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FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in
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Access Bank Names Agbede as CEO, Promises To Work With Her


By Favour Ifeoluwa & Akinola Ajibade


Access Bank Holdings has appointed Ms Bolaji Agbede as it's acting Chief Executive Officer.
This follows the death of its Managing Director, 
Herbert Wigwe, who died in helicopter crash in California, United States( US) recently.

In a statement, issued by Finance and Business Online Publisher ( FiPOB) and made to the media, the bank commiserated with the family and  colleagues of Late Wigwe, who recently established a University, in the country.

FiBOP said, “While our hearts remain heavy with grief over the untimely passing of Mr. Wigwe, we are confident that Ms. Agbede’s leadership will steer Access Holdings with grace, integrity, and unwavering commitment.

“Agbede’s extensive experience and stellar track record within the banking sector are testament to her exceptional leadership qualities.

“Having joined Access Bank in 2003, her journey from an assistant general manager to her recent appointment as the executive director of Access Holdings exemplifies her dedication, competence, and visionary leadership.

“As a University of Lagos alumna and with a distinguished career that spans various roles at Guaranty Trust Bank (GTB) and as the Chief Executive Officer of JKG Limited, Agbede brings a wealth of expertise and insight to her new role.

“Her tenure as the head of human resources for the Access Bank Group underscores her deep understanding of organizational development and human capital management, vital qualities for steering Access Holdings into its next phase of growth and success.

“FiBOP stands ready to offer our full support and cooperation to Access Holdings under Ms. Agbede’s leadership. We are committed to fostering a collaborative partnership that promotes transparency, accountability, and sustainable business practices within the financial sector.

“As Access Holdings embarks on this new chapter, we pledge our unwavering support to Ms. Agbede and the entire team, confident in their ability to uphold the values and legacy of Access Bank while charting a path towards continued excellence and innovation.

“Please accept our sincerest congratulations once again, and we look forward to witnessing the continued success and growth of Access Holdings under Ms. Agbede’s capable l

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