Business

Abuja Disco’s new Board, management assume office

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The interim board and management of the Abuja Electricity Distribution Company (AEDC) have assumed duties. Persecondnews reports that the sacking of the management over intractable labour crisis had paved the way for the inauguration of the board with Victor Osadolor as Chairman.

 

Victor Osadolor is currently Chairman of UBA Pensions, a Non-Executive Director of African Finance Corporation (AFC), and former Deputy Managing Director of the United Bank for Africa (UBA).

 

A seasoned finance and business turnaround expert with over three decades of corporate experience, Osadolor is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), and an honorary life member of the Chartered Institute of Bankers of Nigeria (CIBN).  

 

Also on the board is Alex Okoh, who is currently the Director General of the Bureau of Public Enterprises (BPE).

 

He is currently a member of the Presidential Economic Advisory Council, and has over three decades of corporate experience in general management, leadership, banking and organizational development.

 

During his career in the banking sector, he served in various leadership capacities including corporate banking, operations, treasury, as well as initiating and designing transformative projects and processes.

 

Other members of the board include Atiku Abubakar Tambuwal, Sam Adikamkwu; a legal practitioner and former Chief Legal Adviser at the United Bank for Africa (UBA); and Muyiwa Akinyemi, seasoned accountant and a current Group Executive at the United Bank for Africa (UBA).

 

The Interim Management is led by Bada Akinwumi, who will serve as the Interim Managing Director.

Read Also: Aftermath of Abuja Disco management sack: UBA takes over majority stake in the company

Other members of the interim management are: Sani Usman, Interim Chief Business Officer; Babajide Ibironke, Interim Chief Finance Officer; Donald Etim, Interim Chief Marketing Officer; and Femi Zacheus Interim Chief Technical Officer.

 

In his maiden speech at a meeting with staff, the Chairman, Victor Osadolor said: “I want to assure you that the new Board of Directors is committed to the well-being of our employees.

 

“May I please request that all employees and stakeholders remain steadfast and support the interim management as they embark on the transformation of the business for our collective benefit.

 

“I thank you all for the sacrifices and commitment thus far as we begin this refreshing chapter of our corporate journey.”

 

Meanwhile, the appointments have been approved by the Nigeria Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE).

 

 

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