Eko Electricity Distribution Plc (Eko Disco) has undergone a major leadership and governance change following the acquisition of its board by TransGrid Enerco, marking a new phase for one of Nigeria’s largest electricity distribution companies.
The change took effect today with the resignation of the previous board formed by the former majority shareholder, West Power and Gas Limited (WPG), led by Chairman Dare Otubu.
The newly constituted board is chaired by Olubunmi Peters and comprises George Nwangwu, Faruk Aliyu, Kolapo Joseph and Rasheed Olaoluwa, while Ayo Gbelei remains on the board as the representative of the Bureau of Public Enterprises (BPE).
As part of the leadership change, Rekhiyat Momoh has resigned from his role as Chief Executive Officer. The new Board has appointed Wola Joseph-Kondotty as Interim Chief Executive Officer with immediate effect, indicating confidence in his leadership abilities, deep institutional knowledge and focus on operational continuity, growth and stakeholder engagement.
The Board acknowledged that Momoh's tenure as CEO led to significant progress in EKEDP's operational development and service delivery across its franchise areas.
In a statement provided by Babatunde Lasaki, GM of Corporate Communications and Strategy, Chairman of the Board Olubunmi Peters expressed appreciation for his contributions, adding that the company is grateful for his commitment and leadership and wishes him success in his future endeavours.
“We thank Rekhiyat Momoh for his commitment to EKEDP and his efforts in furthering our mission of providing reliable electricity distribution services to our customers,” said Peters, Chairman of the EKEDP Board of Directors. “We wish him well in his future endeavors.”
Also read: Eko Disco appoints Wola Joseph-Kondoti as interim CEO amid power sector pressure
Joseph-Kondoti has extensive experience in Nigeria's power sector and a strong understanding of the internal operations of EKEDP. According to the board, his mandate is to consolidate existing profits, strengthen execution and foster an integrated, high-performance culture focused on customer satisfaction, innovation, employee engagement and sustainable growth.
Prior to his appointment, he served as Group Managing Director and Chief Executive Officer of West Power & Gas Limited, EKEDP's former parent company, overseeing a portfolio of energy businesses spanning both conventional and renewable sectors.
She has now stepped down from that role to take up her new responsibilities. He previously served as the pioneering Chief Legal and Company Secretary of EKEDP and later held several strategic positions including Head of Regulatory Compliance and Chief Human Resources and Administration Officer.
Joseph-Condotti is widely recognized as a thought leader in the energy sector, with a focus on renewable energy, sustainability and carbon markets. He holds a law degree from the University of Ibadan, a Master of Laws (LLM) from Harvard Law School and an MBA from INSEAD Business School. His professional achievements include being named among the Top 100 General Counsel in Nigeria in 2024 of the Legal 500 GC Powerlist.
Under his interim leadership, EKEDP said it is committed to improving service delivery, upgrading infrastructure, strengthening internal collaboration and maintaining trust-based relationships with customers, employees, regulators and other stakeholders.
“It is my honor to serve as interim CEO at this important time,” said Joseph-Condotti. “EKEDP has a talented and dedicated team, and I look forward to working together to maintain progress in providing reliable electricity delivery services to homes and businesses within our network.”
Reaffirming the board's confidence in the appointment, Peters said the decision reflects strong leadership and a deliberate effort to prioritize stakeholder value.
He said the new leadership team brings the complementary skills and experience needed to support the company's strategic objectives and improve outcomes for customers and employees alike.
The Board concluded by reaffirming its commitment to leadership stability, operational continuity and execution of EKEDP's strategic priorities as the Company moves into Nigeria's evolving electricity market.
