The Board of Directors of the Ibadan Electricity Distribution Company (IBEDC) has relieved Kingsley Achife of his appointment as the company’s Managing Director.
The board refused to renew Achife’s contract, naming Francis Agoha as the acting Managing Director of the IBEDC effective from 31 May.
Achife’s sacking was contained in an internal memo dated 31 May, a copy of which was sighted by newsmen.
“Dear colleagues, the Board of Directors of the Ibadan Electricity Distribution Company wishes to inform the staff that it has decided not to renew the contract of the current Managing Director, Kingsley Achife.
“The Board expresses its deepest gratitude to Kingsley Achife for his contributions to the company and for laying the foundation for the ongoing turnaround.
“In light of this decision, the Board is pleased to announce the appointment of the most senior executive, Francis Agoha as the Acting Managing Director of IBEDC. Engineer Francis Agoha will assume leadership responsibilities with immediate effect and will work closely with the Board to ensure a smooth transition”, the memo read in part.
The IBEDC board said it remained committed to delivering reliable electricity services to its customers and stakeholders.
Though no reason was given for the board’s decision, it might not be unconnected with complaints about the performances of the Disco among its contemporaries.
In March, the Minister of Power, Adebayo Adelabu, summoned, among others, the outgoing managing director of the IBEDC to a crucial meeting.
Adelabu said despite the efforts of the ministry to increase power generation, certain distribution companies like the IBEDC were failing to adequately distribute the power supplied, while vandalism of power infrastructure worsened the problem in regions such as Abuja, Benin, Port Harcourt, and Ibadan.
