News
Confusion as board nullifies sack of Eko DISCO MD/CEO

By Kayode Sanni-Arewa
The crisis rocking Eko Electricity Distribution Company (EKEDC) took a dramatic turn on Tuesday with its Board members cancelling the purported termination of the appointment of its Managing Director/Chief Executive, Dr. Tinuade Sanda.
The EKEDC CEO was said to have been sacked by the chairman of EKEDC, Dere Otubu allegedly in compliance with the orders of the Nigerian Electricity Regulatory Commission (NERC).
But the Director, Chairman Legal and Regulatory Committee of EKEDC, Babor Egeregor, in a statement described the order as unambiguous, incapable of, and unyielding to plural interpretations.
He said there was nowhere in the order where NERC requested the removal of any staff member either seconded to or hired by EKEDC except those connected to the alleged fraud and negligence i.e. Wola Joseph Condotti, Sheri Adegbenro, and Aik Alenkhe.
According to him, NERC’s directives were issued to compel the Board of EKEDC, following picketing by the union and unrelenting staff members’ protests, to act appropriately in the face of a determined position of a majority of the Board members to cover up the alleged use of ghost workers together with the alleged fraud and protect Wola Joseph Condotti especially.
The statement reads: “It has come to my notice that by a letter dated 26th of March 2024, the Chairman of Eko Electricity Distribution Company (EKEDC), Mr. Dere Otubu purportedly terminated the Contract of Employment of Dr. Tinuade Sanda, the MD/CEO of EKEDC, allegedly in compliance with Orders/Directives issued by the Nigerian Electricity Regulatory Commission (NERC).
“The said Order of the NERC, herein displayed, are unambiguous, incapable of, and unyielding to plural interpretations. There was nowhere in the Order where NERC requested the removal of any staff either seconded to or hired by EKEDC EXCEPT those connected to the alleged fraud and negligence.
“In fact, NERC’s directives were issued to compel the Board of EKEDC, following picketing by the union and unrelenting Staff protests, to act appropriately in the face of a determined position of a majority of the Board members to cover up the alleged use of ghost workers together with the alleged fraud and protect Wola Joseph Condotti especially.
“Mr. Dere Otubu’s letter, therefore, was done in bad faith and in vengeful revenge against the MD/CEO for escalating the alleged fraud and issuing queries against one of his protégés, whom he has desperately swore to protect by all means. As a matter of fact, the Acting DG of the BPE, representing the government on the Board of EKEDC, vehemently rejected the attempt to cover up the alleged crime and insisted on compliance with the punishment prescribed in the Conditions of Service.
“Rather than comply with the Orders of NERC, a recourse to subterfuge was hatched with the purported termination and the publication of different misleading headlines such as “FG Sacks MD of EKEDC”, “Tinuade Sanda relieved of her position as MD, Eko Distribution Company”.
There are no doubts about a deliberate agenda and unconcealed mischief to misread the Orders of the NERC to malign Dr. Sanda’s reputation for daring to escalate and issue queries to the suspects for alleged fraud through the use of ghost workers for three years, and continuous payment of salaries to exited staffs despite personally receiving their resignation letters.
“Similar queries were issued to Sheri Adegbenro, the Chief Audit and Compliance Officer and Aik Alenkhe, the Chief Human Resources Officers respectively for their failure and gross negligence to audit and detect fraudulent payments on pay roll for over 3 years.
“We are also aware of a purported press release appointing Mrs Rekiat Momoh as the Acting MD/CEO.
“The Board of EKEDC, on which I sit has neither met nor decided on the purported appointment of Mrs. Rekiah Momoh as Acting MD/CEO, except Mr. Otubu and his close circle of colleagues have transformed themselves into “The Board”. I and all well-meaning members of the EKEDC Board, I believe, should vehemently distance themselves from this contrivance.
“The Board is not a one man show, and matters are to be collectively deliberated on and approved by Board members. Mrs Momoh is the Chief Commercial Officer of EKEDC and remains so.
“Mr. Otubu and his co-travellers have chosen to cherry pick the exhaustive interaction with NERC where one of the Commissioners wondered why no one was yet to be tried or in prison for these grievous allegations and how to recover lost funds part owned by the federal government. They are more focused on settling scores with our performance driven MD/CEO, Mrs Tinu Sanda
“At EKEDC, we are known for due process and legality, and anything that would take away from our avowed commitment to due process and corporate governance would be resisted.
“Therefore, let it be known that Dr. Tinuade Sanda remains the MD/CEO of Eko Electricity Distribution Company and has since her assumption of office as the MD/CEO, turned EKEDC around for good, with very great milestones and achievements which every sector player recognises. She made EKEDC the number one distribution company in Nigeria.
“The Investors, Board, and Management of EKEDC believe firmly in her leadership and look forward to many more record setting and breaking moments. This is for the information of the general public and all NESI stakeholders.”
News
Naira Nosedives Against Dollar

By Kayode Sanni-Arewa
On Monday The Naira depreciated to N1,629 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,629 per dollar from N1,600 per dollar last week Friday, indicating N29 depreciation for the naira.
Likewise, the naira depreciated to N1, 570 per dollar in the parallel market from N1,565 per dollar last weekend. Consequently, the margin between the parallel market and NFEM rate widened to N59 per dollar from N35 per dollar last weekend.
News
2Baba’s Lover Natasha Osawaru Fired As Edo Assembly Minority Leader

By Kayode Sanni-Arewa
Natasha Osawaru, the lover of singer 2Face Idibia, has been removed as the minority leader of the Edo state house of assembly.
Osawaru is a member of the Peoples Democratic Party (PDP) and was a lawmaker representing the Egor constituency.
Her removal follows a shift in the party’s majority status after four PDP lawmakers defected to the All Progressives Congress (APC), giving the latter majority control.
The lawmaker was removed alongside Charity Aiguobarueghian, the former majority leader and Yekini Idaiye, who served as chief whip of the house.
Blessing Agbebaku and Maria Edeko, who are also members of the PDP, however, retained their positions as the speaker and the deputy speaker respectively
The development followed a letter from Jarret Tenebe, acting chairman of the APC in Edo state, notifying the assembly of the party’s new majority status.
In response, the speaker announced the appointment of APC members, including Ibhamawu Aigbokhan from Esan west as majority leader, Addeh Isibor from Esan north-east I as deputy leader and Lecky Hussein Mustapha from Etsako west I as chief whip.
Agbebaku said PDP leadership in the state would submit a list of nominees for the remaining principal offices. He added that his position as speaker and that of the deputy speaker may be reviewed.
Natasha has been in the spotlight since 2Baba announced his split from Annie Idibia in January and confirmed his relationship with her a few days later.They are both engaged at the moment.
News
DHQ: Military operation rescued ex-NYSC DG, no ransom paid

The Defence Headquarters has dismissed claims that senior military officers contributed money to secure the release of a former Director General of the National Youth Service Corps, Brigadier General Maharazu Tsiga (retd).
The DHQ insisted that his freedom was achieved through sustained military operations and intelligence efforts.
Tsiga was abducted on February 6, 2025, in Tsiga, the Kafur District of Bakori Local Government Area, Katsina State.
A trending WhatsApp message by Brigadier General Ismaila Abdullahi claimed that some retired and serving military officers contributed money to pay the ransom demanded by Tsiga’s abductors.
The message further stated that the funds were paid into his account which was provided by Tsiga’s son, Kamal and thanked everyone who contributed.
However, in a statement issued on Monday, the Director of Defence Information, Brigadier General Tukur Gusau, described the claims by Abdullahi as “misleading” and “a calculated attempt to undermine the military’s dedicated efforts” to combat terrorism and rescue abducted citizens.
Gusau said troops of 17 Brigade responded within hours and launched a series of search-and-rescue operations under Operation Fansan Yamma, in conjunction with air components.
According to him, troops combed several hideouts across Katsina and Zamfara states, including Jeka, Areda, Zango, Ruwan Lafiya, Mununu, and Pauwa Hills.
He added that though no direct contact was made with the abductors initially, the operations led to the abandonment of rustled animals and captives by fleeing terrorists.
Gusau said, “It is important to note that the unfortunate abduction of the former DG of NYSC occurred in the wee hours of 6 February 2025, in Tsiga, Kafur District of Bakori Local Government Area in Katsina State.
” Immediately, troops of 17 Brigade were alerted; they responded to the situation around 0300 hours the same day and, in a commendable show of professionalism, swiftly went on pursuit in conjunction with the Air Component of Operation Fansan Yamma.
“These combined efforts led to troops combing the assailants’/bandits’ hideouts within Jeka, Areda, and Zango, all in Kankara Local Government Area, in search of the former DG. The operation extended to Ruwan Lafiya, Mununu, Matallawa and Bakkai in Faskari Local Government Area.
“Although no direct contact was made with the abductors, the troops successfully pressured the criminals, who abandoned rustled animals and some captives in their hasty retreat.
“The troops nevertheless sustained the pursuit of the terrorists with unwavering determination, despite facing difficulties due to challenging terrain.”
Gusau said intelligence-led air raids on Dunya Hill—a known stronghold of terrorists—disrupted the kidnappers and enabled the escape of several captives.
He noted that while Tsiga was unable to flee due to health complications, another captive, Barau Garba, a local teacher, was rescued and reunited with his family.
He further disclosed that 84 kidnapped victims were freed in a separate assault on Pauwa Hills and surrounding areas, with several bandits neutralised and three soldiers sustaining injuries.
He said, “On February 8, leveraging credible intelligence, troops intensified their manhunt for the abductors and conducted dawn attacks at Yankuzo and Gidan Dankaka in Tsafe Local Government Area of Zamfara State where terrorist kingpin Ado Aliero hibernates. More so, intelligence confirmed that he had links with the abductors. Unfortunately, the operations did not result in locating the terrorists.
“However, subsequent air operations at Dunya Hill, a suspected bandit stronghold where General Tsiga was held, disrupted the terrorists, leading to the escape of several captives. Regrettably, the former DG was unable to escape due to health concerns. One of the captives, Barau Garba, a teacher at Government Secondary School in Tsiga and who was with General Tsiga, was rescued by troops, and he shared his experience via the attached video.
“Barau has since been reunited with his family in Tsiga town. In another instance, troops assaulted Pauwa Hills and Matallawa area of Kankara Local Government Area in search of Brigadier General Tsiga.
“However, they were only able to rescue 84 kidnapped victims from the area without locating him. In the process, several terrorists/bandits were neutralised, while three personnel sustained gunshot wounds.
“Since Brigadier General Tsiga’s abduction on 7 February 2025, troops have remained relentless in their pursuit, conducting both air and ground operations within Danmusa, Kankara and Faskari Local Government Areas, where he was supposedly held captive at different times, and these operations kept pressure on the abductors.
“It is thus only fair to recognise the significant sacrifices made by these troops who have worked day and night, often at great risk to their own lives in their search of the senior officer. The disparaging online is, therefore, nothing but presumably an act of mischief which is calculated at undermining the dedicated efforts of a military effort to eradicate terrorists/bandits and other criminal elements from the North West region.’
DHQ emphasised that a mix of kinetic and non-kinetic strategies facilitated the release of the senior officer, reiterating that no ransom was paid.
He said, “It is noteworthy to add that the military operations comprising both kinetic and non-kinetic strategies facilitated the rescue of General Tsiga as his life is invaluable and anything that needed to be done to ensure he was safe was adopted in ensuring a successful search and rescue effort.
“Troops will continue to support all efforts in ensuring peace and security across the country. The general public is therefore encouraged to continue supporting troops by providing credible intelligence to assist in this regard.”
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