Power

Tinubu Appoints Dekalu-Thomas As NELMCO MD

President has approved the appointment of Mrs. Mojoyinoluwa Dekalu-Thomas as the new Managing Director (MD) and Chief Executive Officer (CEO) of the Nigeria Electricity Liability Management Company (NELMCO) for a term of four years.

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The Special Adviser to the President on Media & Publicity, Ajuri Ngelale disclosed the development in a statement on Friday.

TheFact Daily reports that NELMCO was created by the Federal Government to manage the non-core assets of the defunct Power Holding Company of Nigeria (PHCN).

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The assets include power plants, land, buildings, and other infrastructure that were not sold during the privatization of the power sector in the country.

NELMCO, was therefore, mandated to manage and dispose of these assets in a transparent and efficient manner.

Mrs. Mojoyinoluwa Dekalu-Thomas has served as the Acting MD/CEO of NELMCO since the tenure of pioneer NELMCO MD/CEO, Mr. Adebayo Fagbemi, ended on May 8th, 2023.

Furthermore, her previous interim role and new substantive appointment has created a vacancy at her previous position: Executive Director, Liability Management.

Accordingly, President Tinubu has approved the appointment of Mr. Dimla Joel Nchinney to serve in NELMCO as the substantive Executive Director, Liability Management.

“By these directives of the President, these appointments take immediate effect”, Ngelale said.

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