Management of Kaduna Electricity Distribution Company has denied the rumour going round that the former vice president Mohammed Namadi Sambo is a shareholder in the company.
This was made known in a statement by the company’s head, corporate communication, Abdulazeez Abdullahi, in Kaduna on Sunday.
The statement said: “For the record, the former Vice President Mohammed Namadi Sambo is not a shareholder in the company neither is anyone holding shares for him by proxy.
“This clarification has become necessary in the light of a recent report by an online news medium which made a baseless and unfounded allegation linking the former vice president to Kaduna Electricity Distribution Company.
“We wish to state that the bidding for Kaduna Electricity Distribution Company was won through an open, competitive process by North West Power which comprises reputable business entities whose ownership is public knowledge and can be verified from the Corporate Affairs Commission and other relevant government entities.
“We, therefore, appeal to media practitioners to be circumspect and always make the effort to verify information before going to press. The implication of not doing so has the potential to cause severe damage to not only people’s hard earned reputation but to businesses as well.”