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Alleged N1.2bn Fraud: Tinubu suspends CEO, 3 Executive Directors of Rural Electrification Agency, approves new Management

*President Bola Ahmed Tinubu approves the appointment of fresh ‘qualified Nigerians’ to serve in the new Management team of the Rural Electrification Agency in acting capacity with immediate effect

Isola Moses | ÂÌñÏׯÞ

Sequel to fresh findings unearthed during a comprehensive investigation into the financial activities of the Rural Electrification Agency (REA), President Bola Tinubu has approved the indefinite suspension of Ahmad Salihijo Ahmad, Managing Director/CEO of the Rural Electrification Agency (REA), and three Executive Directors of the Agency, from office.

Ahmad Salihijo Ahmad, suspended Managing Director/CEO of REA

These are:

(1) Olaniyi Alaba Netufo — Executive Director, Corporate Services

(2) Barka Sajou — Executive Director, Technical Services

(3) Sa’adatu Balgore — Executive Director, Rural Electrification Fund (REF)

Chief Ajuri Ngelale, Presidential Spokesman, who disclosed this development in a statement issued Thursday, March 7, 2024, also said President Tinubu had ordered a wider investigation into the conduct of the aforementioned officials in a fraudulent misexpenditure amounting to over N1.2 billion over the past two years, some of which has already been recovered by anti-graft agencies.

The statement noted: “By the directive of the President, the following qualified Nigerians are appointed to serve in the new management team of the Rural Electrification Agency (REA) in acting capacity with immediate effect.”

The new team is constituted composed of the following:

(1) Abba Abubakar Aliyu — Managing Director/CEO

(2) Ayoade Gboyega — Executive Director, Corporate Services

(3) Umar Abdullahi Umar — Executive Director, Technical Services

(4) Doris Uboh — Executive Director, Rural Electrification Fund (REF)

(5) Olufemi Akinyelure — Head of Project Management Unit, Nigeria Electrification Project

Ngelale further stated: “President Bola Tinubu expects all appointees in his administration to uphold the highest standards of transparency and accountability in the discharge of their duties and reiterates his determination to elevate the yearnings of Nigerians for good governance and qualitative service delivery above the narrow interests of individuals who are entrusted to provide critical services to the Nigerian people.”

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