Tinuade Sanda: Eko Electricity Fires MD/CEO Amidst Allegations

EKO HOT BLOG reports that West Power & Gas Limited, the parent company of Eko Electricity Distribution Plc (EKEDP), has announced the termination of Ms. Tinuade Sanda’s appointment as the former Managing Director/Chief Executive Officer (MD/CEO) of EKEDP.
The termination was communicated through a letter signed by the company’s chairman, Charles Momoh, on April 17, 2024.

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In accordance with clause 10.2 of her employment contract dated April 1, 2022, Ms. Sanda’s employment with WPG Limited was terminated, effective April 17, 2024.

As part of the termination process, the company has provided three months’ salary in lieu of notice and requested the return of all company properties, including laptops, identity cards, and official vehicles, that were in Ms. Sanda’s possession.

This action follows Ms. Sanda’s suspension by EKEDP on March 26, 2024, and her subsequent recall to WPG Limited, the parent company, from where she was originally seconded to the electricity distribution company.
The suspension was in compliance with a directive from the Nigerian Electricity Regulatory Commission (NERC) to the EKEDP board, instructing the suspension of all WPG Limited employees working with the company.

The directive may be connected to a petition by some concerned staff members of EKEDP to the Vice President, Senator Kashim Shettima; Independent Corrupt Practices and Other Related Offences Commission (ICPC); and the Economic and Financial Crimes Commission (EFCC) for intervention in the alleged endemic corruption in the management of the electricity distribution firm.

Eko Electricity Fires MD

Although the company had dismissed the allegation as unfounded, the accusers continued to push for an external investigation.

In a statement signed by the Board Chairman, Dere Otubu, the Board of Directors and Management of EKEDP cleared all staff members accused of corruption and other fraudulent practices, stating that the investigation into the ‘ghost workers’ allegations had been concluded and findings indicated that the allegations of fraud, negligence, or conspiracy against some members of staff were unfounded.

However, in compliance with the NERC directive, the Board Chairman directed Ms. Sanda to leave her position as MD/CEO of EKEDP, as she was also seconded from WPG. But the Director and Chairman, Legal and Regulatory Committee, Mr. Babor Egeregor, faulted the Board Chairman’s letter suspending the MD/CEO and others on secondment, insisting that Ms. Sanda remained the CEO of EKEDP.

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Following the directive, the MD/CEO, Chief Legal Officer, Chief Finance Officer, Chief Human Resources Officer, Chief Auditor, and Compliance Officer, and others on secondment at the company handed over their handover notes to their subordinates as directed.

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