The newly appointed Board Chairman of Ibadan Electricity Distribution Company (IBEDC), Chief Tunde Afolabi, has moved quickly to calm customer concerns following a board shake-up triggered by the resignation of three nominees of the Asset Management Corporation of Nigeria (AMCON).

Addressing journalists at the company’s headquarters in Ibadan, Afolabi described the reconstitution of the board and the emergence of a new core investor as a strategic reset designed to strengthen operational stability and long-term financial sustainability. He emphasised that all IBEDC offices will remain open and field operations will continue without disruption during the transition.

Acknowledging widespread public anxiety over electricity supply, the chairman said the company’s priority remains straightforward: distributing available power efficiently to customers across its franchise. However, he noted that supply limitations from generation companies continue to constrain distribution capacity.

Established in 2013 after Nigeria’s power sector privatisation, IBEDC distributes electricity across Oyo, Ogun, Osun and Kwara States, as well as parts of Ekiti, Kogi and Niger, serving one of the largest customer bases in the country’s electricity distribution landscape.

The board reconstitution signals an attempt to stabilise governance at a critical time for Nigeria’s power sector, with the new leadership pledging collaboration, accountability and innovation to reposition the company for growth while maintaining service continuity.