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Group Seeks President Buhari’s Intervention as Promotion scandal hits NEXIM bank

by on February 29, 2016
 

The Concerned Common Citizens of Nigeria (CCCN) has urged President Muhammadu Buhari to order a full scale investigation into the promotion scandal that has hit the Nigeria Export-Import (NEXIM) Bank saying the action of the acting Managing Director/Chief Executive of the specialized institution, Mr Bashir Wali has the potential to embarrass the Federal Government given the present economic conditions.

A statement jointly issued by CCCN’s President Halima Yusuf and Secretary General, Unekwu Khadijat Abubakar expressed concerns that the Acting MD/ and the Executive Director Corporate Affairs, Folake Itohan 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 promote their cronies and allies in the bank.

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The statement said the decision of the duo to unilaterally promote their cronies by hiding behind exercises earlier conducted by the dissolved board even though they are by law no longer supposed to remain in office.

It said, “ Their action is even more shocking because the honourable minister of finance held a meeting with the interim leadership to warn them about the present situation and specifically noted the bank’s non-performing loans that has left it vulnerable and in no condition to take on additional expenses. Yet they went ahead to carry out this action which everyone knows is in conflict with the present economic situation.

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“In addition to the promoting the staff via a memo issued late on Friday February 26, 2016, the Acting MD and Executive Director Corporate Services have compiled 120 names of their surrogates to be absorbed into NEXIM to join its payroll without any form of interview or advertisement anywhere as required by law.

“The point is that these two individuals are in a mad rush to perpetuate and perfect this illegality without the knowledge of the Central Bank of Nigeria (CBN), the Federal Ministry of Finance and other relevant authorities that have a say in the affairs of the bank.

“We also found out that the ED Corporate Services who was fond of cutting loans deal during her hey days as ED Business Development has launched her agents to start selling jobs slots to people in a cash-for-employment recruitment exercise that cannot hold water.” The statement revealed.

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It asked the interim management of NEXIM to revert and return the 92 staff that benefitted from the questionable promotions to the status quo until substantive Managing Director and management board is appointed for the bank.”

 

 

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