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Former VP, Sambo denies ownership of Kaduna DISCO


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.”


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