NCP said this on Wednesday in a statement signed by Alex Okoh, director-general, Bureau of Public Enterprises .Fidelity Bank Plc commenced plans to finalise the takeover of Benin, Kano, Kaduna, Ibadan, and Port Harcourt electricity distribution companies .
Meanwhile, on July 7, the management of BEDC issued a statement, saying “any attempt by Fidelity Bank and/or BPE to intervene in BEDC in the manner being reported will be illegal, unlawful and will be resisted”. “Following this unfortunate development, it has become imperative for [the] council to educate both the staff of BEDC and the public; particularly those within the BEDC franchise area comprising Edo, Delta, Ondo, and Ekiti states of the steps taken by the federal government regarding the board composition of the various electricity distribution companies across the country which were concluded on the 5th of July, 2022.
It, therefore, stressed that the board composition of both BEDC and the other four DisCos “was concluded on the 5th July, 2022, three days before the purported court order”.