CEC Africa Investment Limited , a major shareholder of Abuja Electricity Distribution Company said Xerxes Global Investment Ltd failed to pay part of a $41 million equity contribution for both firms to acquire AEDC.
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My goodwill paved way for AEDC’s acquisition -- Amb. Malami – Daily TrustA shareholder and Chairman of the Abuja Electricity Distribution (AEDC), Ambassador Shehu Malami has said it was his goodwill that paved way for the acquisition of the DisCo during the 2013 privatisation. In a statement yesterday, Malami who was reacting to reports about AEDC shareholders’ disputes dismissed claims that KANN Utility Company Limited, the shareholders’ … aedcelectricity is a sincere failure to the residence of FCT bcos there is no power, power is getting worst than ever.
Source: Daily Trust - 🏆 13. / 51 Read more »