Nigeria President Muhammadu Buhari has approved the reconstitution of the board of Directors of the Nigeria Bulk Electricity Trading Company Plc (NBET).

The Presidency in a statement on Thursday listed the members of the reconstituted board which will be chaired by Nigeria’s finance minister Zainab Ahmad.

A non-executive director from the ministry of power will be represented by a staff who is not below the level of a director, the Presidency said.

Alex Okoh was appointed as a non-executive director from the Bureau of Public Enterprises (BPE), an 80% Shareholder in NBET.

The director-general of the Debt Management Office (DMO) Patience Oniha was appointed a non-executive director. Ben Akabueze, the director-general, Budget Office of the Federation was also appointed as a non-executive director.

Also appointed are Suleyman Ndanusa, former director-general of Securities and Exchange Commission (SEC), as an independent non-executive director.

A former President of Nigeria Society of Engineers (NSE) Mustapha Balarabe Shehu and Adeyeye Adepegba were also appointed as independent non-executive directors in the NBET board.

Dr. Marilyn Amobi is the managing director/chief executive officer of the board whose appointments take immediate effect.