The Managing Director of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Aliyu Abdulhameed, has been removed from office.
His removal may not be unconnected with multiple allegations of corruption against him, according to Daily Trust.
The medium had in January carried out an investigation on how a N5.6 billion loan guaranteed by NIRSAL for three investor companies for the cultivation of 20,000 hectares of dry season wheat in Kano and Jigawa States was allegedly diverted by the companies in connivance with NIRSAL officials.
Abdulhameed denied the allegations, saying they were masterminded by faceless individuals to tarnish his image and that of the organisation.
However, following the report, operatives of the Economic and Financial Crimes Commission (EFCC) invited him and other officials of NIRSAL for questioning over their roles in the wheat project scandal.
Aside the EFCC, the ICPC and Police also launched investigations into the matter.
The MD was reportedly removed last Thursday and escorted out of premises shortly after he addressing staff.
Although he was yet to officially handover, the Board of NIRSAL is set to name an acting MD.