Lagos State Governor, Mr. Babajide Sanwo-Olu, has approved the constitution of the Lagos State Electricity Regulatory Commission (LASERC).
The appointments are subject to confirmation by the Lagos State House of Assembly.
Chairing The Commission as a Non-Executive on a part time basis is Engineer Abimbola Odubiyi.
Odubiyi has in-depth knowledge of regulatory reforms, restructuring of electricity industry and design, planning and operations of electricity market in multiple jurisdictions.
His industry knowledge transverse technical and commercial operations of gas and coal power stations to networks operations, tariff design and revenue cycle management activities for Distribution Companies.
He was a pioneer Commissioner with Nigerian Electricity Regulatory Commission (NERC).
He was also technical adviser to the Chairman of Ibadan and Yola Electricity Distribution Companies.
Amongst others, he is Chairman, Hebuma Engineering, Abuja and Director, Soboms Nigeria Limited
He holds an MBA in International Business from Aston University, UK and Master’s degree in Electrical Power System Engineering from the University of Wisconsin, United States and first degree in Electrical Engineering from the same institution.
He is a member, Institute of Electrical and Electronics Engineering, USA, and the Nigeria Society of Engineers (NSE).
Dr. Fouad Animashaun is the Pioneer Executive Member/CEO of the Commission.
His career spans strategic roles such as Managing Director of Igando Electric, Special Adviser on Power to the Lagos State government, and Consultant to the Nigerian Electricity Regulatory Commission (NERC).
With a PhD in Energy Policy from the University of Dundee and over a decade of experience in public-private partnerships, regulatory compliance, and innovative project delivery, he has driven transformational initiatives in renewable energy, stakeholder engagement, and sustainability.
His academic foundation includes an MBA in Oil and Gas Management and a first degree in Business Administration from the University of Lagos.
Also appointed as an Executive Commissioner is Mrs. Kofo Olokun- Olawoyin, who will oversee regulatory compliance, legal advisory, and the registration and licensing processes that are essential for the smooth operation of the electricity market in Lagos State.
A thoroughbred expert in power sector management, her career highlights include roles such as Partner at The Transaction Experts LP, Chief Power Procurement and Regulatory Officer at Eko Electricity Distribution Plc, Group Head Legal/Company Secretary and Regulatory at the Transcorp Group, and Head, Legal Advisory and Contracts Unit, Eko Electricity Distribution Plc
She has an LLM in International Commercial Law from the University of Dundee, United Kingdom, another LLM in EU Business and Taxation Law from the Université de Cergy- Pontoise (Cergy-Pontoise, France), a BL from the Nigerian Law School, and LLB from the University of Lagos. She is a Fellow, Chartered Governance Institute, United Kingdom and Fellow, Institute of Credit Administration, Nigeria.
She authored the highly resourced and recommended book, “The Nigerian Electricity Supply Industry- Post-Privatisation Realities, Trends and Challenges.
Appointed as the Executive Commissioner (Engineering and Standards) is Engr. Oluwaseun Fadare, who will leverage his extensive engineering and power plant management expertise to ensure efficient operations and maintenance across the electricity value chain.
With a career that includes serving as Chief Technical Officer (CTO) at Transcorp Power Limited and Chief Operating Officer (COO) roles at the Niger Delta Power Holding Company generation companies, he has excelled in engineering leadership and operational strategy.
Fadare holds a Ph.D. and an M.Sc. in Technology Management from Obafemi Awolowo University, along with a B.Sc. in Mechanical Engineering.
His additional qualifications include a Certificate in MBA Essentials from the London School of Economics and a Certificate in Sustainable Business Strategy from Harvard Business School Online.
The new Market Operator is Barrister Bunmi Benson, who is expected to lay the foundations for the smooth take-off of the Independent System Operator, which would oversee the administration, monitoring, and enforcement of electricity market rules, ensuring a well-structured, fair, and transparent marketplace for stakeholders.
Her appointment is pending the full installation of the Independent System Operator office.
A seasoned legal expert in technology, energy, and digital innovations, Ms. Benson has a wealth of experience in providing strategic legal counsel and advisory services for high-value projects and partnerships.
She has served in leadership roles such as Lead Counsel at Mike and Jewel Sage and Legal Specialist at Nigeria Inter-Bank Settlement System Plc. (NIBSS).
Her previous engagements also include the Senior Legal Officer at Broron Oil and Gas Limited and Head of the Legal Unit at Ultima Limited.
She has an LL.M. in Petroleum Law and Policy from the University of Dundee (CEPMLP), a LL.B from the University of Lagos, and BL from the Nigeria Law School.
