Sunday, September 20, 2020
MARKET UPDATE
Advertisement

TheCable

Advertisement
 ON THE GO

Mamman announces new NBET MD, asks Amobi to go on terminal leave

Mamman announces new NBET MD, asks Amobi to go on terminal leave
June 15
18:10 2020

Sale Mamman, the minister of power, has directed Marilyn Amobi, the managing director of the Nigerian Bulk Electricity Trading Company (NBET), to proceed on terminal leave.

Advertisement

In a statement on Monday, Aaron Artimas, special adviser to the minister, announced that Nnaemeka Ewelukwa, the company’s general counsel and secretary, would be the new managing director.

“He is to succeed Dr Marilyn Amobi, as substantive managing director/CEO, while the former MD is to handover and proceed on terminal leave with immediate effect,” the statement read.

“President Muhammadu Buhari had earlier approved the recommendation to this effect.

Advertisement

“Eweluka, a lawyer comes to this position with over twenty years’ experience, spanning private practice, academics and the power sector.

“He is a specialist on privatization and legal energy reforms as well as a member of the Chartered Institute of Arbitration.”

On December 24, 2019, the minister had asked Amobi to step down amid allegations of fraud levelled against her.

Advertisement

The minister directed an investigative panel to look into the allegations “with the view to restoring sanity in the management of the company” and appointed Ewelukwa as the acting managing director.

However, the president reversed the order and also moved NBET from the ministry of power to the ministry of finance for supervision.

The president also approved a new board for the agency with Zainab Ahmed, the minister of finance, budget and national planning, as chairman.

Advertisement

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment