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The Assets Management Corporation of Nigeria (AMCON) has taken over the Ibadan Electricity Distribution Company (IBEDC) Ltd over insolvency. The Chief Operating Officer (COO) Engineer John Ayodele disclosed this in a memo to members of staff intimating them of the development, The Nation gathered. Ayodele, in the January 20 memo, said the company fell under…

Against the backdrop of insolvency, the Assets Management Corporation of Nigeria (AMCON) has taken over the control of Ibadan Electricity Distribution

In a memo to the IBEDC members of staff, the Chief Operating Officer (COO), Engr John Ayodele disclosed the new development.

The Assets Management Corporation of Nigeria (AMCON) has assumed control of the Ibadan Electricity Distribution Company(IBEDC) Ltd