The Presidency yesterday formally reacted to the news making the rounds which was credited to the Minister of State for Power that President Muhammadu Buhari was the one that ordered the sack and replacement of the management of the Abuja Electricity Distribution Company, AEDC saying the report was false.
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In a statement by presidential spokesman, Garba Shehu, said the report cannot be true, explaining that since the privatisation of the Power Sector in 2013, the management of the successor companies has reverted to the new owners.
He emphasised that it was out of place and inconceivable that the president would be linked to the management of a private organisation, let alone sacking it.
According to him: “It is gladdening to note that the Minister quoted in the statement has himself distanced himself from it.
“The Presidency, therefore, wishes to state expressly and reassure investors in the economy that President Buhari did not order the sack of the management of AEDC, neither does he intend to interfere in the running of the affairs of private business entities.
“The Presidency, however, welcomes ongoing discussions with relevant stakeholders to resolve the issues surrounding the recent developments in the company”.
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