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Eko Disco consolidates On N11b revenue, appoints new chairman

By Guardian Nigeria
23 January 2022   |   4:03 am
The Eko Electricity Distribution Company (EKEDC) has announced the appointment of Oritsedere Otubu as its new Chairman, to consolidate on its N11 billion monthly revenue.

The Eko Electricity Distribution Company (EKEDC) has announced the appointment of Oritsedere Otubu as its new Chairman, to consolidate on its N11 billion monthly revenue.
   
Otubu replaced Charles Momoh who was the pioneer Chair and is stepping down after eight years in line with company’s policy and international best practices.
 
It is expected that Otubu will consolidate on the gains achieved under Momoh where monthly revenues climbed steadily from about N2.3b to nearly N11b.

 
The General Manager, Corporate Communications, EKEDC, Godwin Idemudia, in a statement, said the EKEDC Board and Management are fully confident that the new chairman will lead the company into a new phase of developmental journey to attain industry milestones and optimise its position as the leading and customer-centric power utility company and the preferred choice of all stakeholders.
   
Otubu is an accomplished entrepreneur with a diversified portfolio of investments that has a track record of successfully developing and building businesses for over 25 years. He plays a strong leadership role in the direction and governance of many companies where he holds significant interests.
 
Otubu said, “This is quite an important point for the power sector in its journey to maturity as the needs of our customers, regulators, and other stakeholders are changing rapidly.
 
“We are engaging continuously to strategically chart the course of this company’s growth and contribute to both the power sector’s and the nation’s development in ways that will enable sustained and beneficial growth for all, in the years ahead,” he said.