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
Dr Sanda By Favour Ifeoluwa & Akinola Ajibade The Federal High Court sitting in Abuja, yesterday ( Thursday), ordered the reinstatement of Dr Tunde Sanda led management team of Eko Electricity Distribution Company ( EKEDC) pendingt the determination of the suit seeking the interpretation of NERC’s Orders. However, EKEDP Chairman, Dere Otubu remains adamant as our investigation revealed that Dr. Sanda is yet to resume office despite the latest court order. The Chairman, Legal and Regulatory Compliance Board Committee of EKEDP, had via an Originating summons requested the Court to interpret NERC Directives, which the Chairman of EKEDP had based the recall of the Management team on. Recall that the Chairman of Eko Disco unilateral leleaved the Managing Director (/Chief Executive Officer alongside some senior staff of their duties in EKEDP and redeploy same to their parent company, WPG Limited, on the NERC Directive. The NERC order which come on the heels of an atte