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Ownership tussle over Benin DisCo may throw Ekiti and Delta into darkness, BPE warns
The Bureau of Public Enterprises (BPE) has warned that non-state actors allegedly engaged by top officials of the Benin Distribution Company (BEDC) could plunge residents of four states into darkness.
The states under BEDC include Delta, Edo, Ekiti and Ondo.
Yunana Jackdell Malo, director, industries and services, BPE, made this known in a statement issued on behalf of Alex Okoh, director-general, BPE, over the weekend.
Alongside Kano, Kaduna, Ibadan and Port Harcourt electricity distribution companies (DisCos), the federal government had announced the planned takeover of Benin DisCo — with an interim board appointed.
The FG had said the restructuring followed the activation of collateralised shares of the DisCos by Fidelity Bank and African Export-Import Bank (Afreximbank).
While the restructuring action in the other four DisCos was successful, the restructuring of the Benin DisCos faced disruptions as Vigeo Power Limited secured a court injunction against the takeover.
In July, BEDC management warned that “any attempt by Fidelity Bank and/or BPE to intervene in BEDC in the manner being reported will be illegal, unlawful and will be resisted”.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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