Close button
The Guardian
Email YouTube Facebook Instagram Twitter WhatsApp

FCT minister sacks AICL management, appoints interim committee


FCT Minister, Muhammad Bello

The minister of the Federal Capital Territory (FCT), Muhammad Bello has sacked the management staff of the Abuja Investment Company Limited (AICL) being investigated by the Economic and Financial Crimes Commission (EFCC) for alleged corrupt practices.

The affected staff include the Group Managing Director (GMD), Dr. Musa Ahmed Musa; Senior Vice President/Ag. GMD, Abdulsalam Salisu; Senior Vice President, Business Development, Sani Yakubu; Senior Vice President, Equity Management, Showole Wasiu Abiodun.

Others are SVP, Asset Management Ibrahim Aliyu; SVP Legal; Ibezim Francisca; SVP F & T, Owraigbo Japhet; Vice President, Asset Management, Abbas Yakubu Muhammed; and VP HR & A, Waziri Asabe.


Bello who announced the sack when he visited the management of AICL and chief executives of subsidiary companies explained that as the concerned owners and partners of AICL, it became imperative for the FCT Administration to take a firm action to protect its image and government assets.

He has subsequently put in place a seven-man interim management team headed by Dr. Bashir Isyaku to oversee the affairs of the company pending the outcome of the EFCC’s investigation.

The Guardian however, learnt that the disengaged top management taff of AICL were being investigated by the EFCC for graft related offences.

According to him, the administration took the decision to suspend the AICL management staff when it was inundated with series of corruption allegations leveled against them, coupled with the bad working relationship between the company and heads of subsidiaries.

“Over the years, when I reflect on the AICL, I feel elated because of the professionals it parades. However, a lot of issues have come to my attention; most of which we are handling and trying to resolve, Bello stated.

Receive News Alerts on Whatsapp: +2348136370421

No comments yet