Buhari Sacks NIRSAL Boss Over N5.6bn Wheat Project Saga

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The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSALmanaging )’s director, Aliyu Abdulhameed, has been fired.

It was revealed that the removal might not be unrelated to several corruption claims.

He was accused of obtaining a multibillion naira loan guaranteed by NIRSAL for three investor businesses for the planting and harvesting of 20,000 hectares of dry season wheat in Kano and Jigawa, which was reportedly transferred by the companies with the knowledge of NIRSAL officials.

Abdulhameed had denied the allegation saying they were mastermind by faceless individuals to tarnish his image and that of the organisation.

However, following the report, operatives of the Economic and Financial Crimes Commission (EFCC) invited him and other officials of NIRSAL for questioning over their roles in the wheat project scandal.

Apart from the EFCC, the ICPC and the Police had also launched their investigations into the matter.

Insider sources who confirmed the development said following a directive from the Presidency, the MD was ousted last Thursday afternoon and escorted out of premises shortly after he briefly addressed staff.

Although he was yet to officially handover, a source who wouldn’t want to be named said the Board of NIRSAL was billed to name an acting MD.