Eko Electricity Distribution Plc (EKEDP) has announced a major leadership transition following the takeover of its board by Transgrid Enerco, marking a new phase in the company’s corporate governance and strategic direction.
The transition follows the resignation of the former board appointed by the company’s previous majority shareholder, West Power and Gas Limited (WPG), led by Chairman Dere Otubu. The outgoing board stepped down to allow the newly constituted board to assume leadership.
The new board is chaired by Engr. (Dr.) Olubunmi Peters and includes Prof. George Nwangwu, Faruk Aliyu, Kolapo Joseph, and Rasheed Olaoluwa as directors. Ayo Gbeleyi remains on the board as the representative of the Bureau of Public Enterprises (BPE).
The development was disclosed in a statement issued to journalists by EKEDP’s General Manager, Corporate Communications and Strategy, Babatunde Lasaki.
As part of the leadership changes, Rekhiat Momoh has stepped down from her role as Chief Executive Officer. The Board has appointed Wola Joseph-Condotti as Interim Chief Executive Officer, effective immediately.
According to the company, the appointment reflects the Board’s confidence in Joseph-Condotti’s leadership capacity, deep institutional knowledge, and her ability to ensure operational continuity while advancing growth and stakeholder engagement.
Momoh’s tenure as CEO was credited with notable improvements in operational performance and service delivery across EKEDP’s franchise areas. The Board expressed appreciation for her service and contributions during her time at the helm.
“We thank Rekhiat Momoh for her commitment to EKEDP and her efforts in advancing our mission to provide reliable electricity distribution services to our customers,” said Engr. Peters. “We wish her success in her future endeavours.”
Joseph-Condotti brings extensive experience in Nigeria’s power sector, having previously served as Group Managing Director and Chief Executive Officer of West Power & Gas Limited and its related energy businesses. She stepped down from that role to assume her new responsibilities at EKEDP.
A widely recognised energy sector thought leader, Joseph-Condotti has a strong professional focus on renewable energy, sustainability, and carbon markets. She is also known for aligning strategy, people, and performance to deliver measurable business outcomes.
Her previous roles at EKEDP include serving as the pioneer Chief, Legal & Company Secretariat, as well as Head of Regulatory Compliance and Chief Human Resources and Administration Officer.
Joseph-Condotti holds a law degree from the University of Ibadan, an LL.M from Harvard Law School, and an MBA from INSEAD Business School. She was listed among Nigeria’s Top 100 General Counsels by the Legal 500 GC Powerlist in 2024.
Under the new leadership, EKEDP reaffirmed its commitment to improving service delivery, strengthening infrastructure, fostering internal collaboration, and maintaining strong relationships with customers, regulators, employees, and other stakeholders.
“I am honoured to serve as Interim CEO during this period,” Joseph-Condotti said. “EKEDP has a talented team, and I look forward to working together to sustain progress in delivering quality electricity distribution services to homes and businesses across our coverage area.”
Engr. Peters noted that the Board’s decision was guided by the need for leadership stability and complementary skill sets capable of driving the company’s strategic priorities.
“We are confident that this leadership team brings the right mix of experience and vision,” he said. “Our focus remains on putting stakeholders first while continuing to deliver excellent service to our customers.”
The Board reaffirmed its commitment to operational continuity and improved performance, stressing that EKEDP remains firmly focused on executing its strategic objectives under the new governance structure.
