The Managing Director/Chief Executive Officer of Kaduna Electric, Yusuf Usman Yahaya, has thanked customers and stakeholders as he announced his resignation.
He announced it through an internal memo shared to the company on January 5, as the MD decided to part ways with the organisation.
Taking over Kaduna Electric about 18 months ago, Yahaya in his personal message to his colleagues noted that he was faced with a challenging landscape.
His appointment coincided with a critical intervention by significant stakeholders, including the Nigerian Electricity Regulatory Commission (NERC), among others.
Yahaya wrote in his message to his colleagues, thanking them for the time and work together, saying: “As my tenure has come to an end at Kaduna Electric, I am moving from the company as stakeholders carry on the pending task of the sale of Core Investor Interests in aid of the steady ownership and critical investments that is desperately needed.
“Dear Colleagues, I am moving on from Kaduna Electric. When I was appointed about 18 months ago, it was at a time of critical lows at the company, and in response to which some stakeholders – Nigerian Electricity Regulatory Commission (NERC) and others had stepped in as part of an intervention across multiple Electricity Distribution Companies, including Kaduna Electric.
“The intervention was intended for six months and we have stayed for much longer given unforeseen challenges around the intervention objectives and very difficult persistent circumstances.
“In the time since then, we have taken on the challenges by addressing corporate reform and turnaround spanning infrastructure revamp across our network in Kaduna, Kebbi, Sokoto, and Zamfara States, enhancing commercial performance, improving the balance sheet of the company and delivering improved services to our customers. In the course of these, we also sought to enhance the terms and working conditions of our most prized asset employees.
“Amid very limited investments, and daunting environmental socio-economic challenges, we accomplished so much and there is much more to be done as the turnaround effort is underway.
