Assurances from the management of Benin Electricity Distribution Company clarify that both the management and board of the company remain undissolved, countering speculations circulating in the public domain.
Issued by the management and conveyed by Acting Head of Corporate Affairs, Evelyn Gbiwen, the statement rebuts misleading claims surrounding the company.
Refuting claims of potential government takeover and management dismissal as reported in national dailies, the statement emphasizes the persistence of the current board and management in steering BEDC towards success.
In light of the misrepresentation, the management received numerous inquiries from internal and external stakeholders seeking clarification.
The statement iterates the unwavering dedication of the existing board and management towards the advancement and prosperity of BEDC amidst achievements witnessed since the board’s inauguration in July 2022.
Citing notable progress, the company highlights a substantial increase in revenue collection from N4.9bn in July 2022 to over N7.6bn by February 2024, coupled with marked reductions in technical and commercial losses.
Recognizing the collaborative efforts and diligence of the BEDC team, management commends recent initiatives such as salary raises, promotions, and incentives aimed at motivating the workforce.
Pledging a commitment to their mandate of overseeing the divestment of 60% of the company’s shares to investors expediently, the statement stresses the board’s dedication to ensuring optimal operational efficiency.
Encouraging all staff to maintain their steadfast dedication and continue driving BEDC Electricity Plc’s growth and triumph, the statement reiterates a call to uphold excellence in their roles.
(NAN)