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Amobi steps down as Ewelukwa takes over at NBET

Amobi steps down as Ewelukwa takes over at NBET

Following the stepping down of Dr Marilyn Amobi as Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET), Dr Nnaemeka Ewelukwa has assumed duty in acting capacity.

This was disclosed in a statement issued by Ms Aisha Waziri from the Corporate Services Department of NBET in Abuja on Wednesday.

The Minister of Power, Mr Sale Mamman, had, Tuesday, directed Amobi to step down over myriads of complaints.

Sale also raised a five-man committee to investigate those complaints about Amobi.

According to Waziri, Ewelukwa, a General Manager, and the pioneer General Counsel and Company Secretary at NBET, has taken charge of the agency’s operations.

She said that Ewelukwa has been part of the executive management team of NBET and has over 20 years of professional experience spanning private practice, academia and currently, public service.

“Prior to joining NBET, he served as a Technical Adviser on electricity regulatory and transaction issues with the Presidential Task Force on Power (PTFP} set up by the Federal Government to lead the implementation of the reform roadmap for the power sector.

“He has led NBET’s negotiations with Independent Power Producers (IPPs) and the development of Power Purchase Agreements (PPAs} at NBET.

“Paving the way for billions of dollars in additional private sector investments in the electric power sector,” she said.

She said Ewelukwa is also a co-author of three globally acclaimed handbooks on electricity transactions; namely, Understanding Power Purchase Agreements (2014}, Understanding  Power Project Financing (2016) and Understanding Power Project Procurement (2018}.

“They were supported by the United States Power Africa initiative and the African Legal Support Facility hosted by the African Development Bank (AfDB).

“A qualified lawyer by training, Ewelukwa holds an undergraduate law degree from the University of Nigeria, a Master of Law degree  in International Business Law from the London School of Economics  and Political Science (LSE}, and a PhD in Law from Queen Mary University of London,

“With  specialisation on privatisation and the legal reform of the Nigerian power sector.

“He is also a member of the Chartered Institute of Arbitrators,” she said.

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