– Approves new NELMCO Board
Mkpoikana Udoma
Port Harcourt — President Bola Tinubu has approved the indefinite suspension of the Managing Director of the Rural Electrification Agency, REA, Ahmad Salihijo Ahmad, alongside three Executive Directors of the Agency over alleged N1.2 billion graft.
The President has also approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company, NELMCO, with a modification to the Board structure, which empowering the Minister of Power to take over the Board Chairmanship from the Minister of Finance.
Special Adviser to the President on Media and Publicity, Ajuri Ngelale, in a statement said the takeover was in view of NELMCO’s central role in the operation of the Nigeria Electricity Supply Industry, NESI.
Ngelale said President Tinubu anticipates that the Board’s new structure and composition would yield measurable progress in the management of the power sector’s post-privatization liabilities to create conditions for the attainment of world-class standards of operational efficiency across all sub-components of NESI.
The Minister of Power is now the new NELMCO Board Chairman, while the Minister of Finance is the Vice-Chairman.
Other members are the Director-General, Debt Management Office; the Director-General, Bureau of Public Enterprises; Mrs. Mojoyinoluwa Dekalu-Thomas, NELMCO Managing Director; Mr. Joseph Asuku Bello, NELMCO Executive Director, Asset Management; Mr. Hassan Yahya, NELMCO Executive Director, Corporate Services; Mr. Abdullahi Mahmud Gaya, Non-Executive Director; and Prof. Ayanfemi Ayandele, Non-Executive Director.
Meanwhile, suspending the REA boss, according to Ngelale, was in the light of new findings unearthed during a comprehensive investigation into the financial activities of the Agency.
Others affected by the suspension include Olaniyi Alaba Netufo, Executive Director, Corporate Services; Barka Sajou, Executive Director, Technical Services; and Sa’adatu Balgore, Executive Director, Rural Electrification Fund.
“President Tinubu has ordered a wider investigation into the conduct of the aforementioned officials in a fraudulent expenditure amounting to over N1.2 billion over the past two years, some of which has already been recovered by anti-graft agencies.”
