General
Abuja Disco Transitions to Holdco Structure, Forms Two New Subsidiaries
By Adedapo Adesanya
Abuja Electricity Distribution Plc has announced its transition into a Holding Company structure, effectively breaking into two subsidiaries.
This is part of moves aimed at strengthening its capacity to operate effectively within Nigeria’s evolving electricity market and the newly decentralised regulatory environment.
In a statement, the Holdco said restructuring followed the enactment of the Electricity Act of 2023, which empowers state governments to establish independent electricity markets and regulatory commissions.
AEDC said it had realigned its corporate structure to enhance operational agility, improve governance, and support efficient service delivery across its franchise areas.
As part of the transformation, AEDC incorporated two new subsidiary companies — Niger Electricity Distribution Company and Kogi Electricity Distribution Company.
Prior to the new development, AEDC distributes electricity to the Federal Capital Territory (FCT) and parts of Niger, Kogi, and Nasarawa states.
As a result, the new subsidiaries will operate under the Niger State Electricity Regulatory Commission and the Kogi State Electricity Regulatory Commission, respectively, while remaining integral members of the wider AEDC Group.
It added that plans were underway to commence operations in Nasarawa State, with the transition process expected to begin soon.
The company also announced key executive appointments, naming Mr Sam Odekina as Chief Business Officer and Acting Managing Director of Niger Electricity Distribution Company, and Mr Desmond Eboh as Chief Business Officer and Acting Managing Director of Kogi Electricity Distribution Company.
The Managing Director/Chief Executive Officer of AEDC, Mr Chijioke Okwuokenye, said the HoldCo structure positions the company to respond to state-specific regulatory requirements while preserving the Group’s unified identity, shared values, and commitment to operational excellence and customer service.
According to him, all subsidiaries will operate as one integrated AEDC family, with uniform Conditions of Service for employees to ensure workforce stability and fairness.
“The HoldCo structure aligns perfectly with our goal to enhance operational efficiency and adapt to Nigeria’s evolving energy landscape while exploring new opportunities, driving growth, and contributing to Nigeria’s energy sector development,” Mr Okwuokenye said.
“We are committed to maintaining our high standards of service, innovation, and customer focus, even as we evolve into a new structure,” he added.
The company also noted that the recently executed Conditions of Service apply uniformly to all employees across the parent company and its subsidiaries, underscoring its commitment to workforce stability, fairness, and alignment during the transition.
AEDC also reaffirmed its commitment to supporting the development of sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability, and customer experience across its operations.
General
Tinubu Must Ask Whereabouts of Missing N2.9bn from NIGCOMSAT, NNRA—SERAP
By Adedapo Adesanya
President Bola Tinubu has been tasked to ensure that an alleged missing N2.9 billion of public funds from the Nigerian Communications Satellite Limited (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA) is accounted for.
In a statement on Sunday, the Socio-Economic Rights and Accountability Project (SERAP) said the President must ask the Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, to explain what happened to the money, as the two agencies are under his supervision.
The group said the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), should investigate the missing funds or any other diverted funds from the agencies documented in the previous annual reports by the Auditor-General.
According to the statement, the allegations were documented in the latest annual report published by the Auditor-General on September 9, 2025.
SERAP argued that these allegations, involving critical public institutions, represent a grave violation of the public trust and a fundamental breach of Nigeria’s anti-corruption laws and international obligations.
“We’ve urged President Bola Tinubu to direct @bosuntijani, Minister of Communications, Innovation and Digital Economy, and the Management of both the Nigerian Communications Satellite Ltd (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA) to account for and explain the whereabouts of the alleged missing or diverted N2.9 billion of public funds from NIGCOMSAT and NNRA.
“We also urged him to direct Mr Lateef Fagbemi, SAN, the Attorney General of the Federation and Minister of Justice and anti-corruption agencies to investigate the alleged missing or diverted funds, and any other diverted public funds from the two agencies documented in previous annual reports by the Auditor-General,” the organisation said.
The rights group stressed that anyone found responsible should be prosecuted where sufficient admissible evidence exists, adding that any missing or diverted public funds must be fully recovered and returned to the treasury.
“Anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing or diverted public funds should be fully recovered and remitted to the treasury,” the statement added.
“Accountability in NIGCOMSAT and NNRA is critical given their strategic roles in Nigeria’s digital economy and national safety systems. Mismanagement in these agencies not only wastes scarce public resources but also threatens national development, technological progress, and public safety,” it concluded.
General
IHS Nigeria Revamps National Museum Lagos
By Dipo Olowookere
The National Museum in Lagos is wearing a new look, thanks to IHS Nigeria, a member of the IHS Holding Limited, which bankrolled the renovation of the facility.
The company, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, also ensured facilities at the museum were upgraded for the use of members of the public.
IHS Nigeria collaborated with the National Commission for Museums and Monuments to give the facility a facelift.
The overall aesthetic appeal of the museum site was improved, with an extensive restoration of the main gallery, which incorporates the installation of modern display and lighting systems, air‑conditioning units, a solar inverter system to enhance energy efficiency, and surveillance cameras to aid safety, security and operational performance across the facility.
The Minister of Art, Culture, Tourism and the Creative Economy, Ms Hannatu Musawa, at the commissioning, praised the organisation for supporting the long-term preservation of Nigeria’s cultural assets and heritage.
The Director General of the National Commission for Museums and Monuments, Mr Olugbile Holloway, also thanked IHS Nigeria for the renovation, saying the gesture goes far beyond bricks and mortar, as it is a profound commitment to preserving the soul of the nation.
“The National Museum Lagos is home to some of Nigeria’s most treasured antiquities, from the ancient terracotta of the Nok civilisation to the magnificent bronzes of the Benin Kingdom and the classical works of Ife.
“To restore this institution is to restore our collective memory. We thank HIS Nigeria for choosing to renew not just infrastructure, but the heritage, identity, and hope of our people.
“Their support ensures that generations of Nigerians yet unborn will walk through these halls and encounter the full greatness of who we are and where we come from,” Mr Holloway said.
In his remarks, the chief executive of IHS Nigeria, Mr Mohamad Darwish, said, “Having seen the rich historical and cultural heritage housed in this national museum complex, we believed it was important to go a step further after supporting the development of the digital museum, to also improve the aesthetics, security and structural integrity of the main physical complex.
“This aligns with our broader commitment to sustainable infrastructure development and the preservation of Nigeria’s history. I am proud of these renovations and that visitors, including tourists, researchers and art enthusiasts, can visit the museum to be immersed in Nigeria’s rich history in an environment that is safe, beautiful and welcoming.
“The artefacts can also now be better preserved, protected and presented in a way that celebrates the history they represent. I thank the National Commission for Museums and Monuments for this ongoing partnership, which continues to exemplify the power of a collaborative effort in driving innovation, fostering national pride, and enhancing the creative economy.”
General
Kebbi Attack Claims 44 Lives Across Eight Communities
By Adedapo Adesanya
The Kebbi State Police Command says 44 people were killed following a coordinated attack on eight communities in Shanga Local Government Area of the North-Western state.
The affected villages include Gebe, Kalkami, Kawara, Kasoshi, Awaye, Tungar Rini, Binuwa, and Dabe.
In a statement issued on Friday, the Kebbi Police Command Public Relations Officer, Mr Bashir Usman, said it launched a statewide clearance operation.
Mr Usman said the operation followed the directive of the Inspector-General of Police (IGP) Olatunji Disu, aimed at preventing further banditry and violent crimes across the state.
The police stated that massive deployments of police personnel and other security agencies have been made to the affected communities, leading to the return of relative calm.
The command added that discreet investigations have commenced into the attack.
The ongoing clearance operation, according to the police, is targeting high-risk areas such as farmlands, forests, border communities, and remote settlements.
It also includes coordinated patrols, intelligence-led stop-and-search operations, and joint actions with other security agencies.
As part of the operation, the police said two AK-47 rifles were recovered along the Illo-Kamba axis, describing it as evidence of the effectiveness of intelligence-led policing.
The Commissioner of Police in the state, Mr Umar Hadejia, called on residents to remain vigilant and cooperate with security agencies by providing timely and credible information.
Mr Hadejia also urged traditional rulers, community leaders, religious bodies, and youth groups to support ongoing efforts to restore peace and strengthen security across the state.
Residents had reportedly appealed to President Bola Tinubu and Kebbi State Governor Nasir Idris to take decisive action to restore security in the area and enable displaced residents to safely return to their homes.
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