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New AEDC board seeks support to transform operations

By Guardian Nigeria
15 December 2021   |   2:56 am
The newly constituted management of embattled Abuja Electricity Distribution Company (AEDC), yesterday, sought the support and collaboration of stakeholders and staff to upturn the utility company.

Electricity grid

The newly constituted management of embattled Abuja Electricity Distribution Company (AEDC), yesterday, sought the support and collaboration of stakeholders and staff to upturn the utility company.

The board chairman, said while the new management is committed to the well-being of employees, transforming the business for collective benefit will be elusive without the staff and stakeholders.

He called on all employees and stakeholders to remain steadfast and support the interim management as they embark on the transformation of the business for our collective benefit. I thank you all for the sacrifices and commitment thus far as we begin this refreshing chapter of our corporate journey.

The new board at the company is made up of Osadolor as Chairman. Osadolor is currently Chairman of UBA Pensions, who is also a Non-Executive Director of African Finance Corporation (AFC). A former Deputy Managing Director of the United Bank for Africa (UBA) with over three decades of corporate experience, he is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an honorary life member of the Chartered Institute of Bankers of Nigeria (CIBN).

Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, is also a member of the board. A member of the Presidential Economic Advisory Council, Okoh has over three decades of corporate experience in general management, leadership, banking and organisational development.

Other members of the board include, Atiku Abubakar Tambuwal, Sam Adikamkwu; a legal practitioner and former Chief Legal Adviser at the United Bank for Africa (UBA); and Muyiwa Akinyemi, seasoned accountant and a current Group Executive at the United Bank for Africa (UBA).

Bada Akinwumi, who will serve as the Interim Managing Director, leads the interim management. Other members of the interim management are: Sani Usman, Interim Chief Business Officer; Babajide Ibironke, Interim Chief Finance Officer; Donald Etim, Interim Chief Marketing Officer; and Femi Zacheus Interim Chief Technical Officer.

Reportedly, the appointments followed approval by the Nigeria Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE) conveyed earlier this month, confirming the interim management as fit and proper to provide leadership to Abuja DisCo.

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