AEDC Appoints Okwuokenye as Acting MD
Abuja Electricity Distribution Company (AEDC) has announced the appointment of Mr Chijioke Okwuokenye as the acting Managing Director with immediate effect.
The appointment was announced in a statement issued by the Head, Marketing and Corporate Communication, AEDC, Mrs Adefisayo Akinsanya, in Abuja on Monday.
Akinsanya said that the appointment was part of the company’s transformation agenda to help position it as the foremost, customer-focused electricity distribution company in the country’ s power sector.
She said that Okwuokenye had, before his appointment, served as the company’s Chief Operating Officer, where he oversaw strategic support units and embedded the company’s generation projects.
He will bring his wealth of experience and expertise in the power sector as well as his passion for the attainment of the vision for the electricity supply industry.
Speaking on the appointment, Chairman of the company’s Board of Directors, Mr Stanley Lawson, described Okwuokenye as an experienced leader who had been part of the company’s transformation agenda.
Lawson said that the new managing was well suited to drive its corporate turn-around. I am confident that with his technical and commercial background, he will continue to drive value for all AEDC stakeholders,” he said.
The company also announced the appointment of Mr Olumide Jerome as the Chief Operating Officer. Before his appointment, Jerome had served as one of the company’s chief business officers.
According to Akinsanya, AEDC is an electricity company committed to delivering dependable electricity to millions of people across the Federal Capital Territory (Abuja), Kogi, Niger and Nasarawa states.
She said that in May 2023, a Transcorp-led consortium had become a core investor in AEDC, following its 60 per cent acquisition of the company’s shares.
”Since this strategic acquisition, the company has intensified efforts to upgrade sub-stations, expand distribution networks and integrate cutting-edge technologies to enhance power supply reliability and operational efficiency.
”AEDC prioritises customer experience and consistently strives to create value for all stakeholders, while contributing to the socio-economic development of the regions it serves,” she said. Money Market Rates Crash as FAAC Credit Boosts Liquidity
