Red Flag Raised! Prospective Buyers Warned as Eko DisCo Faces Labour Crisis

The National Union of Electricity Employees (NUEE) has issued a stern warning to prospective buyers of Eko Electricity Distribution Company (Eko DisCo) regarding unresolved labor disputes within the organization. Dominic Igwebike, the acting General Secretary of NUEE, emphasized that these labor issues must be addressed comprehensively before any transfer of ownership occurs to prevent potential industrial actions.

Igwebike highlighted that the union is prepared to resist any takeover attempts if the existing labor concerns remain unsettled. He further stated that new owners would inherit not only the assets but also the liabilities of Eko DisCo, underscoring the importance of resolving all outstanding labor obligations during the acquisition process.

This development follows a series of challenges faced by Eko DisCo. In March 2024, the company experienced internal conflicts when the chairman and directors disagreed over the sacking of the Managing Director, leading to a leadership crisis within the organization.

Additionally, in April 2024, a court ordered the reinstatement of Eko DisCo’s management team, further highlighting the company’s ongoing internal disputes.

These incidents underscore the complex labor and management issues that prospective buyers must consider, as unresolved disputes could significantly impact the company’s operations and stability.