IBEDC Board Fires Achife As MD

The Board of Directors of the Ibadan Electricity Distribution Company has sacked Kingsley Achife as the company’s Managing Director.

The board refused to renew Achife’s contract, naming Francis Agoha as the acting Managing Director of the IBEDC effective from May 31.

Achife’s sacking was contained in an internal memo dated May 31.

“Dear colleagues, the Board of Directors of the Ibadan Electricity Distribution Company wishes to inform the staff that it has decided not to renew the contract of the current Managing Director, Kingsley Achife.

“The Board expresses its deepest gratitude to Kingsley Achife for his contributions to the company and for laying the foundation for the ongoing turnaround.

“In light of this decision, the Board is pleased to announce the appointment of the most senior executive, Francis Agoha as the Acting Managing Director of IBEDC. Engineer Francis Agoha will assume leadership responsibilities with immediate effect and will work closely with the Board to ensure a smooth transition,” the memo read in part.

The IBEDC board said it remained committed to delivering reliable electricity services to its customers and stakeholders.