Eko DisCo Collected N14.9 Billion in March, N17.1 Billion in January – Tinuade

Bukola Olanrewaju April 2, 2024 ENERGY, Power Leave a comment

The Managing Director of Eko Electricity Distribution Company (EKEDC) Plc, Dr, Tinuade Sanda, has said that the distribution company collected N14.9billion as of March 28, 2024, and that the DisCo recorded a peak collection of about N17.1 billion in January 2024.

Sanda made the post in her Instagram to celebrate her second year anniversary in office yesterday as the Managing Director of Eko DisCo amidst controversy of her continued tenure as the head of the DisCo.

The Chairman of the Board of Eko Disco Plc, Dere Otubu, had in a letter titled: ‘Implementation of NERC Directive on Seconded Staff,’ dated March 25 and addressed to her, directed her removal as the MD/CEO of the DisCo and that she returns to WPG Ltd, the parent company of EKEDC, where Sanda was seconded from.

Subsequently, in a statement sent to journalists by the General Manager, Corporate Communications and Strategy, EKEDC, Mr. Babatunde Lasaki, the Disco’s board announced Mrs Rekhiat Momoh, as the Acting CEO of Eko DisCo. But the Director/Chairman, Legal and Regulatory Committee of EKEDP, Babor Egeregor, released a statement and insisted that Sanda remained the DisCo’s CEO and argued that her removal and replacement with Momoh by Otubu, was not in agreement with the directive of the NERC.

Also Read: Eko Disco Taps Veteran Rekhiat Momoh as Acting Chief Executive

Sanda in her Instagram post, on her second anniversary as the MD of the DisCo seen by Sunday Telegraph revealed many achievements of the DisCo.

She wrote: “I am filled with pride over our victories against all odds: achieving a record collection of N14.9 billion as of the 28th of March, 2024 and cutting ATC & C losses to 4 per cent. “Not to mention, our peak collection moment of N17.1 billion in a single month, achieved in January 2024, stands as a testament to our commitment and hard work. These milestones have significantly propelled our service and efficiency forward. “Following our recent strategy session in February 2024, we set an ambitious target for Aggregated Technical Commercial and Collection ( ATC & C) losses at 11.85 per cent.

Yet, we’ve surpassed expectations by achieving a remarkable single-digit rate of 4 per cent just a month later. “Inspired by Michelle Obama’s words, “When they go low, we go high,” we embrace resilience, firmly believing that no goal or challenge is insurmountable.”