Be the first to get an update on this story!

Join our Channel...

Whatsapp Channel

Tinubu Suspends REA MD and Executive Directors Over Alleged N1.2bn Fraud

President Tinubu Signs Student Loan Bill into Law to Enhance Access to Higher Education Federal Government Grants Tax Exemptions to 107 Companies Despite Revenue Boost Efforts president tinubu Assigns 50 man team to revive economy in 6 weeks Tinubu Urges Nigerians to Patronize Made-in-Nigeria Products to Sustain Naira Gains Nigeria Set to Secure $500 Million World Bank Loan for Rural Access and Agricultural Marketing Project (RAAMP-SU) rea md foreign investment tinubu Federal Government Signs MOU with UK Consortium for Abuja Tech City Development President Tinubu Unveils Plan to Unlock Trillions in Public Wealth to Spur Economic Growth Wike Meets Tinubu in France Amidst Speculations of Defection President Tinubu to Launch 3,112 Housing Unit Project in Abuja President Tinubu Vows to Achieve Food Sufficiency for Nigeria President Tinubu Appoints New Heads for NCC, Galaxy Backbone, NIGCOMSAT

President Bola Tinubu has taken decisive action against alleged financial misconduct within the Rural Electrification Agency (REA), suspending its Managing Director and three Executive Directors indefinitely.

The move comes after an investigation revealed suspected misappropriation of funds totaling N1.2 billion over the past two years.

According to Ajuri Ngelale, Special Adviser to the President on Media and Publicity, Ahmad Salihijo Ahmad, the MD/CEO of REA, along with Olaniyi Netufo (Executive Director, Corporate Services), Barka Sajou (Executive Director, Technical Services), and Sa’adatu Balgore (Executive Director, Rural Electrification Fund), have been suspended pending further inquiry.

President Tinubu has appointed Abba Abubakar Aliyu as the new MD/CEO of REA. Additionally, Ayoade Gboyega, Umar Abdullahi Umar, Doris Uboh, and Olufemi Akinyelure have been named as Executive Directors and Head of Project Management Unit, Nigeria Electrification Project, respectively.

The President emphasized the importance of transparency and accountability in public service, expecting all appointees to uphold these standards. He reiterated his commitment to good governance and quality service delivery to Nigerians.

The wider investigation into the alleged financial misconduct aims to ensure accountability and restore public trust in the agency’s operations.

This Article is Fact-Checked. See Policy.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts