President Tinubu Appoints Dekalu Thomas As MD Of NELMCO

President Bola Tinubu has appointed Mojoyinoluwa Dekalu-Thomas as the new managing director and chief executive officer of the Nigeria Electricity Liability Management Company (NELMCO).

NELMCO is a special purpose entity (SPE) created by the federal government, and saddled with the responsibility of managing the liabilities and non-core assets of the defunct Power Holding Company of Nigeria (PHCN).

Ajuri Ngelale, presidential spokesperson, announced the appointment in a statement on Friday.

Ngelale made it known that Dekalu-Thomas’ appointment would last for a tenure of four years.

Dekalu-Thomas had served as the acting MD/CEO of NELMCO since the tenure of Adebayo Fagbemi, pioneer NELMCO MD/CEO, ended on May 8, 2023.

“Furthermore, her previous interim role and new substantive appointment has created a vacancy at her previous position: Executive Director, Liability Management,” the statement reads. 

“Accordingly, President Tinubu has approved the appointment of Mr. Dimla Joel Nchinney to serve in NELMCO as the substantive Executive Director, Liability Management.”