Ikeja Electric Plc has named Mrs. Ogochukwu Onyelucheya Acting Chief Executive Officer, effective July 1, 2026.
According to the company, the appointment aligns leadership for the next phase of growth, with a renewed focus on innovation, operational excellence, and enhanced service delivery in Nigeria’s power sector
The appointment was sequel the transition of Mrs Folake Soetan, who has served as Chief Executive Officer since 2020 and will be taking on broader strategic responsibilities across the energy sector, Kingsley Okotie, the company’s image-maker said in a statement on Saturday.
Kola Adesina, Chairman of Ikeja Electric, commended Soetan’s transformational leadership and enduring impact on the organisation.
“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.”
During her tenure, the statement that Soetan led significant improvements in operational performance, strengthened stakeholder confidence, and positioned Ikeja Electric for sustainable growth within Nigeria’s evolving electricity landscape.
Speaking on her time as CEO, Folake Soetan said:“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.”
According to the statement, in approving Ogochukwu’s appointment, the Board reaffirmed its confidence in her proven leadership capabilities and strategic vision.
The new boss of the power firm brings extensive institutional knowledge and a strong execution focus that will guide the company through its next phase of growth.
Ogochukwu brings a compelling blend of leadership experience, strategic clarity, and execution discipline, Adesina quoted in the statement.
He added: We are confident in her ability to build on the strong foundation established at Ikeja Electric while driving innovation, efficiency, and customer-centric growth. She has our full support as she leads the business into its next chapter.”
Adesina emphasized that the leadership transition reflects Ikeja Electric’s commitment to continuity, operational excellence, and delivering reliable energy solutions that improve customer experience, expand energy access, and support sustainable development
Onyelucheya Ogochukwu is a senior corporate executive and financial leader with over twenty years of experience overseeing business strategy, financial control, and operational growth.
Throughout her career, which spans senior roles in both the banking and energy sectors, she has specialised in leading large-scale turnarounds by focusing on process digitisation, automation, and the deployment of robust revenue assurance systems.
She holds a BSc in Accounting from Nnamdi Azikiwe University, an MSc in Finance and Financial Law from the University of London. She is an alumnus of the Harvard Business School
Commenting on her appointment, Ogochukwu Onyelucheya expressed gratitude for the opportunity and reaffirmed her commitment to the company’s mission.
She added:“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.”