Fidelity bank set to take over boards of Kano, Benin, Kaduna DISCOs
Fidelity Bank said it planned to take over the boards of Kano, Benin and Kaduna Distribution Companies (DISCOs) and to collateralise their shares. | Pulse Nigeria
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Fidelity Bank said it planned to take over the boards of Kano, Benin and Kaduna Distribution Companies (DISCOs) and to collateralise their shares. | Pulse Nigeria
The federal government says Fidelity Bank Plc has commenced plans to finalise the takeover of Benin, Kano and Kaduna DisCos.
The bank is considering a takeover of more disCos. | Pulse Nigeria
"Also, with the takeover of Ibadan DISCO by AMCON, the BPE has obtained approval from NERC to appoint Kingsley Achife as the interim managing director."
Nigerian government with Fidelity Bank and AMCON take over the affairs of five electricity distribution companies, also known as DISCOs