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Finance minister reinstates sacked NBET boss, Amobi

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The Minister of Finance, Budget and National Planning , Zainab Ahmed , has reinstated embattled Managing Director of Nigeria Bulk Electricity Trading Company , Marilyn Amobi, who was earlier sacked by the Minister of Power, Sale Mamman .


In the reconstituted NBET board inaugurated by Ahmed , Amobi, whose tenure ends on July 24, 2020 , was announced as one of the board members in the capacity of Managing Director /Chief Executive Officer .


On two occasions, the
Minister of Power, Sale Mamman , had ordered Amobi to vacate the position of MD /CEO of NBET.
In her address at the inauguration of the reconstituted board , Ahmed said electricity was still being deregulated across the country .

 

The financeminister , who doubles as the Board Chairman of NBET, however, noted that the deregulation of electricity in Nigeria must evolve fast .

 

Ahmed , therefore, urged the board members to ensure all hands were on deck and that their tenure as the board in the transitional market trading arrangement should leave a good mark in the sands of time .
The President , Major – General Muhammadu Buhari (retd . ) had approved the reconstituted board of directors of NBET.

 

Members of the board include a non – executive director from the Ministry of Power, to be represented by staff, not below the level of a director; Mr. Alexander Okoh , as a non -executive director from the Bureau of Public Enterprises (80 per cent shareholder in NBET).
Others include Patience Oniha , Director – General , Debt Management Office , as non -executive director; Ben Akabueze , Director- General , Budget Office of the Federation, as a non – executive director.
Also appointed were Suleyman Ndanusa, former Director – General of Securities and Exchange Commission, as a non – executive director (Independent); Mustapha Shehu , former President , Nigeria Society of Engineers , as a non – executive director (Independent).

Adeyeye Adepegba was also appointed as a non – executive director (Independent); and Amobi, as MD / CEO .

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