Power: AEDC Receives Accolades For Good Corporate Governace Practice


The Management of Abuja Electricity Distribution Plc (AEDC) has been applauded for its strict adherence to good corporate governance structure and audit compliance practice in the management of the Company.
The acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has described good corporate governance ‘’as being fundamentally central to building competitive economies, reducing corruption and creating jobs and wealth with the overall antidote of eliminating poverty in an economy like ours confronted with myriad challenges of declining infrastructure.’’
 
At a corporate governance workshop organised for the successor companies in distribution and generation by the Bureau for Public Enterprises, Mr David Parish, Adviser to the Bureau on corporate governance disclosed that the Abuja Electricity Distribution Plc has shown itself as a trailblazer in the area of governance structure and audit compliance, urging industry participants to learn how AEDC achieved the transformation within 3years. 

Earlier in his welcome address, acting Director General of the Bureau of Public Enterprises, Dr. Vincent Onome Akpotaire said, ‘’the increasing need for the successor electricity companies to enshrine the concept of good corporate governance as an essential policy for their transformation and effectiveness makes this workshop imperative. 

Speaking on the challenges currently facing the privatised distribution and generating companies, Dr. Akpotaire said the inordinate delay in submitting audited reports, compliance with post acquisition plans have made it necessary to strengthen the skills, competencies and abilities of Board members in order to facilitate better performance and efficiency in tackling the aforementioned challenges. 

Expressing the hope that the workshop will stir a dialogue towards developing a deeper understanding of contemporary issues confronting Board Members, the acting Director General said programmes such as the workshop will make important contribution to the process. 


Abuja Electricity Distribution Plc was represented at the workshop by Mr. John Albert Jones, chairman for the Finance Committee of the Board, Alhaji Audu Uba Mohammed, Chairman Audit Committee of the Board and Engr. Ernest Mupwaya, Managing Director/CEO of AEDC.

  • AEDC

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