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IBEDC terminates MD, Achife’s appointment, names replacement

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IBEDC News

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The Board of Directors of the Ibadan Electricity Distribution Company, IBEDC, has terminated the appointment of the firm's Managing Director, Mr Kingsley Achife. The company also named Francis Agoha as the Acting Managing Director, effective from May 31.

The Board of Directors of the Ibadan Electricity Distribution Company, IBEDC, has terminated the appointment of the firm's Managing Director, Mr Kingsley Achife. The company also named Francis Agoha as the Acting Managing Director, effective from May 31. The development was announced in an internal memo dated May 31, 2024, signed by IBEDC management.

'The Board expresses its deepest gratitude to Engineer Kingsley Achife for his contributions to the company and for laying the foundation for the ongoing turnaround. 'In light of this decision, the Board is pleased to announce the appointment of the most senior executive, Engineer Francis Agoha as the Acting Managing Director of IBEDC. *Engineer Francis Agoha will assume leadership responsibilities with immediate effect and will work closely with the Board to ensure a smooth transition.

 

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