NERC Dissolves Kaduna Electricity Board, Appoints 7-Member Interim Management Team

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the Board of Kaduna Electricity Distribution Company (KAEDC) and ordered a special interim management arrangement to take control of the electricity distributor.

The regulator announced the decision in an order dated August 10, 2026, signed by NERC Chairman Musliu Oseni and Commissioner for Legal, Licensing and Compliance, Dafe Akpeneye.

NERC appointed a seven-member interim board comprising Dr Abdullahi Garba, Engr Francis U. Agoha, Mr Aliyu E. Aliyu, retired Major General Henry E. Ayamasaowei, Dr Haliru Dikko, Mr Ayodeji A. Gbeleyi, who represents the Bureau of Public Enterprises, and Dr Abubakar Umar Hashidu.

Hashidu, who is the incumbent Managing Director and Chief Executive Officer of KAEDC, was also named Administrator of the company for an initial six-month term. NERC said the appointment could be reviewed after the initial period.

The Commission said the intervention was driven by what it described as a grave financial, regulatory and operational situation at Kaduna DisCo. It cited prolonged regulatory and market defaults, inadequate investment, poor operational and commercial performance, insufficient assets compared with liabilities, and the absence of a credible plan for sustainable recovery.

NERC formally ordered the removal of all existing directors and the dissolution of the board under Section 75 of the Electricity Act. The Commission said the decision had been communicated to the Corporate Affairs Commission (CAC) and other relevant stakeholders.

As part of the transition, the CAC has been directed not to register or recognise changes to KAEDC’s shareholding, directorship or constitutional records without NERC’s prior written approval. The restriction will remain in force during the special transition period.

The regulator’s intervention places Kaduna DisCo under a temporary governance structure as NERC seeks to address the company’s financial and operational challenges and establish a more credible route towards recovery.