The Nigerian Bulk Electricity Trading Plc (NBET) is currently enmeshed in a controversy that could rock its operations and that of Nigeria’s electricity market, THISDAY reports.

According to industry sources, top officials in the agency and Ministry of Power, Works and Housing have allegedly made demands of its Managing Director, Dr. Marilyn Amobi, to approve a 4% service charge that will accrue to them, following the federal government’s approval of NBET’s request of N701 billion from the Central Bank of Nigeria (CBN) for onward payment to power generation companies (Gencos).

The service charge, they said, was to cover for their facilitation of the loan approval by the Federal Executive Council (FEC). However, reliable sources in NBET and the ministry said to THISDAY that everything that had to do with the facilitation of the loan was done by Amobi and her team alone. This has allegedly irked certain persons in the ministry and NBET, because she reportedly refused to approve the service fee, which she insisted was scandalous and she could not support.

Her vehement position has resulted in high-wire internal politicking allegedly orchestrated by the ministry to restructure NBET and promote three of Amobi’s general managers who are loyal to the ministry to positions of executive directors. The goal is to ensure that the three general managers would as executive directors be given almost the same executive powers as Amobi, effectively empowering them to either support or disprove decisions made by the management team in their favour.

 

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