US EditionIkeja Electric Goes into Receivership, Joins Five Others - InsideBusiness - Business News in Nigeria
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Ikeja Electric Goes into Receivership, Joins Five Others - InsideBusiness - Business News in Nigeria
Justice Akintayo Aluko of the Federal High Court in Lagos has affirmed the appointment of Kunle Ogunba, SAN, as Receiver/Manager over Ikeja Electricity Distribution Company (IKEDC), KEPCO Energy Resources Nigeria Limited, and its 70 per cent controlling stake in Egbin Power Plc, the nation’s largest generation company, sending the companies into receivership that confirmed the prostrate state of the sector. The development came following the enf…
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