Managing director/chief executive officer of Eko Electricity Distribution Company (EKEDC) Tinuade Sanda on Friday penned a note on social media in celebration of her second anniversary at the helm of affairs at the power firm.
Noting the successes recorded within two years as EKEDC CEO, she wrote in an Instagram post: “Celebrating Milestones: Two Years at EKEDC’s Helm! As I approach my two-year anniversary as MD/CEO of EKEDC on the 30th of March, 2024, I am filled with pride over our victories against all odds: achieving a record collection of N14.9 billion as of the 28th of March, 2024 and cutting ATC & C losses to 4%.
“Not to mention, our peak collection moment of N17.1 billion in a single month, achieved in January 2024, stands as a testament to our commitment and hard work. These milestones have significantly propelled our service and efficiency forward.
“Following our recent strategy session in February 2024, we set an ambitious target for ATC & C losses at 11.85%, yet we’ve surpassed expectations by achieving a remarkable single-digit rate of 4% just a month later.”
On Tuesday, the EKEDC board announced that Sanda’s tenure was terminated in compliance with the directives issued by the Nigerian Electricity Distribution Commission (NERC). Rekhiat Momoh was immediately named acting MD/CEO.
However, on Wednesday, EKEDC legal director Babor Egeregor said that Sanda remains CEO of the power firm.
He insisted that NERC in its order never requested the removal of any member of staff either seconded to or hired by EKEDC except those connected to alleged fraud and negligence discovered in the company.
