Former VP Sambo Denies Link To KAEDCO



By: Mayen Etim


KADUNA, North-West, Nigeria – Nigeria’s Former Vice President, Arc Mohammed Namadi Sambo has described as ‘total falsehood and fallacy’ a story linking him to ownership of Kaduna Electric Power Distribution Company of Nigeria, (KAEDCO).

He stated this in a statement he personally signed and made available to the media in Kaduna on Friday.

He said; “my attention has been drawn to an online story publication on a query issued by the Nigerian Electricity Regulatory Commission to the 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.

The former VP added that, “as the Chairman of the Privatization 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 a rebuttal of the story and public apology by the authors and publishers of the story within one week, and urged the media to desist from propagating fake and unsubstantiated news while ensuring professionalism at all times and to also punish reporters who report falsehood.

“I demand for an unreserved apology and from the authors and publishers of the injurious story within one week

He advised members of the Fourth Estate to uphold the principles and ethics of the noble profession at all times.


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