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Ibadan Electricity DisCo Sold for N100 Billion – AMCON
The Business NG
|July 04, 2025
The Ibadan Electricity Distribution Company (IBEDC) has been sold for N100 billion, the Asset Management Corporation of Nigeria (AMCON) announced on Thursday.
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Speaking to journalists, AMCON Managing Director, Gbenga Alake, confirmed the sale of the power distribution company, which had been under AMCON's control since January 2022.
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