It demanded immediate convening of the board session to address emerging issues.
The letter reads in part: “The Honourable Minister and Chairman of NBET would kindly recall the recent development in NBET and specifically the suspension of the managing director and the appointment of an acting managing director to oversee the affairs of the company. “NBET manages the power market. It purchases electricity from power Generating Companies through PPA and resells to electricity DisCos through vesting contracts.
Although the Vice President acknowledged Adeosun’s letter on August 9, 2018, the NBET board has not met in the last 14 months. “This has become imperative given the strategic importance of the company in the repositioning of the sector and delivering the benefits to Nigerians that may arise from the contractual obligations and guarantees NBET issues and manages.
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