Tag: GMD
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$9.8 million fraud: Court admits two exhibits against NNPC ex-GMD
Justice Abubakar Mohammed of the Federal High Court Abuja on Tuesday admitted into evidence a Certified-True-Copy of the interim order of forfeiture of 9.8 million dollars in the criminal trial of the former GMD of the NNPC, Andrew Yakubu. The court also admitted a certificate of delivery dated March 17, 2017 issued to the EFCC…
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Kachikwu writes Buhari, indicts NNPC GMD, Baru of illegalities, insubordination [Letters included]
The Minister of State for Petroleum, Dr. Ibe Kachikwu has written President Muhammadu Buhari over alleged acts of illegalities and insubordination by the Group Managing Director of the NNPC, Dr. Maikanti Baru. Kachikwu urged Buhari to be proactive enough in order to salvage the sensitive petroleum sector. In letter reads in part: “Parastatals in the…
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Ladi Balogun steps down as FCMB GMD, to be replaced by Adam Nuru
The First City Monument Bank Group (FCMB Group) on Tuesday announced a change in its leadership cadre effective from March 20, 2017. The Group Managing Director of the commercial banking arm, FCMB Limited, Ladi Balogun having spent 10years in that capacity is stepping down for Adam Nuru who is currently Executive Director in charge of…
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EFCC raids home of former NNPC GMD, recovers $9.2m
The Economic and Financial Crimes Commission (EFCC), on Thursday said it raided and found a whopping sum of $9.2m and additional 750,000 pounds in the private residence of the former General Managing Director of Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, in Kaduna. This was revealed by the Acting Chairman of the Commission, Mr.…