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Eweluka takes over as NBET MD, as Buhari sacks Amobi


Dr. Nnaemeka Eweluka has taken over as the substantive Managing Director/Chief Executive Officer of the Nigeria Bulk Electricity Trading Company (NBET).

Dr. Eweluka was a General Manager, and the pioneer General Counsel and Company Secretary at NBET.

Minister of Power, Engineer Sale Mamman announced this in a statement signed by the Special Adviser Media on Communications, Office of the Honourable Minister of Power, Aaron Artimas.

Dr. Eweluka’s appointment, Engineer Mamman revealed, has been approved by President Muhammadu Buhari.

Mamman also disclosed that the former MD/CEO, Dr Marilyn Amobi is to hand over and proceed on terminal leave with immediate effect.

The statement announcing the appointment of the new NBET Managing Director/CEO reads:

“In furtherance of the reorganization/ realignments in the Power Sector, the Honourable Minister of Power Engr. Sale Mamman announces the appointment of a new Managing Director for the Nigerian Bulk Electricity Trading, Plc.

“He is Dr. Nnaemeka Eweluka, the company’s General Counsel and Secretary.

“He is to succeed Dr. Marilyn Amobi, as substantive Managing Director/CEO, while the former MD is to handover and proceed on terminal leave with immediate effect.

“President Muhammadu Buhari had earlier approved the recommendation to this effect.”

According to the statement, Dr. Eweluka, a lawyer comes to this position with over twenty years’ experience.

His experience spans private practice, academics and the Power sector.

He is a specialist on privatization and legal energy reforms as well as a member of the Chartered Institute of Arbitration.

It could be recalled that ElombahNews reported on December 27, 2019, that Dr. Eweluka had assumed office as NBET Acting MD/CEO following the step down of Dr. Amobi.

News of his appointment was made known in a statement issued by Ms Aisha Waziri from the Corporate Services Department of NBET in Abuja.

Earlier, the Minister of Power had directed Amobi to step down following myriads of complaints against her.

Sale also raised a five-man committee to investigate those complaints proffered against Amobi.

Waziri said that Eweluka had taken charge of the agency’s operations.

She confirmed that Eweluka had been part of the executive management team of NBET.

She also affirmed that he had over 20 years of professional experience spanning private practice, academia and currently, public service.

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