July 28, (THEWILL) – During the week, Folake Soetan, the Chief Executive Officer of Ikeja Electric Plc, pulled all the stops to give her mum, late Mrs Kofoworola Olufunmilayo Falegan, a befitting burial.
Mrs Flaegan passed on in February at the age of 78. Her burial ceremony tagged Celebration of Life was conducted at Yaba Baptist Church and a private interment with only close family members followed immediately after.
Quite a number of prominent Nigerians attended the wake, the burial service and the reception. These individuals’ presence despite their busy schedule and other commitments is not only a testament to Folake’s endearing nature but also because of the rapid transformation she has made possible since climbing the saddle as CEO. She has not only orchestrated some of the most significant commercial turnarounds in the industry. Her team’s initiatives to combat energy theft, address estimated billing concerns, and improve customer complaints resolution were groundbreaking. These efforts significantly reduced commercial and collection losses, establishing new benchmarks in the sector. A notable achievement during her tenure was the successful implementation of the Bilateral Power initiative, a pioneering Willing-Buyer-Willing-Seller scheme that guarantees customers a minimum of 20 hours of power supply through the National Grid.
