Promotion scam: Heads to roll in NEXIM Bank ·

 DSS, ICPC may quiz Acting MD

No truth in the allegation – Bank

Heads may roll at the headquarters of the Nigerian Export – Import, NEXIM Bank, following a petition sent to President Muhammadu Buhari by the Concerned Common Citizens of Nigeria, CCCN, alleging that the acting Managing Director, Mr. Bashir Wali and Executive Director, Corporate Services, Mrs Folake Oke Itohan conspired ‎to promote over 120 staff, with packages running into billions of naira without passing through the due process.
A highly placed security source‎ yesterday told Nigerian Pilot that the president has already ordered the Central Bank Governor, Godwin Emefiele, the Department of State Security Service, DSS and the Independent Corrupt Practices and other related Offences Commission, ICPC to commence investigations into the matter.
According to the source, the security agencies may quiz the two bank chiefs for interrogations, especially with regard to the welfare packages involved in the promotions. “This is specifically relevant as those favoured in the promotions are cronies of the acting MD and the Executive Director in charge of corporate services,” the source explained.
He further added that the CBN Governor who is the supervising officer of the bank may today issue a query to Wali and Mrs. Itohan to explain the sudden promotion of over 120 staff.
The NGO had on Monday urged President Muhammadu Buhari to order a full scale investigation into the alleged promotion scandal that has hit the Nigeria Export-Import, NEXIM Bank, saying the action of the acting Managing Director/Chief Executive of the specialised institution, Mr Bashir Wali, has the potential to embarrass the Federal Government, given the present economic conditions.
A petition jointly signed by CCCN’s President, Halima Yusuf and Secretary General, Unekwu Abubakar, expressed concern that the acting MD/Chief Executive and the Executive Director, Corporate Affairs, Folake Oke, who ordinarily are political appointees of the bank, are hiding behind a loophole created by the dissolution of the boards of government agencies to allegedly promote their cronies and allies in the bank.




Read the Nigerian Pilot newspaper for the full story.




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