President Bola Tinubu has suspended the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad.

In a statement, Presidential Spokesperson, Ajuri Ngelale, said the President also suspended three Executive Directors of the agency, saying this is in the light of new findings unearthed during a comprehensive investigation into the financial activities of the Agency.

The three Executive Directors equally suspended are: Olaniyi Alaba Netufo (Corporate Services); Barka Sajou (Technical Services) and Sa’adatu Balgore, the Executive Director at Rural Electrification Fund (REF).

Ngelale in the statement, added that President Tinubu has ordered a wider investigation into the conduct of the aforementioned officials in a fraudulent misexpenditure amounting to over 1.2 billion naira over the last two years, some of which has already been recovered by anti-graft agencies.

Following the suspension, the President appointed new persons to serve in the agency’s new management team in an acting capacity.

They are Abba Abubakar Aliyu as Managing Director/CEO, Ayoade Gboyega as Executive Director of Corporate Services, Umar Abdullahi Umar as Executive Director of Technical Services.

Others are: Doris Uboh as the Executive Director of Rural Electrification Fund (REF) and Olufemi Akinyelure as the Head of Project Management Unit, Nigeria Electrification Project.