Former VP, Namadi Sambo Denies Ownership Of KAEDCO

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Namadi Sambo

Namadi Sambo

 

 

Former Vice President, Namadi Sambo has described as “total
falsehood and fallacy’’ story linking him to the ownership of Kaduna
Electric Power Distribution Company of Nigeria (KAEDCO).

Sambo stated in a statement he personally signed on Friday in Kaduna.

He said that his attention had been drawn to an online publication on a
query issued by the Nigerian Electricity Regulatory Commission (NERC) to
Power Distribution Companies.

“The story alleged that l own KAEDCO through a proxy.

“l wish to state unequivocally that the story is totally untrue, malicious and unfounded.

“The story is aimed at bringing my reputation to disrepute.

“For the records, I do not own a single share in the company or any of
the public privatised companies under my watch either directly or
through a proxy,’’
he said.

Sambo added:”As the chairman of the Privatisation Council and indeed
as public servant, l discharged my duties responsibly in accordance to
laid down rules and procedures and in the interest of the nation.”

He demanded rebuttal of the story and a public apology by the authors
within one week and urged the media to desist from propagating fake
news.

He also advised journalists to uphold the principles and ethics of the noble profession at all times.

(NAN)

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