WPG Sacked Former MD of Eko Disco
West Power & Gas Limited (WPG), the majority shareholder of Eko Electricity Distribution Company (EKEDC), has terminated the appointment of the former managing director of the Disco, Tinuade Sanda.
WPG is a limited liability company incorporated under the laws of the Federal Republic of Nigeria. The consortium acquired a 60 per cent stake and controlling interest in Eko Disco. Treasury Bills Yield Crossed 25% Ahead of CBN Auction
Recall that following a directive from the Nigerian Electricity Regulatory Commission (NERC), Sanda was relieved of her appointment as the MD/CEO of EKEDC a few weeks ago. Sanda was earlier seconded to the Disco and had returned to WPG when she was removed as EKEDC MD. Rekhiat Momoh was appointed as Sanda’s replacement.
In a new twist and according to a letter dated April 17, 2024, which was signed by the chairman of WPG, Charles Momoh, the company explained that effective April 17, 2024, Sanda was no longer an employee of the company.
The letter read in part, “We refer to your contract of employment dated April 1, 2022, signed between you and WPG Limited. We hereby advise you that your service is no longer required and accordingly your employment with WPG Ltd is hereby terminated effective April 17, 2021, by clause 10.2 of the Contract.
WPG is obligated to pay you three months’ salary instead of notice and hereby advises you that the due amounts have been credited to your account.
You are requested to kindly return all the company’s properties (whether WPG or EKEDP) in your possession which will include but not be limited to laptops, identity cards, and status cars upon your receipt of this letter.’’
Meanwhile, in a letter by EKEDC to the new MD, the company urged her to reposition the company and take it to profitability. ‘‘We kindly wish to update you on the implementation of management changes approved by the Board to ensure that all staff of Eko Disco are direct employees of the Disco. The Company must move past this unfortunate period with unity both in management and the Board with a new MD.”
