NERC Dissolves Kaduna Electric Board Over N456.5bn Debt

The Nigerian Electricity Regulatory Commission has dissolved the board of Kaduna Electricity Distribution Company after citing a N456.5bn market debt and continuing operational problems at the utility.

The regulator also named an interim special board and appointed Dr. Abubakar Umar Hashidu as administrator for an initial six-month term, subject to review.

NERC’s order took effect on Monday, August 10, 2026. The commission said Kaduna Electric had fallen into prolonged regulatory and market default, with weak operational and commercial performance and no credible recovery path.

The market debt includes about N415.5bn owed to the Nigerian Bulk Electricity Trading Plc and N41bn due to the Nigerian Independent System Operator. NERC also listed N14.26bn in other statutory and third-party obligations.

The regulator said ASI Engineering Limited, which took over operations in June 2024, had accrued more than N118.6bn in additional market debt as of May 2026.

The interim board named in the order includes Dr. Abdullahi Garba, Engr. Francis U. Agoha, Aliyu E. Aliyu, retired Major General Henry Ayamasaowei, Dr. Haliru Dikko, Ayodeji Gbeleyi for the Bureau of Public Enterprises, and Hashidu.

NERC said it had notified the Corporate Affairs Commission and other stakeholders, and that changes to Kaduna Electric’s shareholding, board records or constitutional records would need the commission’s prior approval during the transition period.

Sources: Punch, Daily Trust, Daily Post