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AMCON Sells Ibadan Electricity Distribution Company for N100 Billion Amid Ongoing Legal Challenge

The Asset Management Corporation of Nigeria (AMCON) has confirmed the controversial sale of the Ibadan Electricity Distribution Company (IBEDC) for N100 billion, despite an ongoing lawsuit challenging the legitimacy and transparency of the transaction. Speaking during a media parley on Thursday, Gbenga Alake, Managing Director and CEO of AMCON, announced that the electricity firm had […]