Kingsley Achife has ceased being the Managing Director of Ibadan Electricity Distribution Company (IBEDC).
His dismissal was announced in a memo by the Board of Directors of the Ibadan Electricity Distribution Company.
The board failed to renew Achife’s contract and have since named Francis Agoha as the acting Managing Director of the IBEDC effective from May 31.
“Dear colleagues, the Board of Directors of the Ibadan Electricity Distribution Company wishes to inform the staff that it has decided not to renew the contract of the current Managing Director, Kingsley Achife,” the memo read.
“The Board expresses its deepest gratitude to 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, 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.”
The board gave no reason for the dismissal but it is guessed to be linked with complaints about the performances of the DisCo among its contemporaries in the nation.
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