A new board and interim management have assumed office at the Abuja Electricity Distribution Company (AEDC).
This follows last weeks’ suspension of the former management by President Muhammadu Buhari amid an industrial action by the Nigerian Union of Electricity Employees (NUEE).
The board has Victor Osadolor as chairman.
Mr. Osadolor is currently chairman of UBA Pensions, a non-executive director of African Finance Corporation (AFC) and former deputy managing director of the United Bank for Africa (UBA).
A seasoned finance and business turnaround expert 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.
Mr. Okoh is currently a member of the Presidential Economic Advisory Council and has over three decades of corporate experience in general management, leadership, banking, and organisational development.
During his career in the banking sector, he served in a variety of leadership roles, including corporate banking, operations, treasury, as well as initiating and designing transformative projects and processes.
Other members of the board include Atiku Abubakar Tambuwal; Sam Adikamkwu, a legal practitioner and former chief legal adviser at UBA, and Muyiwa Akinyemi, seasoned accountant and a current group executive at UBA.
The interim management is led by Bada Akinwumi, who will serve as the interim managing director. 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.
In an address to staff of the company, Osadolor said “I want to assure you that the new Board of Directors is committed to the well-being of our employees. May I please request that all employees and stakeholders 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 appointments follow approval by the Nigeria Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE) conveyed on 9 Dec 2021, confirming the interim management as fit and proper to provide leadership at AEDC.
