Fidelity Bank lacks legal basis for takeover of BEDC

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Fidelity Bank lacks legal basis for takeover of BEDC – Management

« on: July 07, 2022, 07:02:16 PM »

Fidelity Bank lacks legal basis for takeover of BEDC – Management

The purported activation seeks to take over the respective Boards of Kano Electricity Distribution Company, Kaduna Electricity Distribution Company and BEDC Electricity Plc (the DisCos) over the inability to repay the loans obtained to acquire majority stakes in the DisCos in furtherance of the 2013 privatisation exercise.
Source: Fidelity Bank lacks legal basis for takeover of BEDC – Management

- PM News Nigeria
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