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Eko DisCo fires CEO, Chiefs over NERC directive 

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Tinuade Sanda

The board of Eko Electricity Distribution Company has relieved its Managing Director/Chief Eexcutive Officer, Dr. Tinuade Sanda, of her duties as MD/CEO of the company.

In a letter seen by ThePressNG and signed by the company’s Chairman, Dere Otubu, the company explained that the decision was due to a directive from the industry regulator, NERC.

 

ThePressNG also obtained a copy of the letter from NERC titled ‘Alleged Ghost Workers In Eko Electricity Distribution Company – Call For Investigation,’ wherein it instructed the distribution company to “ensure all existing WPG secondees involved in the loss of revenue to EKEDC in this matter are withdrawn back to WPG,” indicating that all WPG staff seconded to Eko DisCo should be removed. WPG is the core investor in Eko DisCo.

ThePressNG understands that other executives in the company who were seconded from WPG were also affected by the directive.

Backstory: However, ThePressNG has gathered that the decision may have stemmed from internal management conflicts within the company over leadership positions.

This is a developing story…

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