EKO DISCO CEO REKHIAT MOMOH RETIRES AFTER TRANSGRID ACQUISITION
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Rekhiat Momoh has announced her retirement as Chief Executive Officer of Eko Electricity Distribution Company (Eko DisCo), bringing an end to a 33-year career with the utility.
The announcement followed the acquisition of a 60 per cent majority stake in Eko DisCo by the Transgrid Consortium, marking a transition period for the power distribution company.
In a statement made available to The Media on Monday, the company outlined key milestones achieved during Momoh’s tenure, which coincided with the implementation of the Multi-Year Tariff Order (MYTO) framework and an expanded adoption of data-driven and digital systems across Eko DisCo’s network.
Under her leadership, the company implemented loss-reduction strategies aimed at lowering Aggregate Technical, Commercial and Collection (ATC&C) losses, alongside infrastructure upgrades to improve network efficiency and financial performance.
Eko DisCo also scaled up its participation in the National Mass Metering Programme, deploying hundreds of thousands of smart meters across its franchise area to curb estimated billing and reduce the metering gap.
The company further introduced “Band A” service level agreements for selected industrial and residential clusters, aligning power supply hours with approved tariff structures for customers within those categories.
Momoh’s tenure also coincided with the enactment of the Electricity Act 2023, which significantly reshaped the regulatory environment for electricity distribution companies. In response, Eko DisCo undertook structural adjustments to operate under both the Nigerian Electricity Regulatory Commission and the Lagos State Electricity Regulatory Commission.
Beyond operational reforms, the company expanded its digital customer service platforms, enabling real-time fault reporting, electronic payment systems, and improved customer engagement.
In her farewell address to staff, Momoh described her leadership as a collective journey.
“Serving as your CEO has been the greatest privilege of my professional life. Together, we have navigated change, overcome challenges, seized opportunities, and built an institution that stands strong, respected, and future-ready,” she said.
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She added that achievements recorded during her tenure were the result of teamwork and dedication across the organisation, expressing confidence in the company’s future leadership and strategic direction.
“The foundation is solid, the vision is clear, and the future is bright. I look forward to watching the next chapter unfold, knowing the organisation is in capable and principled hands,” she said.
Momoh was confirmed as substantive CEO in November 2025. At the time, the Board Chairman, Oritsedere Otubu, said the decision reflected confidence in her leadership and track record.
According to Otubu, Momoh demonstrated “strong operational discipline, strategic insight, and an ability to drive measurable results,” adding that her appointment provided continuity and supported the company’s goal of building a financially sustainable and service-focused distribution business.
Her retirement comes as Eko DisCo prepares to enter a new phase under its new majority ownership, closing a significant chapter in the company’s leadership history.
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