The Board of Directors of the Ibadan Electricity Distribution Company has relieved Mr Kingsley Achife of his appointment as the company’s Managing Director.
The board refused to renew Achife’s contract, naming Francis Agoha as the Acting Managing Director of the IBEDC effective from May 31.
Achife’s sack was contained in an internal memo dated May 31, a copy of which was sighted by our correspondent.
“Dear colleagues, the Board of Directors of the Ibadan Electricity Distribution Company wishes to inform the staff that it has decided not to renew the contract of the current Managing Director, Engineer Kingsley Achife.
“The Board expresses its deepest gratitude to Engineer Kingsley Achife for his contributions to the company and for laying the foundation for the ongoing turnaround.
“In light of this decision, the Board is pleased to announce the appointment of the most senior executive, Engineer Francis Agoha as the Acting Managing Director of IBEDC. Engineer Francis Agoha will assume leadership responsibilities with immediate effect and will work closely with the Board to ensure a smooth transition,” the memo read in part.
