The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) Plc over the company’s N456.5bn cumulative market obligations and prolonged financial and operational challenges. It said representatives of ASI, NERC, BPE, Afrexim and Fidelity Bank met on June 11, 2026, to discuss proposals for rescuing KAEDC. Consequently, NERC ordered the dissolution of KAEDC’s board and removal of all its directors from office. “KAEDC’s board of directors is HEREBY DISSOLVED. Meanwhile, NERC directed Afrexim Bank to coordinate an open, competitive and transparent process for securing a replacement core investor for KAEDC.