BREAKING: AMCON Takes Over IBEDC
The Assets Management Corporation of Nigeria (AMCON) has taken over the Ibadan Electricity Distribution Company(IBEDC) Ltd over insolvency. The 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…