In its habitual way of changing leadership, the Abuja Electricity Distribution Company (AEDC) has announced the appointment of Engr. Chijioke Okwuokenye as the Acting Managing Director, with immediate effect.
Recall that the company has been experiencing a leadership crisis since a Transcorp-led consortium, became the core investor, following its 60% acquisition of its shares.
From 2022 to date, the company has changed about four (4) Managing Directors. From Engr. Adeoye Fadeyibi to Christopher Ezeafulukwe to Victor Ojelabi, and now Chijioke Okwuokenye.
Although no genuine reason has been advanced for the current decision, however, it could be due to the recent internal crisis with the company’s union and enforcement carried out by the Federal Inland Revenue Service (FIRS) over tax evasion.
Meanwhile, it said, the appointment, will see Engr. Okwuokenye drives the positioning of AEDC as the foremost, customer-focused electricity distribution company in the Nigerian power sector.
Prior to his appointment, he served as the company’s Chief Operating Officer, where he oversaw strategic support units and embedded generation projects of the company. He brings to the role a wealth of experience and expertise in the power sector, as well as a passion for the attainment of the vision for the Nigerian electricity supply industry.
Speaking on the appointment, the Chairman of the Board of Directors, Dr. Stanley I. Lawson, said, “Chijioke Okwuokenye is an experienced leader who has been a part of the company’s transformation agenda and is well suited to drive its corporate turnaround. I am confident that, with his technical and commercial background, he will continue to drive value for all AEDC stakeholders”.
The company also announced the appointment of Olumide Jerome as the Chief Operating Officer. Prior to this, he served as one of the company’s Chief Business Officers. He will drive efficiency and operational excellence across the company as part of his new responsibilities.
Abuja Electricity Distribution Plc (AEDC) is an electricity distribution company in Nigeria, committed to delivering dependable electricity to millions across the nation’s key commercial centres – Federal Capital Territory (Abuja), Kogi, Niger, and Nasarawa states.
