Former vice president, Alhaji Mohammed Namadi Sambo has described as false the report linking him to the ownership of Kaduna Electric Power Distribution Company of Nigeria (KAEDCO).

In a statement personally signed by the former Vice President, Sambo, yesterday, said; “my attention has been drawn to an online story published by Daily Post on a query issued by the Nigerian Electricity Regulatory Commission to the Power Distribution Companies. 

Specifically, the report alleged that “l own Kaduna Electric Power Distribution Company of Nigeria (KAEDCO) through a proxy.

“l wish to state unequivocally that the story is totally untrue, malicious and unfounded. The story is aimed at bringing my reputation to disrepute.

“For the records, I do not own a single share in the company or any of the public privatised companies under my watch either directly or through a proxy.

As the chairman of the Privatization Council and indeed as Public Servant, l discharged my duties responsibly in accordance to laid down rules and procedures and in the interest of the nation.”