July 24, 2016 10:15 AM ET

Electric Utilities

Company Overview of Transmission Company of Nigeria PLC

Company Overview

Transmission Company of Nigeria PLC operates as a transmission and systems operations company. The company is based in Abuja, Nigeria.

Plot 441

Zambezi Crescent




Key Executives for Transmission Company of Nigeria PLC

Chief Executive
Compensation as of Fiscal Year 2016.

Transmission Company of Nigeria PLC Key Developments

Veronica Osuhor Resigns as Managing Director, (Independent System Operator) of the Transmission Company of Nigeria

The Managing Director, (Independent System Operator) of the Transmission Company of Nigeria (TCN), Mrs. Veronica Osuhor, has resigned her appointment following a protracted dispute among key leaders in the power industry. Osuhor's resignation letter dated November 23, 2015 and addressed to the Minister of Power, Works and Housing, signals a new twist in the sharp disagreement between Manitoba Hydro International Limited (MHIL) and the Nigerian counterpart in the TCN management. Osuhor who still has three and half years left from her four-year tenure, stated in her letter that she opted to resign "following recent directive which indicates that her current role will be to understudy a MHIL-designate at a lower level". MHIL, is the management contractor of the TCN. Osuhor, who was appointed the Managing Director (ISO) of the TCN, in May 2015, was recently directed to reverse to her former status.

Transmission Company of Nigeria Up For Sale

Nigerian Power Minister Chinedu Nebo said on September 12, 2014 that Nigeria is considering offers of more than $20 billion for the assets of Transmission Company of Nigeria PLC. The sale of Transmission Company of Nigeria PLC may start in a few years. The sale process could take the form of a public-private partnership, a concession or a build-operate-transfer.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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