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Eko Electricity crisis deepens as Director faults removal of MD/CEO, Tinuade Sanda over corruption allegation

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The last has not been heard in the crisis rocking the over alleged corruption, as the Director, Chairman Legal & Regulatory Committee of the company, Mr. Babor Egeregor, has faulted the purported removal of the Managing Director and Chief Executive Officer of the EkoDisco, Dr Tinuade Sanda from office.

SaharaReporters reported on Tuesday, March 26, that the Nigerian Electricity Regulatory Commission (NERC) directed the board of Eko Electricity Distribution Plc (EKEDC or EKEDP) to suspend with immediate effect all the workers of West Power and Gas Limited working with the company.

SaharaReporters reported on Tuesday, March 26, that the Nigerian Electricity Regulatory Commission (NERC) directed the board of Eko Electricity Distribution Plc (EKEDC or EKEDP) to suspend with immediate effect all the workers of West Power and Gas Limited working with the company.

It was reported that the directive may be connected with the recent petition by some concerned staff members of EKEDP to the Vice President, Senator Kashim Shettima; Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Economic and Financial Crimes Commission (EFCC) for intervention in the alleged endemic corruption in the management of the electricity distribution firm.
Although the company has dismissed the allegation, describing it as unfounded, the accusers have continued to push for external investigation.

However, in compliance with the directive of NERC, the Board Chairman, Otubu, directed the Managing Director/Chief Executive Officer of Eko Electricity Distribution Plc, Dr. Tinuade Sanda to leave her position, as she was also seconded from WPG.
SaharaReporters learnt that following the directive, the MD/CEO, Chief Legal Officer, Chief Finance Officer, Chief Human Resources Officer, Chief Auditor and Compliance Officer and others on secondment at the company handed over their handover notes to their subordinates on Monday and Tuesday as directed.

But reacting to the report, Director, Chairman Legal and Regulatory Committee, Mr. Babor Egeregor, faulted the Board Chairman’s letter sacking the MD/CEO and others on secondment, insisting that Dr. Tinuade Sanda remains the CEO of EkoDisco.

In a rebuttal, titled: RE: FG Sacks Eko Disco Managing Director, Egeregor explained that there was never a time the Nigerian Electricity Regulatory Commission directed that all staff of EkoDisco on secondment should be sacked.

Egeregor noted that the decision of the NERC was misinterpreted by the Chairman of Board, Dere Otubu, for ulterior motive, adding that the NERC decision on seconded staff was only directed to those connected to the alleged fraud and negligence in the company in the name of – Wola Joseph Condotti, Sheri Adegbenro, and Aik Alenkhe.

The rebuttal partly read: “It has come to my notice that by a letter dated 26th of March 2024, the Chairman of Eko Electricity Distribution Company (EKEDC), Mr. Dere Otubu purportedly terminated the Contract of Employment of Dr. Tinuade Sanda, the MD/CEO of EKEDC, allegedly in compliance with Orders/Directives issued by the Nigerian Electricity Regulatory Commission (NERC).

“The said Order of the NERC, herein displayed, are unambiguous, incapable of, and unyielding to plural interpretations. There was nowhere in the Order where NERC requested the removal of any staff either seconded to or hired by EKEDC except those connected to the alleged fraud and negligence i.e., Wola Joseph Condotti, Sheri Adegbenro, and Aik Alenkhe.

“In fact, NERC’s directives were issued to compel the Board of EKEDC, following picketing by the Union and unrelenting Staff protests, to act appropriately in the face of a determined position of a majority of the Board members to cover up the alleged use of ghost workers together with the alleged fraud and protect Wola Joseph Condotti especially.”

It added, “Mr. Dere Otubu’s letter, therefore, was done in bad faith and in vengeful revenge against the MD/CEO for escalating the alleged fraud and issuing queries against one of his protégés, whom he has desperately swore to protect by all means. As a matter of fact, the Ag DG of the BPE, representing the Government on the Board of EKEDC, vehemently rejected the attempt to cover up the alleged crime and insisted on compliance with the punishment prescribed in the Conditions of Service.

“Rather than comply with the Orders of NERC, a recourse to subterfuge was hatched with the purported termination and the publication of different misleading headlines such as “FG Sacks MD of EKEDC”, “Tinuade Sanda relieved of her position as MD, Eko Distribution Company”.

“There are no doubts about a deliberate agenda and unconcealed mischief to misread the Orders of the NERC to malign Dr. Sanda’s reputation for daring to escalate and issue queries to Wola Joseph Condotti for alleged fraud through the use of ghost workers for 3 years, and continuous payment of salaries to exited staffs despite personally receiving their resignation letters.

“Similar queries were issued to Sheri Adegbenro, the Chief Audit and Compliance Officer and Aik Alenkhe, the Chief Human Resources Officers respectively for their failure and gross negligence to audit and detect fraudulent payments on pay roll for over 3 years.”
Continue, he said “We are also aware of a purported press release appointing Mrs Rekiat Momoh as the Ag MD/CEO.

“The board of EKEDC, on which I sit has neither met nor decided on the purported appointment of Mrs. Rekiah Momoh as Ag. MD/CEO, except Mr. Otubu and his close circle of colleagues have transformed themselves into “the board”. I and all well-meaning members of the EKEDC board, I believe, should vehemently distance themselves from this contrivance.

“The Board is not a one man show, and matters are to be collectively deliberated on and approved by Board members. Mrs Momoh is the Chief Commercial Officer of EKEDC and remains so.

“Mr. Otubu and his co-travellers have chosen to cherry pick the exhaustive interaction with NERC where one of the Commissioners wondered why no one was yet to be tried or in prison for these grievous allegations and how to recover lost funds part owned by the federal government. They are more focused on settling scores with our performance driven MD/CEO, Mrs Tinu Sanda.

“At EKEDC, we are known for due process and legality, and anything that would take away from our avowed commitment to due process and corporate governance would be resisted.

“Therefore, let it be known that Dr. Tinuade Sanda remains the MD/CEO of Eko Electricity Distribution Company and has since her assumption of office as the MD/CEO, turned EKEDC around for good, with very great milestones and achievements which every sector player recognises.

“She made EKEDC the number one distribution company in Nigeria. The Investors, Board, and Management of EKEDC believe firmly in her leadership and look forward to many more record setting and breaking moments.

“This is for the information of the general public and all NESI stakeholders.”

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Energy and Power

N10 billion Allocation: Even ‘US White House uses solar power, presidency defends Aso Rock solar installation

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President Bola Ahmed Tinubu

Citing the United States, a developed nation that still uses solar power as alternative energy, Nigeria’s presidential Villa has defended the proposed N10 billion incresde allocated to be spent in installation of a solar mini-grid.

The Special Adviser on Information and Strategy to President Bola Ahmed Tinubu, Bayo Onanuga in a post on his verified X account described the initiative as a global best practice.

According to him, the United States also makes use of solar energy at the country’s White House in Washington, D.C.

Posting a video of the solar installation at the White House in the United States, he captioned, “The White House in Washington, D.C. uses solar power.”

The Presidency was reacting to the public outcry that the N10 billion earmarked for solar power in fresh allocation was a rape on the nation’s resources.

The project allocation initially was N33.55 billion, but was increased to N43.55 billion in the 2025 approved budget, a development that attracted public scrutiny.

This pushed the total budgetary provision for the State House from N47.11 billion to N57.11 billion.

Onanuga said the initiative is part of efforts to address unreliable electricity supply and the growing cost of power across the country.

The solar project is expected to reduce reliance on the national grid and cushion the impact of electricity tariff increases on government spending.

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Energy and Power

Tinuade Sanda: Solving the energy puzzle

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Dr Tinuade Sanda

Following the privatisation of the Nigerian Electricity Supply Industry, NESI, in 2013, 11 electricity Distribution Companies, DISCOs, emerged. One of them is the Eko Electricity Distribution Company, EKEDC, which is currently the largest electricity distribution company in the sub-Saharan African region.

Of special interest today is the fact that out of the 11 distribution companies, just one is currently managed by a woman. Thus, in an industry dominated by males, Dr Tinuade Toyin Sanda can best be described as an amazon on a mission to prove the axiom that what a man can do, a woman can do better.

In terms of competence, she can be described as a consummate entrepreneur with experience that traverses academia, finance, oil and gas, energy, trade and diplomacy, hence her choice of the individual to run the leading power distribution and energy firm with interest traversing across other sub-sectors in the electricity value chain can be seen as a square peg in a square hole.

On leadership skills, Sanda is an accomplished professional and business executive leader in the energy industry with over 22 years of extensive experience in financial management, financial reporting, treasury management and particularly over 14 years experience in various leadership roles.

This trail brazing amazon holds a Doctor of Philosophy in Financial Management and Entrepreneurship and Master’s in Business Administration (MBA) with specialisation in Strategic Planning from Edinburgh Business School, Herriot Watt University, Scotland, UK.
Her work experience spans a stint in the banking and finance industry, oil and gas as well as the power sector. Thus, she is equipped with the necessary knowledge to strategically transform organisations to attain growth, competitiveness and remarkable outcomes.

Obviously, Sanda’s educational background and career experience helped shape who she is as a business executive leader, a mentor to young professionals, and a sort-after keynote speaker in major seminars, webinars and capacity-building trainings in Nigeria, Africa and the world at large.

Her career pedigree consists of her time in the banking sector, where she handled different roles such as the relationship manager at Chartered Bank in 2001. In search of bigger challenges, she proceeded to Access Bank in 2003. While serving in Access Bank, she gained extensive experience in branch operations, customer service, cash management and retail credit management.
Prior to joining EKEDC in 2013, she was the Head of finance and Administration at Vanguard Energy Resources, a leading oil and gas trading services company.

Sanda holds awards and prestigious memberships of many professional bodies in Nigeria and abroad. She is a fellow of the Institute of Chartered Accountants of Nigeria, the Institute of Management Consultants, the Institute of Credit Management Administration and the Institute of Professional Financial Managers, United Kingdom. She is also an associate member of Risk Management Association of Nigeria and the Institute of Directors, Nigeria.

She is passionate about empowering young people and takes great pride in mentoring youths to seek creative ways of galvanising their energies for sustained excellence and productivity.

For instance, she has trained young Nigerian experts overseas on the management of key power sector assets. They have returned and are now manning the infrastructure.

Sanda has constantly provided innovative solutions to economic and energy-related challenges in Nigeria, sub-Saharan Africa and the rest of the world. She also exhibits passion to see Nigeria access energy and power supply uninterruptedly. An advocate of renewable energy, she has been in the forefront of those calling for an affordable, reliable and sustainable energy supply which can only be achieved through the adoption of various energy mix.

Since assuming office as the MD/CEO of EKEDC, she has achieved remarkable milestones. These achievements include the highest-ever monthly collection of N15b, the lowest-ever ATC&C losses of 15.69 per cent, the successful relaunch of the Meter Asset Provider, MAP, Scheme and the installation of 110 transformers within EKEDC’s network to alleviate overload challenges just to name a few.
Her achievements also include being the first DISCO to conclude and submit its Audited Financial Statement for the financial year 2022. The act opened up the company’s financial books for public scrutiny at a time when competitors continue to shy away from incorporating ethics of corporate governance.

Under her management, EKEDC’s prides itself as ‘customer-centric.’ In this regard, her leadership spurred complaint resolution to 99.2 per cent in 2023 despite a 35.8 per cent increase in the number of customer complaints in the year.

Overwhelmed by the performance, the Nigerian Electricity Industry Regulator, NERC, applauded her achievement with a commendation for being the only DISCO that is currently fully ready for the deployment of the NERC Customer Engagement Platform.

In the area of empowering employees with the necessary tools to deliver on their duties, the amazon manager at EKEDC has engaged the deployment of a centralised internet service to all EKEDC locations to ensure conducive working conditions. In addition, under her leadership the company deployed a data backup and disaster recovery site to ensure business continuity in the event of a disaster.
Following the economic reality of the time, Dr Sanda has ensured the company embraced efforts to cushion the effects of the economic downturn on its workers. In this regard, the company engaged in a 25 per cent increase in staff salary across the board to account for Cost of Living Adjustment, COLA.

The company under her watch had engaged 437 new line workers hired to ease district work, 602 staff hired in total so far.
There is also the conclusion of 2020 and 2021 performance appraisal process leading to the promotion of 629 staff. 246 individuals also received step increase. While 24 staff had step alignment, 280 received one-off bonus and 60 were placed on PIP.
These accomplishments highlight her dedication to driving positive change and excellence in the energy sector.

Sanda is passionate about innovation, collaboration and continuous improvements to drive success and achieve remarkable outcomes.

Credit: Vanguard

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