Funke Osibodu
BusinessHighlightTrending Story

Fake news! BEDC MD Osibodu’s arrest as Ajagbawa’s illegal, forceful takeover busted

882

Contrary to reports via videos trending on social media, the Managing Director of Benin Electricity Distribution Company (BEDC), Mrs Funke Osibodu has not been arrested for taking charge as the lawful CEO of the organization.

The report that Osibodu has been arrested by a special squad and taken to Abuja, should, therefore, be disregarded, BEDC management said on Tuesday in a statement given to Persecondnews.

“She is in her office in Benin working as the lawful Managing Director of BEDC in line with the court order obtained from the Federal High Court, Abuja last month.

“The management of the company advised customers of the company and members of the public to disregard the video as same was authored by mischief makers sponsored by elements who attempted to run afoul of the law,” the statement said.

Persecondnews recalls that a Federal High Court in Abuja had issued an order of interim injunction dated July 8 2022 restraining Fidelity Bank, its agents or privies from altering the Board of Director composition of BEDC pending the hearing and determination of the matter before the honourable court.

It stated: Today, the 15th of August 2022, Henry Ajagbawa who had illegally and unconstitutionally attempted to take control of BEDC as Managing Director again attempted to use illegal security process to disrupt the services of BEDC.

“However this attempt was rebuffed by the Police who in compliance with the court order ensured that law and order was retained .

“Consequently, the company is assuring the general public of continued restoration of governance and operational control of the company by the legitimate Board of Directors of BEDC, without any fear of harassment and/or intimidation with the Managing Director being Mrs Funke Osibodu.

“According to the MD, Mrs Funke Osibodu, we are on sit to ensure that our customers are happy.”

The statutorily recognized Management of BEDC, has therefore assured customers that the company is committed to quality and improved service delivery, stressing that the satisfaction of customers is paramount to the company.

Read Also: NFF President, Amaju Pinnick: No third term for me

Leave a comment

Related Articles

NRC Alleges Oyo Local Govt Chairman of Vandalizing Railway Assets Worth Millions

The Nigerian Railway Corporation (NRC) has condemned the destruction of multi-million naira...

Counter-Terrorism & Strategy: Why U.S. Special Forces Are in Nigeria – Gen. Anderson

To decisively tackle terrorism in West Africa, the United States has dispatched...

Lagos Assembly Orders Halt to Makoko Demolitions Amid Standoff with Gov. Sanwo-Olu

A major rift has emerged between the Lagos State House of Assembly...

Just In: Terrorism & Arms Charges: DSS Arraigns ex-AGF Malami, Son

Former AGF Abubakar Malami and his son, Abdulazeez, have been remanded in...

“No Deal”: Presidential Claimant Fernando Dias Rejects Guinea-Bissau Junta’s Transition Plan

By Paul Ejime Dr Fernando Dias da Costa, who claimed victory in...

UK Prosecutors Reveal Diezani Spent £140k on Luxury Furniture in One-Day Shopping Spree

As the trial of former Nigerian Petroleum Minister Diezani Alison-Madueke continues in...

“Democracy Forbids It”: Falana Argues Against Court-Martial for Soldiers in Alleged Coup

Mr. Femi Falana (SAN), prominent human rights lawyer, has argued that military...

“I Can Account for My Wealth”: Malami Petitions Court to Vacate Forfeiture Order

Former Attorney General of the Federation and Minister of Justice, Abubakar Malami...

Bonga FPSO Shutdown for Maintenance, Nigeria’s Oil Output to be Affected

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the shutdown of...

Traders Count Losses as Fresh Fire Ravages Kano’s Singa Market

Barely two months after a crippling fire outbreak, Singa Market in Kano...

Tragedy in Abuja: Rising Music Star Ifunanya Dies After Snake Bite

A bright light in Nigeria’s music scene has been extinguished. Ifunanya Nwangene,...

Ademola Lookman Set to Join Atlético Madrid in €40m Deal

Nigerian forward Ademola Lookman is poised to join Atlético Madrid in a...

Ogun Gov. Abiodun to Unveil State-Owned DisCo, New World Bank-Power Projects, Mini-grids

Ogun State is gearing up for a major power boost with the...

First HoldCo Plc Hits Record N3.4trn in Gross Earnings

Backed by a successful capital raise, First HoldCo Plc finished 2025 with...

Billionaire Femi Otedola Boosts Stake in First HoldCo to 18.12%

Femi Otedola, group chairman of First HoldCo Plc, has increased his stake...

Kano Secures ₦1trn Rail Project After Governor’s High-Profile Defection to APC

Barely 48 hours after joining the ruling All Progressives Congress (APC), Kano...

Emefiele’s Trial: Ex-CBN Director Admits to $2.5m ‘Gift’ Linked to $6.2m Election Logistics Fund

Bashirudeen Maishanu, a former Deputy Director of Banking Supervision at the Central...

“Selective Payouts”: Dozens of ‘Concerned’ Lawyers Demonstrate at Finance Ministry, Abuja

Lawyers representing the Concerned Lawyers for Probity and Justice protested at the...

Historic Milestone: Sarah Mullally Confirmed As First Female Archbishop of Canterbury

History was formally etched into the foundations of the Church of England...

17 Days to Go: Access Bank Lagos City Marathon Unveils Key Details

With the 2026 Access Bank Lagos City Marathon just 17 days away,...