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Barth Nnaji sacks four CEOs of PHCN

By on August 2, 2011

Minister of Power, Barth Nnaji on Monday sacked four Chief Executive Officers (CEOs) of Power Holding Companies of Nigeria (PHCN), a move that swiftly set jitters down the spine of the top management staff of the company.

Those affected include Justus Obilomo of the Eko Electricity Distribution Company (Dicso), and his counterpart in Ibadan Disco, Oladele Adeola.

Others are George Chiatula of Benin Distribution Comapny, and Kosiso Nwaokoro of the Jos Distribution Company.

Nnaji had earlier talked tough to the management charging them to work hard in the bid to ensure that the power agenda of President Goodluck Jonathan is realized.

A statement issued by the media chief to the minister, Ogbuagu Anikwe maintained that this move was to strengthen the capacity of distribution companies to serve the public better.

The statement added that the four affected CEOs have been replaced.

“The minister named their replacements as Engr. Oladele Amoda (Eko Distribution Company), Engr. Bolaji Mofoluso Oyesiku (Ibadan Distribution Company), Dr. Effiong Umoren (Benin), and Mrs. Vera Ngozi Osuhor (Jos),” the statement read.

Nnaji had told the top level managers of the power generation, transmission and distribution companies in a meeting last Monday that those who fail to perform and consistently miss their service level agreement targets would be replaced, to underscore government’s seriousness to pursue the reform agenda robustly.

“The minister later met with the new CEOs and congratulated them on their appointments,” Anikwe said.

Nnaji added that the government’s expectation is that they would live up to expectation.

According to him, “Government needs to see actual performance from us both in terms of network operations and revenue collection; I trust you will justify the confidence that we have in you with your appointments,” he said.

The minister also told the CEOs that the government would hold them responsible for meeting the service level agreements already subsisting in their various companies.