Ibadan electrical energy sacks Achife as MD, names alternative

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The Board of Directors of the Ibadan Electricity Distribution Company has relieved Mr Kingsley Achife of his appointment as the corporate’s Managing Director.

The board refused to resume Achife’s contract, naming Francis Agoha because the Acting Managing Director of the IBEDC efficient from May 31.

Achife’s sack was contained in an inner memo dated May 31, a replica of which was sighted by our correspondent.

“Dear colleagues, the Board of Directors of the Ibadan Electricity Distribution Company needs to tell the workers that it has determined to not renew the contract of the present Managing Director, Engineer Kingsley Achife.

“The Board expresses its deepest gratitude to Engineer Kingsley Achife for his contributions to the corporate and for laying the muse for the continued turnaround.

“In light of this decision, the Board is pleased to announce the appointment of the most senior executive, Engineer Francis Agoha as the Acting Managing Director of IBEDC. Engineer Francis Agoha will assume leadership responsibilities with immediate effect and will work closely with the Board to ensure a smooth transition,” the memo learn partly.

The IBEDC board mentioned it stays dedicated to delivering dependable electrical energy companies to its prospects and stakeholders.

“We are confident that this change in leadership will accelerate our journey towards sustainable growth, improved performance and a successful transition,” the memo from the administration added.

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Though no motive was given for the board’s determination, it is probably not unconnected with complaints concerning the performances of the Disco amongst its contemporaries.

In March, the Minister of Power, Adebayo Adelabu, summoned, amongst others, the outgoing managing director of the IBEDC to a vital assembly.

Adelabu mentioned regardless of the efforts of the ministry to extend energy technology sure distribution corporations just like the IBEDC had been failing to adequately distribute the facility provided, whereas vandalism of energy infrastructure exacerbates the issue in areas similar to Abuja, Benin, Port Harcourt, and Ibadan.

On Thursday, Achife led the IBEDC to make a defence listening to in opposition to a sanction contained in an order on non-compliance with estimated billing issued by the Nigerian Electricity Regulatory Commission in February 2024

At the listening to, Achife said that he was studying from the defence listening to and that he was in opposition to overbilling prospects.

However, the Vice Chairman of NERC and chairman of the listening to panel, Musiliu Oseni, said that NERC solely determined to approve IBEDC’s request to carry the listening to, saying the enchantment was filed past the sixty days allowed for the submitting of an enchantment in opposition to any regulatory judgement.

He talked about that the mixed NERC and IBEDC workforce will attain a decision level.

The IBEDC spokesperson, Busolami Tunwase, mentioned a press release could be launched later, refusing to present particulars.



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