Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has charged members of the Management Board of the Yola Electricity Distribution Company (YEDC) to shun personal and sectional interests in the discharge of their duties.
According to Head, Public Communications, Amina Tukur Othman, in a statement, Mr. Okoh said this while inaugurating the Board of the company in Abuja.
The BPE helmsman reminded the board members that they were trustees of the company, urging them to exercise their powers with honesty and diligence.
“As Directors, you are trustees of the company’s finances and properties which you must account for in the exercise of your duties with honesty for the interest of the company and the shareholders and not your own interests”, he warned.
He noted that as those responsible for the running of the company, they should endeavour to at all time act in the best interests of the Company; among others.
Responding on behalf of other members, the Chairman, Mr. Ayodeji Gbeleyi commended the government for the confidence reposed in them and pledged to discharge their duties diligently.
Ayodeji expressed appreciation for his appointed the chairman of the Board and commended the Management of Yola Disco for successfully running the affairs the company since the management reverted to the federal government on June 1, 2015.
The core investor-Integrated Energy Distribution & Marketing Limited (IEDM) had declared force majeure on the DisCo due to insurgency activities in the region prompting the federal government to take over the management of the power company.
Members of the management board are Mr. Ayo Gbeleyi (Private member), Chairman, Mr. Alex Okoh, Director General, BPE, (representing the BPE), Mr. Mahmud Isa-Dutse (Permanent Secretary, Federal Ministry of Finance, Mr. Louis O.N Edozien (Permanent Secretary, Ministry of Power),Mrs. Grace Papka (Private member), Mr. Baba Umara Mustapha (MD/CEO, Yola DISCO); and Iliya John (Secretary).
It would be recalled that the National Council on Privatisation (NCP) at its 6th meeting for 2018, held on December 16, 2018, charged the Bureau of Public Enterprises (BPE) with the responsibility of inaugurating the Board of the Yola DISCO.
