Ikeja Electric Appoints Onyelucheya CEO

Ikeja Electric, a prominent utility firm, has announced a significant leadership transition with the appointment of Mrs. Ogochukwu Onyelucheya as its Acting Chief Executive Officer. This change is effective July 1, 2026, and signals the company's strategic move to accelerate growth, innovation, and service excellence across the power sector value chain.

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Folake has been instrumental in transforming Ikeja Electric into a more resilient, customer-focused, and performance-driven organisation. Her leadership reflects the very essence of innovation, resilience, and impact.

Mrs. Onyelucheya steps into the role following the departure of Mrs. Folake Soetan, who has led Ikeja Electric as CEO since 2020. Mrs. Soetan will be taking on expanded strategic responsibilities, moving to broader roles within the energy sector, indicating a continued contribution to the industry at a higher level.

Kola Adesina, Chairman of Ikeja Electric, lauded Mrs. Soetan's tenure, describing her leadership as instrumental in transforming the company into a more resilient, customer-focused, and performance-driven organization. He highlighted her embodiment of innovation, resilience, and impact during her leadership.

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It has been an honour to lead Ikeja Electric and work alongside a team committed to delivering value to customers and communities. As I take on this new role across Sahara’s Power and Upstream businesses, I look forward to supporting the Group’s vision of delivering sustainable, inclusive, and impactful energy solutions across Africa.

Reflecting on her time as CEO, Mrs. Soetan expressed gratitude for the opportunity to lead Ikeja Electric and work with a dedicated team. She stated her enthusiasm for her new role supporting Sahara's Power and Upstream businesses, aiming to deliver sustainable and impactful energy solutions across Africa. Mrs. Onyelucheya, in turn, conveyed her gratitude for the appointment and reaffirmed her commitment to Ikeja Electric's mission, emphasizing a focus on improved service, deepened customer trust, and sustainable performance.

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Taking on the responsibility of building on the strong foundation at Ikeja Electric is a privilege for the incredible IE team and me. Our focus remains on delivering improved service, deepening customer trust, and driving sustainable performance as we continue to create value for all stakeholders.