The Assets Management Corporation of Nigeria has taken over the Ibadan Electricity Distribution Company.
Our correspondent gathered that the development was announced to workers of the electricity distribution company by the Chief Operating Officer, John Ayodele, in a memo dated January 20, 2022.The development was said to have triggered panic among the workers but the chief operating officer assured them that their jobs were secure.
The memo read, “Further, to the judgement wherein the Federal High Court on September 8, 2021, granted preservative orders in favour of Asset Management Corporation, AMCON, , the court has appointed Mr Kunle Ogunba SAN to act as receiver/ manager nominee in the receivership action. “Based on the foregoing the receiver/manager came in today January 20, 2022 to the IBEDC headquarters to take charge formally and subsequently met with the management team. Therefore, I hereby wish to inform all staff that there is no cause for alarm.
After una mortgage their future abi. wicked souls
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