Internal Audit & Investigation Manager at Abuja Electricity Distribution Company (AEDC Plc)

Abuja Electricity Distribution Company (AEDC) is one of the 11 power distribution companies that was successfully privatized and handed over to new investors on 1 November 2013.

KANN Utility Limited (KANN) is the 60% equity holders in AEDC. The Federal Government of Nigeria holds 40% equity in AEDC. AEDC has a franchise for the distribution and sale of electricity across an area of 133,000 km2 in the Federal Capital Territory, Niger State, Kogi State and Nassarawa State.

The company was established in 1997 and ranked fourth among the eleven Nigerian distribution companies for electricity purchased and distributed.

Within its franchise area, AEDC is also responsible for owning and maintaining the distribution network and supporting equipment. In addition AEDC is required to manage meter installations, carry out servicing and billing, co-ordinate consumer credit and revenue collection. The company is organized into 26 geographic business units and 2 undertakings.

AEDC is cognizant of the requirement to maintain power quality in line with prevailing Nigerian regulations as set by NERC in their Customer Service Standards of Performance, together with Internationally accepted standards (IEC 60050: Generation, Transmission and Distribution of Electricity). It is for this reason that the Company has placed, as a priority, plans to improve power supply and technical efficiency through investment in the network to reduce electrical losses.Role overview

The Internal Audit & Investigation Manager is responsible for overseeing the organization's internal audit program and leading investigations into potential fraud, misconduct, or policy violations.
This role ensures that financial, operational, and compliance controls are effectively designed and implemented, supporting the integrity, efficiency, and transparency of business operations.

Key Responsibilities:

Develop and implement a risk-based internal audit plan focused on distribution network operations, asset management, and financial integrity.
Conduct audits of technical operations, maintenance activities, billing accuracy, and procurement processes.
Lead investigations into fraud, theft of electricity, employee misconduct, or breaches of company policy.
Evaluate the adequacy and effectiveness of internal controls, risk management practices, and governance systems.
Prepare comprehensive audit and investigation reports with actionable recommendations.
Liaise with Executive management, Regulators, and External Auditors to ensure compliance with Industry and Statutory requirements.
Promote ethical conduct, transparency, and continuous improvement across all business units.
The role also involves coordinating with other relevant stakeholders such as Legal, Regulatory and External auditors to strengthen governance and risk management frameworks.

Qualifications & Experience:

Minimum of a Bachelor's Degree or its equivalent in relevant fields such as: Accounting, Finance, Economics, Business Administration, Electrical Engineering or any related field
Must be accredited by at least one of these professional bodies.i.e. Institute of Chartered Accountants of Nigeria (ICAN); Association of Chartered Certified Accountants; Certified Internal Auditor (CIA).
At least 10 years post NYSC working experience.
Experience in utilities or energy sector auditing, preferably in electricity distribution or transmission.
Strong understanding of regulatory frameworks, operational risk, and asset management in power utilities.
Must have a deep understanding of auditing standards, corporate ethics, and regulatory compliance.
Excellent analytical, investigative, and reporting skills.