• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Interviews
  • Sports
Facebook X (Twitter) Instagram
Trending
  • VCM Members Visit PBAT/KOH CC H’Quarters, Names Jide Kosoko as Ambassador 
  • Fani-Kayode Vows to Rebuild Nigeria–S’Africa Ties, Protect Nigerians, Arrives Johannesburg 
  • Dabiri-Erewa Urges Nigeria to Harness Global Expertise of Diaspora Professionals
  • Nigeria, Japan Move to Set Up Industrial Hub to Unlock Investment
  • NSCDC Begins Asset Tagging to Curb Mismanagement of Public Property
  • MIKTA Nations Push Climate Finance Reforms as Nigeria Faces $337bn Funding Gap
  • NCYP Seeks Probe of Viral Video Allegedly Threatening Christians in Jos, Enugu
  • ECOWAS: e-Commerce Can Raise W’African Trade to 35%, Boost Small Businesses
Facebook X (Twitter) Instagram
The Gazelle NewsThe Gazelle News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Interviews
  • Sports
The Gazelle NewsThe Gazelle News
Home » EkoDISCO: NERDC Writes Board Chairman, Says Sack of MD/CEO Was Misinterpretation of Its Resolution 
Business

EkoDISCO: NERDC Writes Board Chairman, Says Sack of MD/CEO Was Misinterpretation of Its Resolution 

The Gazelle NewsBy The Gazelle NewsMarch 28, 2024No Comments10 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Nigerian Electricity Regulatory Commission (NERC) has clarified that its resolution on alleged ghost workers and crisis in the Lagos-based Eko Electricity Distribution Company Plc (EKEDC) which led to the removal of Dr Tinuade Sanda, as Managing Director/Chief Executive Officer and other management staff, was misinterpreted.

The Chairman of EKEDC, Dr Dere Otubu, was said to have acted on her removal based on the resolution.

The EKEDC has been dogged by management crisis which started last year, with the discovery of alleged fraud and ghost workers on its payroll

The sudden announcement of the removal of Dr Sanda, as MD/CEO, further escalated the infighting amongst the shareholders.

But NERC intervened to clarify its previous directive to The Board of the company.

The Chairman of NERC, Sanusi Garba, provided further clarification to its resolution in a letter to Otubu dated March 27, 2024.

He said, “We write further to our letter Rel, No. NERC/REG/EKEDC/GEN/S432/T/36 of 21 March 2024 conveying the resolutions of the Commission to Eko Electricity Distribution Plc (“EKEDP”) on the alleged ghost workers in the company.

“The Commission has noted the strong public interest generated by the current events of EKEDP and the various interpretations of the resolutions conveyed vide the said letter, particularly with respect to paragraphs 4b and 4e. We therefore hereby provide further clarification as follows:

“Paragraph 4b- All staff of EKEDP, irrespective of their form of engagement, will be subject to the Conditions of Service of EKEDP. The Commission deemed it necessary to pass this resolution based on the submission of EKEDP, at the meeting of 20 March 2024, that the Condition of Service (“CoS”) of EKEDP was not applicable to Seconded personnel from third-party providers.

“Paragraph 4c – EKEDP Board is expected to conclude its review of its investigation into the allegation of Ghost workers to identify all personnel involved in causing the loss of revenues to EKEDP no later than 27th March 2024. 

“In a case where the indicted parties are seconded from third-party providers and since they are reportedly NOT subject to the EKEDP CoS, they are to be recalled to their parent companies to avoid the risk of further losses to EKEDP.

“In closing, the Commission recognises the powers of West Power and Gas Ltd and the EKEDP Board of Directors on the deployment and redeployment of staff including changes to the management of the utility at any point based on a credible corporate governance framework and in furtherance of the fiduciary responsibility of directors.

“This letter only seeks to provide clarification on the Commission’s earlier communication on this subject to avoid varied interpretations and further to the overriding public interest. Please accept the assurances of the Commission’s best regards and consideration.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
The Gazelle News
  • Website

Related Posts

ECOWAS: e-Commerce Can Raise W’African Trade to 35%, Boost Small Businesses

October 28, 2026

NEDC Distributes Starter Packs To 20 Beneficiaries For Eco-friendly Stove, Briquette Production In Bauchi

October 25, 2026

Ipoola Omisore Relocates “Ile-Ife Greats” To Lagos

October 25, 2026

VCM Members Visit PBAT/KOH CC H’Quarters, Names Jide Kosoko as Ambassador 

October 28, 2026

Fani-Kayode Vows to Rebuild Nigeria–S’Africa Ties, Protect Nigerians, Arrives Johannesburg 

October 28, 2026

Dabiri-Erewa Urges Nigeria to Harness Global Expertise of Diaspora Professionals

October 28, 2026

Nigeria, Japan Move to Set Up Industrial Hub to Unlock Investment

October 28, 2026
© 2026 All Rights Reserved. The Gazelle News. Designed By DeedsTech.

Type above and press Enter to search. Press Esc to cancel.