Dr. Tinuade Sanda has been officially announced as new Managing Director/Chief Executive Officer, MD/CEO of Eko Electricity Distribution Company (EKEDC) Plc, thus becoming the first female to occupy that office.
This was exclusively obtained by EnergyDay on Wednesday via a statement credited to the EKEDC’s Board of Directors.
Her elevation was sequel to the appointment of her predecessor , Engr. Adeoye Fadeyibi, who was on Tuesday confirmed as the new Managing Director of the Abuja Electricity Distribution Company.
EnergyDay had earlier on March 14, reported the appointment of Dr Sanda, as the first Deputy Managing Director/ Chief Executive Officer of the distribution company.
The EKEDC’s Board said, “The Board of Directors of Eko Electricity Distribution Company is pleased to announce the appointment of Dr. Tinuade Sanda as the Company’s new MD/CEO with immediate effect. This remarkable appointment makes her the first female MD/CEO of the Company.
“Dr. Sanda takes over from Engr. Adeoye Fadeyibi, who was the MD/CEO for four years. She is expected to consolidate on the successes achieved in the past few years while progressively advancing and charting a new course for efficient service delivery and excellent business sustainability.
“In 2013, Dr. Sanda joined the Company as the Chief Treasury and Taxation Officer. She later became the Chief Accounting Officer, where she contributed immensely to the company’s growth by implementing revenue generation initiatives and overseeing critical projects.
“Dr. Sanda is a Fellow of the Institute of Chartered Accountants of Nigeria, Institute of Management Consultants, US and Institute of Professional Financial Managers, London. She is also an Associate Member of the Risk Management Association of Nigeria and the Institute of Directors, Nigeria. She obtained a Masters in Business Administration (MBA) from Edinburgh Business School, Herriot Watt University, Scotland, UK, after graduating with a second-class upper in Financial Accounting from the prestigious Obafemi Awolowo University, Ile-Ife.
“On the 5th of December 2020, she was conferred by the Senate and Governing Council of ICON University of Management Science and Technology, Benin, with a Doctor of Philosophy in Financial Management & Entrepreneurship,” the statement said.
The Board however revealed that Dr. Sanda will be expected to lead the next phase of the Company’s growth by aggressively reducing ATC&C losses, increasing energy reliability/availability and improving the Company’s customer satisfaction index.
Dr Sanda in a statement acknowledging her appointment said, “ It is with gratitude to God that I take on this prestigious role as the MD/CEO) of EKEDC Plc. (EKEDP).
“Although the Company has made significant leaps in the past years, we are still faced with numerous challenges such as grid inefficiencies, aged and failing network infrastructure, billing inadequacies, large-scale energy theft, technology deployment deficiencies, and others.
“Under my leadership, EKEDP will run an all-inclusive organization built on reliable data and analytics as a driving force for our decision-making process. We will prioritise tasks and objectives that provide tangible value to the Organisation.
“The next phase of growth and future will be to ensures that EKEDP remains the best electricity distribution company in Nigeria.
“I am committed to working towards EKEDC’s vision to be the leading and customer-centric power utility in Africa and the preferred choice of stakeholders. The mandate will be to ensure increased operational efficiencies by aggressively reducing the ATC&C Loss target.
Dr. Sanda however promised to sustain reliability and availability in power supply across EKEDC’s franchise area. She also vowed to prioritise energy accounting leading to greater transparency, enhancing liquidity and financial management,and improving customer satisfaction index.