The Presidency has said Muhammadu Buhari did not order the sack and replacement of management of Abuja Electricity Distribution Company (AEDC).
There have been media reports credited to the Minister of State for Power, Goddy Jedy Agba that President Muhammadu Buhari has ordered the sack and replacement of the management of the AEDC.
A statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu on Wednesday, stated that Buhari has no business with affairs internal affairs of a private business like organisations in the power sector which has been privatised.
He said, “this cannot be true. Since the privatization of the Power Sector in 2013, the management of the successor companies has reverted to the new owners.
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It is, therefore, totally out of place and inconceivable that the President would be linked to the management of a private organization, let alone sacking it.
“It is gladdening to note that the minister quoted in the statement has distanced himself from it.”
“The Presidency, therefore, wishes to state expressly and reassure investors in the economy that President Buhari did not order the sack of the management of AEDC, neither does he intend to interfere in the running of the affairs of private business entities.
“The Presidency, however, welcomes ongoing discussions with relevant stakeholders to resolve the issues surrounding the recent developments in the company.”
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