Stay updated with breaking news from Patrickjn Ikwueto. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Future Energies Africa (FEA) has announced its takeover of the Kano Electricity Distribution Company (KEDCO), after instituting a court order to halt its sale to another company by the federal government. Recall that the Nigerian Electricity Regulatory Company (NERC) had in August said it received a request for ‘No Objection’ confirmation from Receiver Manager appointed…
The defendants include the Nigerian Electricity Regulatory Commission, BPE, Sahelian Power SPV Limited (in Receivership), Patrick J.N. Ikwueto (SAN) in his capacity as receiver manager of Sahelian Power, Fidelity Bank, KEDC Plc and Power Com Smartgrid Nigeria Limited.
There is confusion over who will take charge of the Kano Distribution company (KEDCO) after the resell of the 60 percent shares to the company to new owners. According to sources, the federal government has approved the sale of the company to Future Energies Africa (FEA) Limited but the Nigerian Electricity Regulatory Commission in an…