TheCable

Nnaemeka Ewelukwa has assumed office as the acting managing director of the Nigerian Bulk Electricity Trading (NBET).

This followed a directive from Sale Mamman, minister of power, that Marilyn Amobi, former managing director of the agency, should step down.

The minister had directed the constitution of a 5-man investigative committee to look into the complaints against Amobi with the view to “restoring sanity” in the company

In a statement in Abuja, Aisha Waziri, an official at the corporate services department of NBET, said Ewelukwa, a general manager of the agency, has taken charge of the agency’s operations.

She said Ewelukwa has been a part of the executive management team of NBET and has over 20 years of professional experience spanning private practice, academia and public service.

“Prior to joining NBET, he served as a Technical Adviser on electricity regulatory and transaction issues with the Presidential Task Force on Power (PTFP} set up by the Federal Government to lead the implementation of the reform roadmap for the power sector,” she said.

“He has led NBET’s negotiations with Independent Power Producers (IPPs) and the development of Power Purchase Agreements (PPAs} at NBET.

“Paving the way for billions of dollars in additional private sector investments in the electric power sector.”

According to her, Ewelukwa is also a co-author of three globally acclaimed handbooks on electricity transactions.

“A qualified lawyer by training, Ewelukwa holds an undergraduate law degree from the University of Nigeria, a Master of Law degree in International Business Law from the London School of Economics and Political Science (LSE}, and a PhD in Law from Queen Mary University of London,” Waziri said.

“With specialisation on privatisation and the legal reform of the Nigerian power sector. He is also a member of the Chartered Institute of Arbitrators.”