A Chartered Arbitrator Dr. Nnaemeka Ewelukwa has assumed office as the acting Managing Director/CEO of the Nigerian Bulk Electricity Trading Company (NBET).
The Minister of Power, Engr. Sale Mamman on Tuesday suspended erstwhile MD, Dr. Marilyn Amobi over myriads of complaints.
The Minister also raised a five-man committee to investigate those complaints about the embattled suspended Managing Director with a stern directive to hand over to the most senior officer in the organization.
NBET in a statement on Wednesday by Aisha Waziri from the corporate services department and obtained by Solacebase said the Minister’s directive has been complied with as Dr. Ewelukwa, a General Manager, and the pioneer General Counsel and Company Secretary at NBET took charge of the agencies’ operations.
The statement said Dr. Nnaemeka Ewelukwa has been there at the establishment of NBET by the Federal Government of Nigeria (FGN) as a bulk electricity trader in the electricity market.
It said 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,’’said the statement.
‘’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.’’
‘’Dr. Ewelukwa is also a co-author of three globally acclaimed handbooks on electricity transactions namely, Understanding Power Purchase Agreements (2014}, Understanding PowerProject 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).
It added that a qualified lawyer by training, Dr. Ewelukwa holds a degree in Law from the University of Nigeria, a Master of Laws degree in International Business Law, from the London School of Economics and Political Science (LSE} and a Ph.D. in Law from Queen Mary, University of London, with specialization on privatization and the legal reform of the Nigerian power sector.