuja by Amina Othman, Head, Public Communications, BPE said that the Nigerian Electricity Regulatory Commission (NERC), the power sector regulator, has approved the appointment of the interim management team.
It also said that the team would be headed by Bada Akinwumi as Interim Managing Director, Sani Usman as Interim Chief Business Officer, and Babajide Ibironke as Interim Chief Finance Officer.
Others are Donald Etim as Interim Chief Marketing Officer, and Femi Zachaeus as Interim Chief Technical Officer.
Chairman of NERC, Sanusi Garba, in approving the appointments, said the development is in “pursuance of the earlier fit and proper review of your (BPE’s) pool of nominees and in the context of business continuity frame work of the Nigerian Electricity Supply Industry (NESI)”.
The statement recalled that NERC and BPE had sacked the former management team of the AEDC and approved the appointment of an interim team to manage the power distribution company on the basis of legal processes arising from the failure of the core investor to meet its obligations to a lender.
“NERC and BPE, in a joint statement on Wednesday, signed by Sanusi Garba and Alex Okoh, Director General of BPE, stated that there had been an ongoing dispute amongst competing factions of AEDC’s majority shareholder/core investor KANN Utility Company Limited (KANN).
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