N1.2Bn Fraud: Tinubu suspends REA’s MD, three directors, orders probe

President Bola Tinubu has suspended the Managing Director/Chief Executive Officer of the Rural Electrification Agency, Ahmad Salihijo, alongside three Executive Directors of the Agency, indefinitely.

A statement signed by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, on Thursday, said this followed “new findings unearthed during a comprehensive investigation into the financial activities of the Rural Electrification Agency,”

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The statement is titled, ‘President Tinubu suspends Rural Electrification Agency managing director and team from office.’

Also, aside from Salihijo, the President also suspended the Executive Director, Corporate Services, Olaniyi Netufo; Executive Director, Technical Services, Barka Sajou and Executive Director, Rural Electrification Fund, Sa’adatu Belgore.

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The statement said the president also ordered a wider investigation into the conduct of the officials in “a fraudulent misexpenditure amounting to over N1.2bn over the past two years, some of which has already been recovered by anti-graft agencies.’’