- The new management follows Fidelity bank’s takeover of the company.
- NERC appointed the new MD/CEO.
The Nigerian Electricity Regulatory Commission (NERC) has appointed new management for the Kano Electricity Distribution Company Plc (KEDCO). Mr Ahmed Dangana has been made the new managing director and chief executive officer (MD/CEO) of the power distribution company.
Likewise, it approved the appointment of Hassan Tukur, a former diplomat, as the chairman of the company’s board of directors. Other members of the board are; Nelson Ahaneku, Rabiu Suleiman, Amaechi Aloke and Bashir Gwandu. In a statement on Thursday, the KEDCO’s Head of Corporate Communication, Sani Shawai, said the new appointments followed the Nigerian government’s restructuring of five electricity distribution companies (DisCos) following Fidelity Bank’s takeover of three of the DisCos.
He said the development led to the dissolution of KEDCO’s board of directors. “In this regard, NERC and BPE approved Mr Dangana, a seasoned management consultant and a business turnaround specialist, as the new MD/CEO of the company,” the statement said.
The spokesperson said Mr Dangana would consolidate on the achievements of the past management to improve operational efficiency and deliver long-term value to the company by reducing Aggregate Technical, Commercial and Collection (ATC&C) losses and improving the company’s revenue base.