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Tinubu appoints Dekalu-Thomas as NELMCO managing director

PRESIDENT Bola Tinubu has selected Mojoyinoluwa Dekalu-Thomas as the new managing director of the Nigeria Electricity Liability Management Company (NELMCO).

The Federal Government established NELMCO in August 2006 to manage the liabilities and non-core assets of the bankrupt Power Holding Company of Nigeria (PHCN).

Dekalu-Thomas has been serving as NELMCO’s acting CEO since the company’s founding CEO, Adebayo Fagbemi, stepped down on May 8.

Ajuri Ngelale, the President’s Special Adviser on Media and Publicity, confirmed in a statement issued yesterday in Abuja, saying that the appointment was for a four-year term.

Following Dekalu-Thomas’ promotion, President Tinubu also authorized the appointment of Dimla Joel Nchinney as NELMCO substantive Executive Director, Liability Management.

According to Ngelela, the appointments took effect immediately.

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