Ikeja Electric has announced the appointment of Mrs Ogochukwu Onyelucheya as its Acting Chief Executive Officer, effective 1 July 2026.
According to a statement on Friday by
Head, Corporate Communications,
Ikeja Electric, Kingsley Okotie, the development is as the company strengthens its leadership to accelerate growth, innovation, and service excellence across the power sector value chain.
It explained that the appointment follows 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.
Chairman of Ikeja Electric, Kola Adesina,
praised Soetan’s transformational leadership and enduring impact on the organisation.
“Folake has been instrumental in transforming Ikeja Electric into a more resilient, customerfocused, and performance-driven organisation. Her leadership reflects the very essence of innovation, resilience, and impact.”
During her tenure, Soetan led significant improvements in operational performance, strengthened stakeholder confidence, and positioned Ikeja Electric for sustainable growth within Nigeria’s evolving electricity landscape.
Reflecting 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.”
In approving Ogochukwu’s appointment, according to the statement, the Board reaffirmed its confidence in her proven
leadership capabilities and strategic vision.
Widely recognised for driving organisational transformation and sustainable performance, she brings extensive institutional knowledge and a strong execution focus that will guide the company through its next phase of growth.
Adesina added: ‘Ogochukwu brings a compelling blend of leadership experience, strategic clarity, and execution discipline. 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.”
“Onyelucheya Ogochukwu is a senior corporate executive and financial leader with over twenty years of experience overseeing business strategy, financial control, and operational growth,” the statement added.
