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NAHCO GMD/CEO Resumes After 3-Week Suspension

By Dipo Olowookere

The group managing director/chief executive of the Nigerian Aviation Handling Company (NAHCO) Plc, Mrs Adetokunbo Fagbemi, has resumed at her duty post.

Mrs Fagbemi was earlier suspended by the board of the company, which is listed on the Nigerian Stock Exchange (NSE).

She was punished by the board over her failure to obey an instruction and for the period she was away from her office, she would be paid half salary.

A statement issued by the organisation explained that Mrs Fagbemi got into trouble when her team could not give cogent reasons why the equipment ordered overseas could not be delivered at the required time.

NAHCO had purchased equipment for the smooth running of its operations and the management was expected to secure the delivery of the item from the vendor within the contracted period.

She was specifically told to get the certified bill of lading for the equipment by February 2, 2021, and when she could not explain why this could not be achieved, she was asked to go on suspension from the next day.

Her seat was then occupied by the group executive director in charge of Corporate Services, Mr Olumuyiwa Olumekun.

“The GMD/CEO was suspended by the board at its meeting held on January 27, 2021. The suspension was due to management’s failure to diligently secure the delivery of a purchased equipment from the vendor within the contracted period and management’s inability to provide satisfactory/acceptable reason for the unreasonably very long delay.

“The suspension was in line with the board’s earlier decision that if a certified bill of lading for the equipment was not received by February 2, 2021, the GMD/CEO shall proceed on suspension with half pay until receipt of acceptable evidence of equipment shipment from the manufacturer,” a part of the statement signed by the company secretary, Bello Abdullahi, disclosed.

“The board is, however, pleased to inform the investing public and the exchange that on Tuesday, February 24, 2021, a satisfactory evidence of departure and arrival dates of the equipment has been received by the board from the equipment manufacturer.

“Consequently, the board at its emergency meeting on February 24 has recalled the GMD/CEO from the suspension and she has resumed work,” the statement added.

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