Nigeria In One Minute
FG, Discos on Collision Course over Appointment of Non-Executive Directors
The federal government and the 11 electricity distribution companies are heading for a collision over the plan by the Federal Ministry of Power, Works and Housing to inaugurate and appoint two non-executive directors for each of the 11 Discos, THISDAY has learnt.
THISDAY gathered that the planned inauguration, which the discos have described as illegal, was supposed to take place on Monday at the Transmission Company of Nigeria (TCN) Building in Abuja but the event was abruptly cancelled at the venue and suspended indefinitely.
A chief executive officer of one of the Discos told THISDAY Monday on condition of anonymity that the planned inauguration was an act of illegality and not consistent with extant regulations.
He said the federal government might have cancelled the event when it realised its illegality at the last minute.
THISDAY, February 20, 2018
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