The Board of Directors of Gombe State Bubayero microfinance bank as well as the management team have been sacked by the State Government.
The Governor, Muhammadu Inuwa Yahaya who approved the sacking also approved the immediate suspension of the Managing Director and Chief Executive Officer of the Microfinance Bank from office.
The disclosure was made by the Secretary to the State Government, Professor Ibrahim Abubakar Njodi who conveyed the Governor’s approval to the affected persons.
He explained that the decision followed the outcome of findings of a thorough forensic audit of the financial activities at Bubayero Micro Finance Bank, and based on recommendations from appointed Financial Consultants as well as the audit report of the Central Bank of Nigeria (CBN).
The SSG stated that the suspended MD/CEO is to immediately hand over the responsibilities of the organisation to the most senior bank official, while all sacked Board members and management are instructed to promptly hand over all official assets in their possession.
Furthermore, an interim management, headed by the Executive Director, Financial Control and Operations, has been established and is to report to the Permanent Secretary, Ministry of Finance and Economic Development for further directives.
These directives, which take immediate effect, are aimed at ensuring transparency, accountability, and the safeguarding of the institution’s integrity and maintaining public trust in the system.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
We’re tired of promises, we want action, ASUU tells federal, state govts
THE Academic Staff Union of Universities (ASUU) has expressed displeasure over the state of the nation. It urges the federal and other levels of governments to wake up and provide governance that will alleviate the suffering of the masses in the new year. The national president of the union, Prof Emmanuel Osodeke, made this call in an exclusive interview with the Nigerian Tribune when asked to assess the state of the nation…....….
Maritime workers threaten to shut down ports nationwide Jan 9
The Maritime Workers Union of Nigeria (MWUN) has issued a nationwide strike threat scheduled for Tuesday, January 9th. The proposed strike aims to shut down all seaports, jetties, as well as oil and gas platforms across the country. In a statement released on Wednesday, John Ikemefuna, the union’s head of media, conveyed the decision on behalf of the President General, Comrade Adewale Adeyanju……..
EFCC storms Dangote head office
AS part of its ongoing investigations into foreign exchange allocations to some companies in the country, operatives of the Economic and Financial Crimes Commission (EFCC) from its Lagos zonal command were at the corporate headquarters of the Dangote Group in Lagos, on Thursday...….….…
Tinubu names new executive directors for NPA, NIMASA
President Bola Tinubu has approved the appointments of new Executive Directors in the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA), which are agencies under the Federal Ministry of Marine and Blue Economy.…..…
Veteran Yoruba actor, Olofa Ina, dies at 73
Veteran Yoruba actor, Deji Akinremi, popularly known as ‘Olofa Ina’, has died, aged 73. Nollywood actor, Saidi Balogun, took to his instagram page, @saidibalogun, to disclose the death of Olofa Ina, on Thursday. Balogun, with the display of the deceased’s photo, wrote, “Good night Legend Chief Deji Akinremi (Olofa Ina) RIP.”...…
EDITORIAL: The US Senate s3x scandal
RECENTLY, a United States Senate staffer, Aidan Maese-Czeropski, was alleged to have been involved in a s3x session in a Judiciary Committee hearing room. He was said to have engaged in the act with another male. As massive outrage greeted the act, the office of his employer, Democrat Senator Ben Cardin (Maryland), announced on social media that the culprit no longer had his job.…..…
