The administration of President Bola Tinubu may be contemplating the dissolution of the Nigeria Bulk Electricity Trading Plc (NBET) following the expiry of its current operating licence.
This development comes after the Minister of Power, Adebayo Adelabu, declined to renew the tenure of the current Managing Director/CEO of the company, Nnaemeka Ewelukwa.
Mr Ewelukwa succeeded Marilyn Amobi, whose tenure was riddled by numerous controversial developments and multiple corruption allegations.
In a circular dated 23 July, seen by this publication, Mr Adelabu informed Mr Ewelukwa that his four-year tenure would not be extended.
This notice was given in response to Mr Ewelukwa’s letter notifying the minister about the imminent expiration of his tenure and possible consideration for a second term.
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