NBET failed to pay GenCos for the electricity produced and fed into the national grid in the third quarter of this year.
Dr, Eweluka replaced the sacked Dr. Amobi as NBET Chief before full assumption in August 2020.
Eweluka would succeed Dr Marilyn Amobi as substantive CEO with immediate effect.
The Nigerian Bulk Electricity Trading Plc (NBET) is reportedly owing Power Generation Companies (GenCos) in the country about N1 trillion debt.
The suspension of Damilola Ogunbiyi, the Managing Director of the Rural Electrification Agency (REA) has been reversed by President Muhammadu Buhari.
The last has not been heard about the sack of the MDs of REA and NBET, as new revelation has emerged regarding what led to their...
Dr Nnaemeka Ewelukwa has been announced to take over from Dr Marilyn Amobi as Managing Director/Chief Executive Officer of NBET.
The Federal Government has sacked the Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET), Dr. Marilyn Amobi.
GenCos have agreed to shut down power production and supply over NBET's proposed 0.75% administrative charge and a debt of over N1 trillion.
Senate Committee on Power is making attempts to resolve the rift between the NERC and the DisCos.