“In fact, NERC’s directives were issued to compel the Board of EKEDC, following picketing by the Union and unrelenting Staff protests, to act appropriately in the face of a determined position of a majority of the Board members to cover up the alleged use of ghost workers together with the alleged fraud and protect Wola Joseph Condotti especially.

“The Chairman of EKEDC, Mr. Dere Otubu’s letter, therefore, was done in bad faith and in vengeful revenge against the MD/CEO for escalating the alleged fraud and issuing queries against one of his protégés, whom he has desperately swore to protect by all means. As a matter of fact, the Ag DG of the BPE, representing the Government on the Board of EKEDC, vehemently rejected the attempt to cover up the alleged crime and insisted on compliance with the punishment prescribed in the Conditions of Service.

“Rather than comply with the Orders of NERC, a recourse to subterfuge was hatched with the purported termination and the publication of different misleading headlines such as “FG Sacks MD of EKEDC”, “Tinuade Sanda relieved of her position as MD, Eko Distribution Company”. There are no doubts about a deliberate agenda and unconcealed mischief to misread the Orders of the NERC to malign Dr. Sanda’s reputation for daring to escalate and issue queries to Wola Joseph Condotti for alleged fraud through the use of ghost workers for 3 years, and continuous payment of salaries to exited staffs despite personally receiving their resignation letters,” he stated.

According to Egeregor, similar queries were issued to Sheri Adegbenro, the Chief Audit and Compliance Officer, and Aik Alenkhe, the Chief Human Resources Officers respectively for their failure and gross negligence to audit and detect fraudulent payments on payroll for over 3 years.

While debunking the claim of the appointment of Mrs. Rekiat Momohe, as the Acting MD/CEO of the company, Egeregor stated that the company’s board had not met, nor decided on such appointment.

“The board of EKEDC, on which I sit has neither met nor decided on the purported appointment of Mrs.Rekiah Momoh as Ag.MD/CEO, except Mr.Otubu and his close circle of colleagues, have transformed themselves into “the board”. I and all well-meaning members of the EKEDC board, I believe, should vehemently distance themselves from this contrivance.

“The Board is not a one-man show, and matters are to be collectively deliberated on and approved by Board members. Mrs Momoh is the Chief Commercial Officer of EKEDC and remains so.

“Mr. Otubu and his co-travelers have chosen to cherry-pick the exhaustive interaction with NERC where one of the Commissioners wondered why no one was yet to be tried or in prison for these grievous allegations and how to recover lost funds part-owned by the federal government. They are more focused on settling scores with our performance-driven MD/CEO, Mrs Tinu Sanda.

“At EKEDC, we are known for due process and legality, and anything that would take away from our avowed commitment to due process and corporate governance would be resisted,” he added.