Tag: IBEDC

‘We Can’t Afford Band A Again,’ 31 CDAs Beg IBEDC For Downgrade

Ganiyu Amodu

. Names of Communities and their petition to NERC, IBEDC, Senator Adeola Yayi, others   Some aggrieved communities in Ota area of Ogun State have decried the high electricity tariff, as a result of the Band A grading, urging the Ibadan Electricity Distribution Company (IBEDC) review their cadre to a more reasonable tariff. About 31 communities under the aegis of Ota Area Community Development Committee (OACDC) said the electricity tariff now gulps a large chunk of the resident’s income at the detriment of other basic needs and necessities of life.…

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IBEDC Sacks Kingsley Achife As MD

Ganiyu Amodu

The Board of lbadan Electricity Distribution Company (|BEDC) has terminated the contract of Engr. Kingsley Achife, the current Managing Director, and appointed Engr. Francis Agoha as the new Acting Managing Director. The Board, in a statement, expressed gratitude to Engr. Achife for his contributions to the company’s growth and for laying the foundations for the ongoing turnaround within the company’s network areas. It was gathered that Engr. Agoha, being the most senior executive of the company, has assumed leadership responsibilities with immediate effect and will work closely with the Board…

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IBEDC, Consumers’ Group Bicker Over Customer’s Electrocution

Ganiyu Amodu

. IBEDC, guilty of criminal negligence, must compensate deceased’s family – Electricity Consumer’s Protection group . Safety of lives is paramount to us – IBEDC   The Electricity Consumer’s Protection group and Ibadan Electricity Distribution Distribution Company (IBEDC) has bickered over the electrocution of a customer under IBEDC network in Ogun State. While the group accused the utiliyy firm of criminal negligence, which it alleged led to the death of one Mr Guda, thr company said it was doing everything within its power to unravel the real cause of the…

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Nigeria In Darkness As National Grid Collapses 3rd Time in 24 Days

Damilola Olonade

The last two collapses occured on March 14 and 15 2022   The Nigerian electricity transmission system also known as the national grid has collapsed again, plunging the Africa’s biggest economy into darkness. Platforms Africa reports that the latest collpase, which rocked the country on Friday evening, is the third time within the space of one month, and the fourth collapse in 2022. READ ALSO: JUST IN: National Grid Collapses Again 2nd Time in 24 hours, 3rd in 2022 I Am Angry With State of Nigeria’s Power Sector – Buhari…

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How IEDM Default in Polaris Bank Loan Caused Asset Takeover in IBEDC, 25 Banks – AMCON

Aliyu Aliyu

The Asset Man­agement Corpo­ration of Nigeria (AMCON) has given details of how it ex­ecuted the takeover of Integrated Energy Dis­tribution and Marketing (IEDM) Limited, the core investor of Ibadan Elec­tricity Distribution Com­pany (IBEDC), following a default in a loan servicing agree­ment executed with Polar­is Bank. Platforms Africa reports that the agency conveyed the change of baton in the electricity firm in a public notice, where it also disclosed that it had appointed Mr. Osayaba Giwa-Osagie (SAN) to take over the entire undertak­ings, assets of IEDM in­cluding shares and inter­ests in…

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