Thursday, January 27

AEDC crisis: Presidency says Buhari did not sack management


The Office of the Presidency has denied reports that President Buhari sacked the management of the Abuja Electricity Distribution Company (AEDC) over poor operations caused by a workers’ strike.

This was disclosed in a statement by Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, on Wednesday in Abuja, according to NAN.

The Presidency said it is reassuring investors in the economy that Buhari did not order the sack of the management of AEDC, neither does he intend to interfere in the running of the affairs of private business entities.

What the Presidency is saying

The Presidency added that it wishes to state expressly and reassure investors in the economy that President Buhari did not order the sack of the management of AEDC, neither does he intend to interfere in the running of the affairs of private business entities.

“The Presidency wishes to react to a news item making the rounds, credited to the Minister of State for Power, that President Muhammadu Buhari has ordered the sack and replacement of the management of the Abuja Electricity Distribution Company, AEDC.

“This cannot be true. Since the privatization of the Power Sector in 2013, the management of the successor companies has reverted to the new owners.

“It is, therefore, totally out of place and inconceivable that the President would be linked to the management of a private organization, let alone sacking it.

“It is gladdening to note that the minister quoted in the statement has himself distanced himself from it,” the statement read.

The statement also said that President Buhari also welcomes ongoing discussions with relevant stakeholders to resolve the issues surrounding the recent developments in the company.

In case you missed it

Nairametrics reported earlier that President Muhammadu Buhari had approved the sack of the Management of the Abuja Electricity Distribution Company (AEDC), revealed in a statement issued by Ofem Uket, media aide to the Minister of State for Power, Jeddy Agba, on Tuesday.

The Federal Government through the Ministry of Power, Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Enterprise (BPE) had later cleared the air on the recent crisis in the ownership structure of Abuja Electricity Distribution Company Plc (AEDC).



nairametrics.com