• Saturday, April 20, 2024
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FG suspends NBE, REA bosses over complaints 

Nerc order on the transitional accounting treatment of tariff related liabilities: A breath of fresh air?

 The Minister of Power, Sale Mamman, on Tuesday directed the immediate stepping down of the Managing Director of the Nigerian Bulk Electricity Trading Plc (NBET), Marilyn Amobi, and suspended the Managing Director of the Rural Electrification Agency (REA), Damilola Ogunbiyi over infractions.

In separate statements by the Minister’s spokesman, Aaron Artimas, which were also posted on the ministry’s Twitter handle, the minister said the actions were a continuation of the reorganisation and sanitation going on in the ministry.

 

For the NBET, it said: “In view of this, the minister has also directed the constitution of a 5-man investigative committee to look into the myriads of complaints against the MD/CEO (of NBET) with the view of restoring sanity in the management of the company.

 

“Consequently, she is to handover to the most senior director in the organisation,” the statement said

 

Commenting on the suspension of the REA boss, the statement said the suspension followed some apparent infractions in the Agency which prompted the indefinite suspension.

 

Ogunbiyi, according to the statement, is to hand over to the next most senior officer in the Agency.

Mamman also directed an immediate investigation into the activities of the REA towards repositioning it for better service delivery.