President MBuhari has approved the recommendation of the Hon. Minister of Power , Engr S. Mamman for the Appointment of Dr. Nnaemeka Eweluka as the substantive MD/CEO for the Nigeria Bulk Electricity Trading Company (NBET).

The Minister of Power, Engr. Sale Mamman, has announced Dr. Nnaemeka Ewelukwa as the new Managing Director/CEO for the Nigerian Bulk Electricity Trading PLC (NBET).

Ewelukwa replaces Dr. Marilyn Amobi whose tenure elapses in July 2020.

A statement by the minister’s spokesman, Aaron Artimas, on Monday said, the new appointment was in furtherance of the reorganization and realignments in the Power Sector.

Until his appointment, Dr. Ewelukwa was the company’s General Counsel and Secretary.

“He is to succeed Dr. Marilyn Amobi, as substantive Managing Director/CEO, while the former MD is to handover and proceed on terminal leave with immediate effect.

“President Muhammadu Buhari had earlier approved the recommendation to this effect,” Engr. Mamman said in the statement.

Daily Trust reports that Engr. Mamman had in December 2019 directed that the erstwhile MD, Dr. Amobi stepped down over myriads of complaints.

The minister also raised a five man committee to investigate the complaints against Amobi that include overriding superior officers’ decisions.

Barely 24 hours after the directive was issued, NBET confirmed in a statement that Dr. Ewelukwa, a General Manager, and the pioneer General Counsel and Company Secretary at NBET took charge of the agencies’ operations.

Dr. Ewelukwa has been there at the establishment of NBET by the Federal Government of Nigeria (FGN) as a bulk electricity trader in the nascent electricity market.

Ewelukwa has been part of the executive management team at NBET and has over 20 years of professional experience spanning private practice, academia and currently, public service.

Prior to joining NBET, he served as a Technical Adviser on electricity regulatory and transaction issues with the Presidential Task Force on Power (PTFP) set up by the federal government to lead the implementation of the reform roadmap for the power sector.

He has led NBET’s negotiations with Independent Power Producers (IPPs) and the development of Power Purchase Agreements (PPAs} at NBET, paving the way for billions of dollars in additional private sector investments in the electric power sector.

Dr Ewelukwa is also a co-author of three globally acclaimed handbooks on electricity transactions.

A qualified lawyer by training, Dr. Ewelukwa holds an undergraduate law degree from the University of Nigeria, a Master of Laws degree in International Business Law, from the London School of Economics and Political Science (LSE} and a PhD in Law from Queen Mary, University of London, with specialization on privatization and the legal reform of the Nigerian power sector.

He is also a member of the Chartered Institute of Arbitrators.

https://www.dailytrust.com.ng/ewelukwa-heads-nbet-as-marilyn-proceeds-on-terminal-leave.html/amp?__twitter_impression=true

Good development

Another Northerner from Daura..

How are we sure is Buhari that made this appointment

All this their audio titles sef.
Which one be Nigeria bulk electricity?, wetin bulk dey find for there..ehn?,Buhari wetin sef??

The position is of no significance

Ife sie ike, achoba ndi IGBO

This company is as useless as queue in the word queue.. nobody knows this company so they can afford to put a Igbos as the head... When he appoints a southerner as NERC or TCN head, then we will discuss.

Shocked

Martahi:
How are we sure is Buhari that made this appointment

But if he was sacked, you would be sure it was Buhari

VOTE GAMBARI FOR PRESIDENT

Ogonimilitant:
The position is of no significance

oga.

DonFreshmoney:
This company is as useless as queue in the word queue.. nobody knows this company so they can afford to put a Igbos as the head... When he appoints a southerner as NERC or TCN head, then we will discuss.

That is the agency that sells electricity to the discos.

It buys from TCN and sells to the discos. It is a very important link in the electricity value chain.

Insignificant position.

Which one be bulk electricity again?
NERC and TCN is the real deal :-

agabusta:


That is the agency that sells electricity to the discos.

It buys from TCN and sells to the discos. It is a very important link in the electricity value chain.

Very true...though my problem with NBET is that it's existence means that technically speaking there is a 'subsidy' on power...which makes it difficult for DISCOS and GENCOS to raise funds.

Mr bubu

9ja Bet abi na wetin

NBET is the shortform of 9ja Bet

Everytime Buhari appoints .. is alright o. Congrats to the appointed



Anyway come and buy kids Educational Tablets for your your children to help them stay ahead of their peers view my profile now

9th Bet

that NBET is synonymom with naijaBET.
I thought it was about bet

First, he recommended Ngozi Okonjo and now this one. Mbanu, they haff replaced the Buhari we used to know in Aso Villa.

So what does NBET do in essence?

agabusta:


That is the agency that sells electricity to the discos.

It buys from TCN and sells to the discos. It is a very important link in the electricity value chain.

They only serve as intermediary, they have no regulatory powers therefore they quite insignificant in the scheme of things!

Ha!! I think say na Nairabet sha
If u think say na something related to bet gather here

DonFreshmoney:
This company is as useless as queue in the word queue.. nobody knows this company so they can afford to put a Igbos as the head... When he appoints a southerner as NERC or TCN head, then we will discuss.

NBET buys power and resells to the DISCOS.

It is the reason why the DISCOS aren't the ones in charge of the prices they charge for power, which while bad for business,(in essence low prices means DISCOS run at a loss, and by extension GENCOS) keeps power prices realtively low.

And to be honest, I won't want to head TCN now. That organisation has a lot on its plate. An out of date transmission system for starters.

agabusta:


That is the agency that sells electricity to the discos.

It buys from TCN and sells to the discos. It is a very important link in the electricity value chain.

why not the DISCOS buy directly from TCN?

RUBBISH!

BULK THAT WON'T REACH THE MASSES