The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc (KAEDC) over its N456.5 billion cumulative market obligations and prolonged financial and operational challenges.
The NERC, in a statement on Monday, also appointed an interim board of seven special directors and ordered a transparent process to select a new core investor for the company.
The decisions were contained in Order No. NERC/2026/086, titled “Order on the Regulatory Intervention in Kaduna Electricity Distribution Plc Pursuant to the Electricity Act 2023.”
The order took effect on Monday, August 10, 2026.
According to NERC, the intervention followed inquiry and consultations with key industry stakeholders, including the Bureau of Public Enterprises.
The regulator said the action was necessary because of KAEDC’s prolonged regulatory and market defaults, inadequate investment, and weak operational and commercial performance.
The NERC said that the interim board has Dr Abdullahi Garba as Chairman, while
Engr Francis Agoha, Mr Aliyy Aliyu, Major General Henry Ayamasaowei (rtd), Dr Haliru Dikko, Mr Ayodeji Gbeleyi of the BPE
and Dr Abubakar Umar Hashidu, as members.
The NERC also appointed Dr Abubakar Umar Hashidu, the company’s incumbent Managing Director/Chief Executive Officer, as Administrator for an initial six-month term, subject to review by the commission.
It said the intervention is intended to guide KAEDC through a transition while a new core investor is selected.
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