Chief Operating
Officer (COO) Engineer John Ayodele disclosed this in a memo to members of
staff intimating them of the development, The Nation gathered.
Ayodele, in the January
20 memo, said the company fell under receivership by a September 8, 2021
Federal High Court judgment.
The judgment, he said,
granted preservative orders in favour of AMCON.
He explained that the government
corporation has appointed a lawyer to serve in the receivership action.
He disclosed that the receiver arrived
Thursday January 20 to take charge formally, hinting that he already held a
meeting with the management staff.
Ayodele, however, allayed fears over the
development and assured staff of job security
The memo reads: “Further, to the judgement
wherein the Federal High Court on the 8th of September 2021 granted
preservative orders in favour of Asset Management Corporation-
“AMCON, (being the Receiver/Manager of
Integrated Energy Distribution and Marketing Limited); the court has appointed
Mr Kunle Oqunba Esq.SAN to act as Receiver/ Manager Nominee in the receivership
action.
“Based on the foregoing the
Receiver/Manager came in today 20th January 2022 to the IBEDC Headquarters to
take charge formally and subsequently met with the Management team. Therefore,
I hereby wish to inform all staff that there is no cause for alarm.
“We are assured of job security which
entails our position/ duties in the company, being entitlements to our salaries
and other benefits etc.
“On behalf of the Management I urge us all
to kindly go about the efficient discharge of our duties to ensure a speedy and
mutually beneficial resolution.
“I wish us all the best, while | appeal
that we continue to remember IBEDC in our prayers.”
IBEDC distributes electricity to consumers
in Oyo, Osun, Ogun and Ondo as well as some parts of Ekiti and Kwara States.