Wednesday, May 22, 2024
The former Managing Director of Nigerian Bulk Electricity Trading Plc (NBET), Marilyn Amobi.
The former Managing Director of Nigerian Bulk Electricity Trading Plc (NBET), Marilyn Amobi.

FG sacks Nigerian Bulk Electricity Trading MD, names successor

The Nigerian Bulk Electricity Trading Managing Director, Marilyn Amobi, has been sacked by the Federal Government.
The former MD was replaced by the company’s General Counsel and Secretary, Nnaemeka Eweluka.

It would be recalled that in December 2019, the Minister of Power, Sale Mamman, ordered her to vacate the position.

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But in January this year, President Muhammadu Buhari overruled the dismissal of Amobi as NBET’s boss in a memo issued by the Secretary to the Government of the Federation, Boss Mustapha, in which the embattled MD was directed to return.

After the return order, the NBET was reportedly moved from the Federal Ministry of Power to the Federal Ministry of Finance.

But on Monday, the power minister again upheld the dismissal of Amobi, ordering her to hand over to the agency’s new managing director.

According to his Special Adviser on Media and Communications, Aaron Artimas, in a statement, the power minister stated that the removal of Amobi was part of the reorganisation process in the sector.

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The statement read in part, “In furtherance of the reorganisation/realignments in the power sector, the Minister of Power, Sale Mamman, announces the appointment of a new Managing Director for the Nigerian Bulk Electricity Trading, Plc.

“He is Dr Nnaemeka Eweluka, the company’s General Counsel and Secretary. He is to succeed Dr Marilyn Amobi, as substantive Managing Director/CEO, while the former MD is to handover and proceed on terminal leave with immediate effect.”

The statement noted that Buhari had earlier approved the recommendation to this effect.

It said, “Eweluka, a lawyer comes to this position with over 21 years experience, spanning private practice, academics, and the power sector.

“He is a specialist on privatisation and legal energy reforms as well as a member of the Chartered Institute of Arbitration.”