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Buhari reconstitutes NBET board as Zainab Ahmed becomes chairman

Zainab Ahmed: Petrol subsidy costs N150bn monthly -- we need to get rid of it completely Zainab Ahmed: Petrol subsidy costs N150bn monthly -- we need to get rid of it completely

President Muhammadu Buhari has approved the reconstituted board of directors of the Nigeria Bulk Electricity Trading Company Plc (NBET).

The reconstituted board was announced in a statement signed by Yunusa Tanko Abdullahi, special adviser on media and communications to the minister of finance, budget and national planning.

Members of the reconstituted NEBT board are:

  • Zainab Ahmed, the minister of finance, budget and national planning – chairman
  • Alexander Okoh, a representative from Bureau of Public Enterprises (80% shareholder in NBET) – non–executive director
  • Patience Oniha, director-general of Debt Management Office – non-executive director
  • Ben Akabueze, director-general of Budget Office of the Federation – non-executive director
  • A non-executive director to represent the ministry of power to be represented by staff, not below the level of a director
  • Suleyman Ndanusa, former director-general of Securities and Exchange Commission (SEC) – non-executive director (independent)
  • Mustapha Balarabe Shehu, former president of the Nigeria Society of Engineers (NSE) – non-executive director (independent)
  • Adeyeye O. Adepegba – non-executive director (independent)
  • Marilyn Amobi – managing director/ chief executive officer.

Editor’s note: This story has been edited to correct an error.

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