THE Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL) has selected a new helmsman in an acting capacity following the removal of the Managing Director.
Saad Hamidu of the Central Bank of Nigeria’s Development Finance Department has been seconded to take the place of Aliyu Abdulhameed, who was fired last Thursday as a result of many petitions alleging corruption against him.
A copy of Hamidu’s appointment Dated December 6, 2023, obtained reads, “I am pleased to inform you of your secondment and appointment to the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc as the Acting Managing Director.”
The letter signed by Godwin Emefiele, Chairman Board of Directors of NIRSAL stated that Hamidu’s appointment was on a temporary basis for an initial period of three months or “upon your recall to the CBN, whichever one is earlier.”
“I hope you will serve meritoriously to justify the confidence reposed in you with this appointment,” the letter reads.
Sources at NIRSAL say that the acting managing director resumed work yesterday.
Recall that the embattled former MD’s sack was endorsed by the Board of the CBN following an approval from the Presidency.
