Eko Electricity Distribution Company Board in Turmoil Over CEO Sacking

The Eko Electricity Distribution Company (EKEDC) is currently embroiled in a leadership crisis that has caused a rift among the board members. The company’s Managing Director/Chief Executive Officer, Dr. Tinuade Sanda, was recently replaced by Mrs. Rekhiat Momoh, leading to a clash within the board.

The decision to remove Sanda from her position was based on a directive from the Nigeria Electricity Regulatory Commission (NERC), which mandated that all staff working for the utility must be employed directly by the company. This directive led to the release of all seconded staff from WPG Ltd, including Sanda.

However, a Director and Chairman of the Legal & Regulatory Committee, Mr. Babor Egeregor, disputed the chairman’s decision, stating that NERC did not order the removal of any staff except those involved in alleged fraud and negligence. He accused the chairman of acting in bad faith and seeking revenge against Sanda for uncovering the fraud within the company.

Egeregore emphasized that Sanda had significantly improved EKEDC’s performance during her tenure and questioned the legitimacy of Momoh’s appointment as Acting MD/CEO. He stressed the importance of due process and corporate governance within the company.

In response to the allegations, the EKEDC spokesperson clarified that Sanda was not sacked but asked to step aside temporarily for structural management realignment. Momoh’s appointment was intended to prevent a leadership vacuum within the company.

The NERC has promised to address the ongoing crisis at Eko Disco officially, indicating that further developments may unfold in the near future. The situation highlights the complexities and power struggles that can arise within corporate environments, even in the energy sector.

You may also like

Recent News

Nigeria–UAE Deal Will Give Exporters Gateway To Global Markets — Minister • Channels Television

Nigeria UAE trade deal boosts export markets

Instagram is nostalgic for 2016 again (yes, really)

Instagram nostalgia trend revives 2016 vibes

COAS calls for stronger Nigerian-U.S. Army partnership to tackle security challenges

Nigeria Army seeks deeper US partnership to address security challenges

Atiku’s son dumps PDP for APC, backs Tinubu’s re-election

Atiku’s Son Defects to APC, Backs Tinubu’s Re-election Bid

Scroll to Top