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President Muhammadu Buhari has sacked the Managing Director of the Niger Delta Holding Company of Nigeria Limited (NDPHC) James Olotu and appointed Mr. Chiedu Ugbo, as his replacement in acting capacity.
Secretary to the Government of the Federation (SGF) Babachir David Lawal made the announcement in a statement while announcing the dissolution of the Executive Management of the company.
“The Federal Government of Nigeria has dissolved the Executive Management of the Niger Delta Holding Company of Nigeria Limited. Consequently, the Managing Director of the company has been directed to hand-over immediately to Mr. Chiedu Ugbo, who has been appointed as the Acting Managing Director of the company.
“All Executive Directors of the Company and the General Manager Audit are directed to hand-over immediately to the most senior officer in their respective Departments. The Federal Government appreciates the services of the disengaged officers during their tenure of office,” Lawal said in the terse statement.
Secretary to the Government of the Federation (SGF) Babachir David Lawal made the announcement in a statement while announcing the dissolution of the Executive Management of the company.
“The Federal Government of Nigeria has dissolved the Executive Management of the Niger Delta Holding Company of Nigeria Limited. Consequently, the Managing Director of the company has been directed to hand-over immediately to Mr. Chiedu Ugbo, who has been appointed as the Acting Managing Director of the company.
“All Executive Directors of the Company and the General Manager Audit are directed to hand-over immediately to the most senior officer in their respective Departments. The Federal Government appreciates the services of the disengaged officers during their tenure of office,” Lawal said in the terse statement.