Categories: NewsNigeria News

Presidency Denies Sack Of AEDC Management

Presidency has denied sack of AEDC management.

Glamtush reports that the Presidency last night denied the report that President Muhammadu Buhari ordered the sack and replacement of the management of the Abuja Electricity Distribution Company (AEDC).

This online platform recalls that a report credited to the Minister of State for Power, Prince Jeddy Agba had stated that President Buhari ordered the sack and replacement of the management of the Abuja AEDC.

A statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu read, “The Presidency wishes to react to a news item making the rounds, credited to the Minister of State for Power that President Muhammadu Buhari has ordered the sack and replacement of the management of the Abuja Electricity Distribution Company, AEDC.

“This cannot be true. Since the privatization of the Power Sector in 2013, the management of the successor companies has reverted to the new owners.

“It is, therefore, totally out of place and inconceivable that the President would be linked to the management of a private organization, let alone sacking it.

“It is gladdening to note that the minister quoted in the statement has himself distanced himself from it.

“The Presidency, therefore, wishes to state expressly and reassure investors in the economy that President Buhari did not order the sack of the management of AEDC, neither does he intend to interfere in the running of the affairs of private business entities.

“The Presidency, however, welcomes ongoing discussions with relevant stakeholders to resolve the issues surrounding the recent developments in the company.”

Angela Davies

Recent Posts

Ekiti Governor Honours Primate Ayodele’s Late Father, Names Street After Him

The governor of Ekiti state, Biodun Oyebanji has honoured Primate Elijah Ayodele’s late father by…

11 hours ago

Star Life: Saras & Kumud Teasers November 2024

Star Life's new series, Saras & Kumud teasers November 2024, can be accessed below.  …

20 hours ago

Polaris Bank Clinches “Best Mobile App” Award At Digital Jurist Awards 2024

Polaris Bank clinched the "Best Mobile App" award at the Digital Jurist Awards 2024.  …

21 hours ago

Access Holdings’ Total Assets Grows to ₦41.1 Trillion in Q3

Access Holdings’ total assets grew to ₦41.1 trillion in Q3.   Glamtush reports that Access…

21 hours ago

Nigeria Ranks Fifth Globally In Daily Social Media Usage (FULL LIST)

Nigeria has been ranked fifth globally in daily social media usage.   Glamtush reports that…

22 hours ago

Saras & Kumud Premieres On Star Life (Synopsis, Full Story, Casts)

Saraswatichandra, retitled Saras & Kumud, is Star Life’s upcoming series, which is a shift from…

22 hours ago