President Tinubu Suspends REA MD, Executive Directors Over ‘N1.2bn Fraud’

President Bola Ahmad Tinubu, has suspended the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, over alleged fraud running into several millions of Naira.

The suspension was contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President, (Media & Publicity), on Thursday.

The President, according to Ngelale, also suspended three Executive Directors of the Agency, from office.

Meanwhile, Abba Abubakar Aliyu has been appointed by President Tinubu as Managing Director/CEO of the agency.

The statement reads, “In the light of new 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 the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, alongside three Executive Directors of the Agency, from office:

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

(2) Barka Sajou — Executive Director, Technical Services

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

“Furthermore, President Tinubu has 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.

“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:

(1) Abba Abubakar Aliyu — Managing Director/CEO

(2) Ayoade Gboyega — Executive Director, Corporate Services

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

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

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

“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”.