Workers Picket AEDC HQ as Tony Elumelu’s Transcorp Faces Major Crisis
Over 900 employees of the Abuja Electricity Distribution Company (AEDC) joined the Nigeria Labour Congress in a protest at the company’s headquarters. They accuse management of unfair labour practices following a recent restructuring. Transcorp Plc, led by Tony Elumelu, acquired a 60% stake in AEDC in August 2023 to settle an outstanding debt to UBA. Since the takeover, the utility has experienced management shake-ups and recurring operational challenges dubbed “one week, one trouble.” In November 2025, AEDC announced it would disengage over 900 staff as part of a transformation exercise. While management framed the move as efficiency-driven, workers and unions argue it was a cost-cutting response to the new national minimum wage. The protests have reignited debate over post-privatisation reforms in Nigeria’s power sector. Observers now question whether Transcorp’s intervention will deliver lasting stability or deepen existing challenges.
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