Kaduna Electricity Distribution Company (Kaduna Electric) has announced the departure of Yusuf Usman Yahaya as Managing Director/Chief Executive Officer of the company, citing expiration of tenure. This was contained in an internal memo sighted by The Guardian to all staff from the Head of Corporate Communication, Abdulazeez Abdullahi, dated January 5.
According to the statement, Yahaya was appointed in July 2022 in furtherance of concerted efforts by stakeholders such as the Nigerian Electricity Regulatory Commission (NERC), Bureau of Public Enterprises (BPE), Central Bank of Nigeria (CBN) and lender – African Export-Import Bank (Afriexim) and Fidelity Bank – for an intervention in Kaduna Electric alongside select electricity distribution companies in Nigeria.
“Since his appointment, Engr. Yahaya has led and executed a decisive ongoing turnaround programme as to effect critical people and organizational reform, accomplish commercial growth, and enhanced service delivery to our customers aided by extended investments in network and energy management infrastructure.
“Kaduna Electric wishes to convey its gratitude to Engr. Yusuf Usman Yahaya for his leadership and management in initiating much-needed corporate turnaround of the company and extends our best wishes in his next endeavours,” Abdullahi said.
