01 September 2016, Sweetcrude, Abuja – President Muhammadu Buhari on Wednesday appointed Mr. Joseph Chiedu Ugbo as the managing director/chief executive officer of the Niger Delta Power Holding Company Limited.
A statement by the Office of the Secretary to the Government of the Federation, Babachir Lawal, said the president also appointed two other Executive Directors. They are Babayo Shehu (Finance and Administration) and Ife Oyedele (Engineering and Technical Services).
Mr. Ugbo who had held the position in an interim capacity is a legal practitioner and infrastructure regulations specialist with extensive experience in electricity industry reform and privatization.
He holds a Bachelor and Master of Law Degrees from the University of Lagos and was admitted to practice Law in Nigeria in 1991.
For over 15 years, Mr. Ugbo provided legal advisory services to public sector power entities including legal support to erstwhile National Electric Power Authority (NEPA) and to the Bureau of Public Enterprises during the privatization of the twenty successor companies of Power Holding Company of Nigeria (PHCN).
Mr. Shehu holds a First Class Honours Bachelor of Science Degree in Accounting from Ahmadu Bello University, Zaria. He is also a Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria. He began his working career with Bauchi State Development Board in 1981.
He had a career in banking from 1987 to 2003 and thereafter joined the federal public service in 2003 and was in the service from 2003 to 2014.
Mr. Oyedele graduated with a Bachelor of Science Degree, Electrical Engineering from the University of Lagos in 1982. He is a member of the Nigerian Society of Engineers and Institute of Directors.
Between 1982 and 1992, he worked in both the public and private sectors. He established his own company, Messrs Matcom Limited in 1992. He was the Managing Director of the company until his new appointment.