TheCable

President Bola Tinubu has approved the appointment of Mojoyinoluwa Dekalu-Thomas as the new managing director and chief executive officer of the Nigeria Electricity Liability Management Company (NELMCO).

NELMCO is a special purpose entity (SPE) created by the federal government, and saddled with the responsibility of managing the liabilities and non-core assets of the defunct Power Holding Company of Nigeria (PHCN).

Ajuri Ngelale, presidential spokesperson, announced the appointment in a statement on Friday.

Ngelale said Dekalu-Thomas’ appointment would last for a tenure of four years.

Dekalu-Thomas had served as the acting MD/CEO of NELMCO since the tenure of Adebayo Fagbemi, pioneer NELMCO MD/CEO, ended on May 8, 2023.

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

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

Ngelale said the appointments take immediate effect.