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IBEDC Appoints New MD, Pledges Better Service

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Ibadan Electricity Distribution Company has named Mr Francis Agoha as its new Acting Managing Director.

IBEDC noted that this is a sequel to the expiration of Mr Kingsley Achife’s tenure, which will not be renewed.

The company insisted that this is a decisive step forward and a significant change in its leadership and strategic direction.

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This is contained in a Monday statement titled, “IBEDC’s Announces New Leadership and Strategic Direction.”

According to the statement, these appointments signify IBEDC’s commitment to operational excellence and customer-focused growth during a pivotal transition phase.

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“In a major strategic move aimed at further consolidating our transformation journey, the Board of Directors at Ibadan Electricity Distribution Company has announced pivotal changes in leadership and direction.

“Following the expiration of his tenure, Engineer Kingsley Achife’s contract as Managing Director will not be renewed. The Board extends its sincere gratitude for his invaluable contributions and the solid foundation laid for our ongoing transformation.

“In a seamless transition, Engineer Francis Agoha, who has been an integral part of the executive team as Chief Technical Officer assumes the role of Acting Managing Director. Engr. Agoha brings over 20 years of experience in the power sector.

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“His strategic acumen positions him aptly to spearhead our company’s trajectory forward. He will collaborate closely with the Board to ensure continuity and drive our strategic imperatives,” it read.

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IBEDC Board extended its gratitude to Achife for his contributions and introduced Mr Adeoye Fadeyibi, who is joining as the Expert Consultant Adviser.

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Fadeyibi is tasked with spearheading initiatives to reduce commercial and technical losses.

“Concurrently, as part of IBEDC’s strategic plan to successfully transition to new investors while ensuring a focus on improving customer satisfaction (supply availability and reliability), commercial and technical growth (improved ATC&C), the Board has appointed Engineer AdeoyeFadeyibi as the Expert Consultant Adviser to the Board.

“Engineer Adeoye Fadeyibi will collaborate with the Board and the Acting Managing Director to spearhead initiatives aimed at reducing commercial and technical losses within the Company.

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“His expertise and leadership will be pivotal in advancing the company’s goals and enhancing operational efficiency while working closely with the Board and relevant stakeholders in delivering the transition timeline mandate.

“Our steadfast commitment remains unwavering: delivering reliable electricity services to our esteemed customers and stakeholders. These strategic appointments signal our resolve to accelerate growth, enhance performance, and navigate a successful transition with a committed focus.”

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IBEDC noted its pursuit of excellence and thanked its customers for their trust and support.

We are poised for a dynamic future, fueled by strategic foresight and a relentless pursuit of excellence. Thank you for your continued trust in IBEDC as we continue on this transformation journey together,” it concluded.

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JUST IN: Tinubu Decorates New Service Chiefs

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President Bola Tinubu on Thursday decorated the new service chiefs with their respective ranks at the Council Chamber of the Presidential Villa, Abuja.

The ceremony, which began shortly after 2pm saw the President perform the decoration alongside Vice President Kashim Shettima and the spouses of the decorated officers, each dressed in their respective service uniforms.

Those decorated were General Olufemi Oluyede as the Chief of Defence Staff; Lieutenant-General Wahidi Shaibu as Chief of Army Staff; Air Marshal Kennedy Aneke as Chief of Air Staff; and Vice Admiral Idi Abbas and Chief of Naval Staff.

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The Senate had, on Wednesday, confirmed the four nominees after a two-hour closed-door screening session where they were grilled on strategies to strengthen national security and improve coordination among the armed forces.

Tinubu had earlier written the red chamber, seeking an expedited confirmation process “to ensure continuity in the nation’s security leadership.”

READ ALSO:Reps Approve Tinubu’s $2.35bn External Loan Request

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It was observed that the ceremony was attended by senior government officials, lawmakers family members of the service chiefs and top officers from the various arms of the military.

The President, Vice President and the officers’ spouses took turns pinning the new ranks on each of the decorated chiefs.

The decoration came barely one week after the Presidency announced a sweeping reshuffle in the military hierarchy.

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In the statement signed by the President’s Special Adviser on Media and Public Communication, Sunday Dare, it said the shake-up was part of efforts to inject new direction into the nation’s defence architecture.

READ ALSO:Tinubu Under Fire Over Presidential Pardon For Drug Offenders

The Chief of Defence Intelligence, Major General E. A. P. Undiendeye, retained his position.

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Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, later told our correspondent that the changes were not connected to recent rumours of a coup plot, saying, “The President acted within his authority as Commander-in-Chief. Service chiefs can be hired and fired by the President.”

On Monday, Tinubu had met privately with the new service chiefs at the Villa.

They arrived in a black Mercedes-Benz Sprinter van escorted by a green Toyota Land Cruiser, and the session lasted about 40 minutes.

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READ ALSO:FULL LIST: 175 Beneficiaries Of Tinubu’s Pardons

Presidency sources said the President charged them to take decisive action against insurgents and bandits, particularly in the North.

Last Friday’s reshuffle followed an October 19 report alleging that some officers were plotting to overthrow the government — a claim later dismissed by the Defence Headquarters as “false and mischievous.”

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The Director of Defence Information, Brigadier-General Tukur Gusau, said the alleged arrests linked to a coup were “issues of indiscipline” within the ranks, describing the report as “intended to cause unnecessary tension and distrust among the populace.”

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JUST IN: Eurozone Growth Beats Expectations In Third Quarter

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The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday.

The EU’s data agency said the 20-country single currency area recorded growth of 0.2 per cent over the July-September period from the previous quarter.

READ ALSO:Atiku Slams Tinubu Over U-turn On Pardon For Convicts

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The figure was higher than the 0.1 per cent forecast by analysts for Bloomberg and FactSet.

More details later…

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PHOTOS: Police Inspector, Others Die In Lagos-Ibadan Expressway Multiple-truck Crash

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At least four persons were feared dead while several others sustained injuries in a multiple-vehicle crash involving five articulated trucks on Kara Bridge, inward Mowe, along the Lagos-Ibadan Expressway on Thursday.

A police inspector attached to the Lagos State Police Command was said to be among the victims.

The Lagos State Commissioner of Police, Moshood Jimoh, who confirmed the incident on Thursday during a visit to the scene, said emergency response teams worked through the early hours to rescue victims and clear the wreckage.

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“We have a case of multiple accidents at the border between Ogun and Lagos State. Five vehicles were involved, all articulated vehicles. Precisely, three people have been rescued from the scene of the accident.

READ ALSO:Ten Feared, Others Injured In Oyo Road Accident

As early as 5 a.m., we have been on it, and we have other agencies here assisting us. We have LASTMA, the Road Safety Corps, and other security agencies,” Ishola said.

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He explained that preliminary investigations showed the crash was caused by a trailer that suffered brake failure.

At the beginning, we have a trailer that failed to brake, and it is important that everybody in charge of their vehicle ensures proper maintenance,” he stated.

The commissioner also confirmed the death of one of his officers who was part of the police advance team deployed to the scene.

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“It’s very unfortunate that we lost one of our police inspectors who came with our advance team to salvage the situation,” he said.

Ishola cautioned motorists, particularly drivers of articulated vehicles, against reckless driving, which he described as a leading cause of fatal crashes on highways.

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We want road users, especially those driving articulated vehicles, to stop this kind of recklessness. If they are not reckless in their driving habit, we won’t have this kind of accident,” he warned.

Rescue operations involving the police, Federal Road Safety Corps, Lagos State Traffic Management Authority, and other agencies were still ongoing as of press time, while efforts to remove the damaged vehicles and restore traffic flow continued.

 

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