By Agency Report
Governor Inuwa Yahaya of Gombe State has approved the dissolution of the Board of Directors of the state-owned Bubayaro Micro Finance Bank.
The Secretary to the State Government, Ibrahim Njodi, who conveyed the approval, said Mr Yahaya also suspended the bank’s Managing Director, Mr Mohammed Amtai.
The governor’s media aide, Ismaila Uba-Misilli, made this known in a statement he issued in Gombe on Saturday.
He said the governor’s decision followed the findings of a forensic audit into the financial activities of the bank.
He added that the decision was also based on recommendations made by financial consultants and an audit report by the CBN.
“The managing director is to hand over responsibilities to the most senior official in the bank.
“All suspended board members and members of management are instructed to promptly hand over all official assets in their possession,’’ Njodi said in the statement.
He said an interim management had been established for the bank and would report to Mr Abubakar Dauda, Permanent Secretary, Ministry of Finance and Economic Development, for further directives.
“The directives are aimed at ensuring transparency, accountability and the safeguarding of the bank’s integrity and maintaining public trust in the system,” Mr Njodi added. (NAN)
