Dr Nnaemeka Ewelukwa Assumes Duty as Helmsman at NBET
Patience really pays. The old adage, “the patient dog eats the fattest bone” came to play in the life of Dr Nnaemeka Ewelukwa as he has finally assumed duties as the Managing Director/ Chief Executive Officer of the Nigerian Bulk Electricity Trader, NBET.
He is succeeding the second MD/CEO of the company, Dr Marilyn Amobi, who has been described as the cat with nine lives and whose 4-year tenure ended last month.
The leadership of the organization, set up to mediate between power generation companies, GenCos, and power distribution companies, DisCos has been a ding- dong affair which has just climaxed with the new MD taking over the reigns of office.
Dr Ewelukwa is assuming duty at NBET at a time the company can be described as being in the eye of the storm with GenCos calling ferociously for more or even full payments for the power supply they put in the Grid and the DisCos complaining of customer apathy to bill payment and thereby poor returns to finance the backend segments of the power chain.
Power sector watchers have heaved a sigh of relief with the hope that the company that has been the center of several controversies would by this change turn the chapter to usher in peace, prosperity and mutual benefits for all power stakeholders that look up to it for their operations.
Dr Ewelukwa has been the company’s General Counsel and Company Secretary since March 2012. He had earlier served as Technical Adviser with the Presidential Taskforce on Power, PTFP. He graduated with LLB from the University of Nigeria, Nsukka, LLM in International Business Law from the London School of Economics and PhD from Queen Mary University of London, United Kingdom.