Eko Electricity Distribution Plc (Eko DisCo) has made a major leadership and governance transition following the takeover of its board by Transgrid Enerco, marking a new phase for one of Nigeria’s largest electricity distribution companies.
The transition took effect today with the resignation of the previous board constituted by former majority shareholder, West Power and Gas Limited (WPG), led by Chairman Dere Otubu.
The newly constituted board is chaired by Olubunmi Peters and includes George Nwangwu, Faruk Aliyu, Kolapo Joseph and Rasheed Olaoluwa, while Ayo Gbeleyi continues as the Bureau of Public Enterprises (BPE) representative on the board.
As part of the leadership changes, Rekhiat Momoh has stepped down from her role as Chief Executive Officer. The new board has appointed Wola Joseph-Condotti as Interim Chief Executive Officer with immediate effect, signalling its confidence in her leadership capability, deep institutional knowledge and focus on operational continuity, growth and stakeholder engagement.
The board acknowledged that Momoh’s tenure as CEO was marked by notable progress in EKEDP’s operational development and service delivery across its franchise areas.
In a statement made available by Babatunde Lasaki, GM, Corporate Communications & Strategy, Olubunmi Peters, Chairman of the Board, expressed appreciation for her contributions, stating that the company was grateful for her commitment and leadership and wished her success in her future endeavours.
“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 Peters, Chairman of the EKEDP Board of Directors. “We wish her well in her future endeavours.”
Read also: Eko Disco appoints Wola Joseph-Condotti interim CEO amid power sector pressures
Joseph-Condotti brings extensive experience in Nigeria’s power sector and a strong understanding of EKEDP’s internal operations. Her mandate, according to the board, is to consolidate existing gains, strengthen execution, and foster a unified, high-performance culture focused on customer satisfaction, innovation, staff engagement and sustainable growth.
Before her appointment, she served as Group Managing Director and Chief Executive Officer of West Power & Gas Limited, the former parent company of EKEDP, overseeing a portfolio of energy businesses spanning both conventional and renewable segments.
She has now stepped down from that role to assume her new responsibilities. She previously served as EKEDP’s pioneer Chief Legal and Company Secretary and later held several strategic positions, including Head of Regulatory Compliance and Chief Human Resources and Administration Officer.
Joseph-Condotti is widely regarded as a thought leader in the energy sector, with a strong focus on renewable energy, sustainability and carbon markets. She 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. Her professional achievements include being named among the Legal 500 GC Powerlist’s Top 100 General Counsels in Nigeria in 2024.
Under her interim leadership, EKEDP said it remains committed to improving service delivery, upgrading infrastructure, strengthening internal collaboration and maintaining trust-based relationships with customers, employees, regulators and other stakeholders.
“I am honoured to serve as Interim CEO at this important time,” Joseph-Condotti said. “EKEDP has a talented and dedicated team, and I look forward to working together to sustain progress in delivering reliable electricity distribution services to homes and businesses within our network.”
Reaffirming the board’s confidence in the appointment, Peters said the decision reflected a deliberate effort to prioritise strong leadership and stakeholder value.
He noted that the new leadership team brings 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 the execution of EKEDP’s strategic priorities as the company navigates Nigeria’s evolving electricity market.
