The House of Representatives has launched an investigation into the boardroom crisis at Eko Electricity Distribution Company (EKEDC), which distributes one-sixth of the nation’s power and serves major commercial centers in Lagos and Ogun.
Gatekeepers News reports that the probe follows a motion by Sani Bala (NNPP, Kano), who warned that the crisis poses a significant threat to the company’s operations and the federal government’s 40% stake.
According to Bala, the crisis stems from “undue personalization of board authority, abuse of due process, and vested interests,” including allegations of underhand dealings and impropriety.
Despite attempts to address the issue internally, the crisis persists, necessitating parliamentary intervention.
The crisis involves a power struggle between the chairman, a few directors, and the majority of the board over the sack of former Managing Director Tinuade Sanda.
The EKEDC chairperson, Dere Otubu, attributed the sack to a directive from the Nigeria Electricity Regulatory Commission (NERC).
However, the board remains divided over the appointment of Rekhiat Momoh as the new managing director.
The House Committee on Power has been mandated to investigate and resolve the crisis to ensure the federal government’s interests are protected.
