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New board, management, reassure AEDC workers of better welfare

Osadolor

Following last week’s appointment by the Nigerian Electricity Regulatory Commission (NERC) of an Interim Management for the Abuja Electricity Distribution Company (AEDC), latest information indicate that the Board has also assumed office.

The board is made up of Victor Osadolor as Chairman. 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).

He is 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). 

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.

Besides Osadolor, the Director-General, BPE, Alex Okoh is also a Member of the Board. He 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, Okoh 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 the United Bank for Africa (UBA); and Muyiwa Akinyemi, a 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.

Addressing the staff earlier in the day, the Chairman, 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.”

We gather that these appointments followed approval by the NERC and BPE conveyed on December 9th, confirming the interim management as fit and proper to provide leadership to Abuja DisCo.

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