Mr Adelabu declined to renew the tenure of the current Managing Director/CEO, Nnaemeka Ewelukwa
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In a circular dated 23 July, seen by this publication, Mr Adelabu informed Mr Ewelukwa that his four-year tenure would not be extended. “We also appreciate your diligent service while your contribution to the ongoing reform in the power sector and nation-building is well acknowledged. As you are aware that the operating licence granted to NBET is deemed to expire before year-end, there is no immediate justification for your tenure extension or renewal,” the letter read in part.
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