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Wabote, Others Impress Buhari, to Remain in Office

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NCDMB NCI Fund

By Modupe Gbadeyanka

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has been asked to remain in office following his impressive performance since he was appointed a few years ago.

A statement issued on Friday by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, said Mr Wabote was asked to retain the position following the recommendation by the Minister of State Petroleum Resources, Mr Timipre Sylva, to President Muhammadu Buhari.

The presidency said the Minister informed Mr Buhari of how the local content agency has contributed to the development of the oil and gas sector in the country.

Subsequently, his appointment was renewed along with others in the ministry, including Dr Bello Aliyu Gusau, who gets another nod as the Executive Secretary of Petroleum Technology Development Fund (PTDF); and Mr Ahmed Bobboi, who will remain as the Executive Secretary/Chief Executive Officer of Petroleum Equalization Fund (PEF).

Mr Wabote won his pips for managing the Nigerian Content Development Fund prudently, completing the headquarters building of NCDMB, and also initiating many landmark projects that are widely commended by industry players.

On the part of Mr Gusau, he is credited to have run the PTDF successfully in the past four years, keeping faith with the Seven Strategic Priorities he had introduced in January 2017. These are: Domestication, Cost cutting, Sustainable funding, Efficient internal processes, Linkages with the industry, Utilization of centres of excellence, and Pursuit of home-grown research.

For Mr Bobboi, his reappointment was for running PEF in a way that made it a key and strategic player in the administration’s oil and gas reforms, especially in stabilizing the supply and distribution of petroleum products across the country, among others.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Buhari Appoints Adamu Tutuwa as New FIIRO DG

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Adamu Tutuwa FIIRO

By Adedapo Adesanya

President Muhammadu Buhari has approved the appointment of Ms Adamu Tutuwa as the substantive Director-General and Chief Executive Officer of the Federal Institute of Industrial Research, Oshodi (FIIRO), Lagos.

This was contained in a statement signed by the Permanent Secretary, Federal Ministry of Science, Technology and Innovation, Mrs Monilola Udoh, on Friday in Lagos.

The statement said that Ms Tutuwa was the Director of the Biotechnology Centre of the National Biotechnology Development Agency in Jalingo, Taraba, until her new appointment.

It added that Tutuwa’s vast experience in science research and development would come in handy as a veritable tool to give FIIRO a further push into the commonwealth of renowned scientific, technology and research nations.

“With her core competence in biotechnology and her affiliation to scientific donor agencies, hopes are high that her new constituency will benefit therein,” it said.

Ms Tutuwa’s appointment takes effect from May 10, 2022, with a five-year non-renewable tenure.

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Finance Minister Suspends Ahmed Idris for Unhindered Investigation

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suspend Ahmed Idris

By Aduragbemi Omiyale

To allow for a “proper and unhindered investigation,” the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has suspended the embattled Accountant General of the Federation (AGF), Mr Ahmed Idris.

Mr Idris was asked to stay from office over his arrest by the Economic and Financial Crimes Commission (EFCC) on Monday for an alleged N80 billion fraud.

In a statement issued on Monday, the EFCC claimed that the AGF failed to honour invitations sent to him to explain what he knows about the matter, prompting his arrest.

According to the agency, Mr Idris committed the alleged act by taking “funds through bogus consultancies and other illegal activities using proxies, family members and close associates.”

“The funds were laundered through real estate investments in Kano and Abuja,” the statement further stated.

The arrest of the nation’s chief accountant has generated reactions from various quarters, prompting the Minister to suspend him on Wednesday.

In a letter confirming the suspension today, the Minister said the AGF is not expected to have any contact official in his office except for any disciplinary hearing that may be advised and will not receive any salary while on suspension.

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Osita Chidoka Leaves Guinea Insurance Board

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Osita Chidoka

By Dipo Olowookere

Former Minister of Aviation, Mr Osita Chidoka, has resigned from the board of Guinea Insurance Plc to concentrate on his private matters.

A statement signed by the company secretary, Ms Chinneye Nwankwo, disclosed that the politician, who was once the Corps Marshal and Chief Executive of the Federal Road Safety Corps (FRSC), served on the board as a non-executive.

During his time on the board, he contributed immensely to the growth of the underwriting company and the team appreciated him for this.

In the notice, Guinea Insurance wished the member of the opposition Peoples Democratic Party (PDP) well in his future endeavours.

“Guinea Insurance Plc wishes to inform the Nigerian Exchange Limited (NGX), its esteemed shareholders and the general public of the resignation of Mr Osita Chidoka from the board of directors of the company.

“The resignation of Mr Chidoka is to enable him more time to pursue his private business. The board recognized his immense contributions, selfless service and commitment to the progress of the company and wished him success in his future endeavours,” the disclosure stated.

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