Eko Electricity Distribution Company
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Eko Electricity Distribution Company Plc (EKEDC), commonly known as Eko DisCo, is one of Nigeria's eleven electricity distribution companies, serving parts of Lagos and Ogun States.[1]
History
[edit]EKEDC was founded after the unbundling of the Power Holding Company of Nigeria under the Electric Power Sector Reform Act and was privatized in November 2013 alongside other DisCos.[2] Initially owned by West Power & Gas (WPG), in January 2025 Transgrid Enerco, a consortium of North‑South Power, Axxela, and Stanbic Infrastructure Growth Fund, signed an agreement to acquire a 60% stake in EKEDC.[3][4]
In mid-2024, the Federal Competition and Consumer Protection Commission warned EKEDC (along with Ikeja DisCo) to pause the replacement of Unistar prepaid meters amid compliance concerns.[5][6] In July 2021, a consumer group sued EKEDC and Ikeja over estimated billing practices.[7]
In March 2025, it reported that Nigerian Army personnel assaulted staff and damaged equipment at its Badagry substation during a power upgrade.[8]
Board disputes
[edit]In April 2024, EKEDC's parent company WPG dismissed its first female managing director, Dr. Tinuade Sanda, following internal board disputes initiated after a NERC directive to end secondment arrangements.[9] Rekhiat Momoh was subsequently appointed Acting CEO.[10] In early 2024, the Nigerian House of Representatives investigated alleged boardroom conflicts, citing the federal government's 40% stake as a reason for oversight.[11]
References
[edit]- ^ Wahab, Akinbayo (22 January 2025). "Transgrid signs agreement to acquire Eko DisCo". Vanguard News. Retrieved 22 June 2025.
- ^ https://ibedc.com/assets/img/statements/ibedc-2016-audited-financial-statements.pdf [bare URL PDF]
- ^ Wahab, Akinbayo (22 January 2025). "Transgrid signs agreement to acquire Eko DisCo". Vanguard News. Retrieved 22 June 2025.
- ^ Aro, Busola (1 January 2025). "Report: Eko DisCo to sell majority stake to North-South Power-led consortium". TheCable. Retrieved 22 June 2025.
- ^ Adegboyega, Ayodeji (13 November 2024). "FCCPC warns Ikeja, Eko DisCos to halt meter replacement amid compliance concerns". Premium Times. Retrieved 22 June 2025.
- ^ Omiyale, Aduragbemi (13 November 2024). "Again, FCCPC Warns Ikeja Electric, EKEDC Against Phasing Out UniStar Meters". Business Post Nigeria. Retrieved 22 June 2025.
- ^ "Group sues Ikeja, Eko DisCos over failure to cap estimated billing". Premium Times. Retrieved 22 June 2025.
- ^ Olawin, Dare (16 March 2025). "Army attacks Eko Disco substation over power outage". Punch Newspapers. Retrieved 22 June 2025.
- ^ "After Her Recall from Eko Disco, Power Firm's Parent Company, WPG, Fires Tinuade Sanda – THISDAYLIVE". www.thisdaylive.com. 22 April 2024. Retrieved 22 June 2025.
- ^ Online, Tribune (28 March 2024). "Appointment of Rekhiat Momoh as acting MD/CEO, plus to EKEDC — Former NUEE Scribe". Tribune Online. Retrieved 22 June 2025.
- ^ "Reps wade Into Eko Disco's lingering crisis". Daily Trust. 17 May 2024. Retrieved 22 June 2025.