AMCON Takes Over Ibadan Electricity Distribution Company, Here’s Why

The Assets Management Corporation of Nigeria (AMCON) has taken over Ibadan Electricity Distribution Company (IBEDC). In a memo signed by the Chief Operating Officer (CEO) of the power distribution firm, John Ayodele, it was disclosed therein that AMCON took over the firm over its inability to pay its existing debts. Even though the management of … Continue reading AMCON Takes Over Ibadan Electricity Distribution Company, Here’s Why