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Fidelity Bank didn’t take over KEDCO, says Gwamna

By Ahmad Muhammad, Kano
15 April 2022   |   4:07 am
The Managing Director of Kano Electricity Distribution Company (KEDCO), Dr. Jamil Gwamna, has dispelled reports that the Fidelity Bank has taken over the power company.

Jamil Isyaku Gwamna

The Managing Director of Kano Electricity Distribution Company (KEDCO), Dr. Jamil Gwamna, has dispelled reports that the Fidelity Bank has taken over the power company.

Public Relations Officer (PRO) of KEDCO, Ibrahim Shawai, stated, yesterday, that Fidelity Bank had not in any way taken over the management and activities of KEDCO as rumoured.

The MD also denied his reported sack for alleged financial mismanagement and incompetence, describing the news as politically-motivated to dent his image.

Gwamna, a Peoples Democratic Party (PDP), who aspires to succeed Governor Muhammad Yahaya of Gombe State, said the speculation is clearly shown that was a handiwork of his opposition.

Noting that he also invested heavily in KEDCO, the Sardaunan Gombe added: “How on earth will I be part of killing a place I’m part of its development. I made a lot of impact and investment in youth and women because of the sheer love I have for the ordinary people, which the opposition see as a serious threat; hence they have resorted to fake publicity to destroy my political image.

“To put the record straight, KEDCO under my leadership had made highly impressive achievements, rising to become one of the best DisCos in the country, hence the ground that I was sacked on financial mismanagement is nothing but well-fabricated lies aimed at suppressing my impressive credentials.”

He revealed his plan to resign as KEDCO MD to face his political ambition, based on the Independent National Electoral Commission (INEC)’s guidelines.

“It should be placed on record also that any news of sack of such high profile personality will be done through the Board and the Bureau of Public Enterprises (BPE) and not from unserious online platforms which are the only sources of such baseless information,” the statement added.