President Bola Tinubu has approved appointment of Mrs. Mojoyinoluwa Dekalu-Thomas as new Managing Director and Chief Executive Officer of the Nigeria Electricity Liability Management Company (NELMCO).

A press statement issued by Ajuri Ngelale, Special Adviser to the President on Media and Publicity, said Dekalu-Thomas will serve in the position for a term of four years.

Dekalu-Thomas had served as the Acting MD/CEO of NELMCO since the tenure of pioneer NELMCO MD/CEO, Adebayo Fagbemi, ended on May 8th, 2023.

Accordingly, President Tinubu has approved the appointment of Dimla Joel Nchinney to serve in NELMCO as the substantive Executive Director, Liability Management.

The appointments take immediate effect

DIPLOMATIC DIARY reports that NELMCO is a product of the Electricity Power Sector Reform Act 2005 (EPSRA) and was incorporated on August 21st, 2006 as a limited liability company.

As one of the successor companies created under EPSRA and consistent with the directive of NCP, NELMCO was designated to assume responsibility for all of the then public electricity companies liabilities leading up to the November 1, 2013 as well as the management of the non-core assets of the companies, prior to disposal of same.