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President Buhari approves renewal of appointments

President Muhammadu Buhari has approved the renewal of Marilyn Amobi’s tenure as managing director of the Nigeria Bulk Electricity Trading Company Plc (NBET).

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This was confirmed in a statement signed by Yunusa Tanko, the Special Adviser on Media and Communication to the Minister of Finance, Budget and National Planning.

The Minister of Power, Sale Mamman, had previously dismissed Amobi, but Buhari reversed the decision two weeks later.

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Buhari also moved NBET from the Ministry of Power to the Ministry of Finance for Supervision.

Members of the reconstituted NEBT board include:

Zainab Ahmed, the minister of finance, budget and national planning – Chairman

Alexander Okoh, a representative from Bureau of Public Enterprises (80% shareholder in NBET) – Non–executive director

Patience Oniha, director-general of Debt Management Office – Non-executive director

Ben Akabueze, director-general of Budget Office of the Federation – Non-executive director

A non-executive director to represent the ministry of power to be represented by staff, not below the level of a director

Suleyman Ndanusa, former director-general of Securities and Exchange Commission (SEC) – Non-executive director (Independent)

Mustapha Balarabe Shehu, former president of the Nigeria Society of Engineers (NSE) – Non-Executive Director (Independent)

Adeyeye O. Adepegba – Non-executive director (Independent)

Marilyn Amobi – Managing director/ chief executive officer.

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