Owners of Electricity Assets in Nigeria (including the money they paid to the GEJ government) If you have any quarrels with high tariffs, please knock their doors. Drag them and those who sold to them. But wait a minute, where are the millions of USD realized from the sale?

  1. Transcorp/Woodrock Consortium (Ughelli Power Plant)
    Mr. Tony Elumelu, Mr. Obinna Ufudo (CEO, Transcorp Group) Mr. Adeoye Fadeyibi
    $300 million :Power Generation
  2. Amperion Power Distribution Limited (Geregu Power Plant)
    Mr. Femi Otedola (Chairman, Forte Oil), Mr. Akin Akinfemiwa (CEO, Forte Oil)
    $132 million
    Power Generation
  3. Mainstream Energy Solutions Limited (Kainji Hydro Electric Plant and Jebba Hydro Station)
    Col. Sani Bello (Chairman, Mainstream), Alhaji Ismaila Isa (Vice Chairman, Mainstream), Brig Gen. Tunde Ogbeha (Director, Mainstream)
    $170 million
    Power Generation
  4. North South Power Company Limited
    (Shiroro Power Station)
    Eng. Olubunmi Peters
    $111.7 million
    Power Generation
  5. KEPCO Energy Resources Limited
    (Egbin Power Station)
    Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi
    $407.3 million
    Power Generation
  6. NEDC/KEPCO Consortium
    Asset: Ikeja Electricity Distribution Company
    Cost: $131 million
    Mr. Kola Adesina (Chairman NEDC/KEPCO), Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi (Executive Director, Sahara Energy Group)
    $131 million
  7. Vigeo Power Limited
    Asset: Benin Electricity Distribution Company
    Mr. Victor Gbolade Osibodu (Chairman, Vigeo Holdings) Mrs. Funke Osibodu (CEO, Vigeo Power)
    $129 million
  8. KANN Utility Consortium Company Limited
    Asset: Abuja Electricity Distribution Company
    Alhaji Shehu Malami (Chairman, KANN Consortium), Mr. Neil Croucher (CEO, KANN Consortium)
    $164 million
  9. Sahelian Power SPV Limited
    Asset: Kano Electricity Distribution Company
    Alhaji Yusuf Hamisu Abubakar (CEO, Sahelian Power), Alhaji Umaru Mutallab (Chairman, Sahelian Power)
    $102 million
  10. 4Power Consortium Limited
    Asset: Port Harcourt Electricity Distribution Company
    Mr. Augustine Nwokocha (Chairman, 4Power Consortium), Governors of Bayelsa, Cross River, Akwa Ibom and Rivers State
    $124 million
  11. Integrated Energy Distributing and Marketing Limited
    Asset: Ibadan Electricity Distribution Company, Yola Electricity Distribution Company
    Gen. Abdulsalami Abubakar (Chairman, Integrated Energy), Mr. Tunde Ayeni (Vice Chairman, Integrated Energy), Dr. Sola Ayandele (CEO Integrated Energy)
    $126.75 million
  12. Interstate Electrics Limited
    Asset: Enugu Electricity Distribution Company
    Sir Emeka Offor (Chairman, Interstate Electrics Limited)
    107.4 million
  13. West Power and Gas Limited
    Asset: Eko Electricity Distribution Company
    Mr. Charles Momoh (Chairman, West Power and Gas), Dr. Tunji Olowolafe (Director, West Power and Gas), Mr. Ernest Orji (Director, West Power and Gas)
    $135 million
  14. Aura Energy Limited
    Asset: Jos Electricity Distribution Company
    Alhaji Garba Mohammed Noma,
    $82 million

Those who eat the wealth of a generation, the calamity of a generation will befall you.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s