March 1, 2024

SACKED ABUJA MARKETS MANAGEMENT MD REMAINS IN OFFICE AFTER 14 YEARS, DROPS RIBADU’S NAME AS BACKER

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SACKED AMML MD REMAINS IN OFFICE AFTER 14 YEARS;
‘SACKS 7 MGT STAFF
DROPS RIBADU’S NAME AS BACKER.

The crisis rocking Abuja Markets Management Limited has taken a new turn as the sacked Managing Director, Abubakar Usman Faruk who continued to parade himself as the MD has reportedly ‘sacked ‘ all Management staff of the Company opposed to his continued stay.

Faruk who was removed as the Company’s MD by its shareholders following a resolution passed on the 17th of July 2023 had continued to parade himself as Managing Director; not only ‘dismissed’ seven of the key staff but also published a disclaimer in the dailies.

In a manner an insider described as

depicting of a ‘drowning man’, Faruk appears to be out to destroy everything he could in the company even while illegally and temporarily occupying the seat.

In an effort to remain on the seat, Alh. Faruk is said to be applying every trick in the book including dropping the name of the newly appointed National Security Adviser (NSA) Mallam Nuhu Ribadu as his backers. He is said to be married to a relation of the NSA.

Faruk had returned with a court order purpotedly reinstating him,three years after being redeployed by the immediate-past FCT Minister Mallam Mohammed following issues surounding development of market stalls opposite Area 7 UTC shopping complex .
He was said to have embarked on self help in enforcing the said order and had continued

to parade himself as the MD of the company.
Bouyed by this development, Faruk is said to be going around dragging the name of the NSA as his source of power, staying in office even after he has been sacked by his employers.
In a swift reaction to a disclaimer purpotedly authored by Abuja Markets Management Limited, howver, the Federal Capital Territory Adminstration (FCTA) and Abuja Investments Company Limited (AICL) have all debunked the sack as well as the disclaimer.
In a Notice jointly signed FCTA and AICL, noted that ‘the attention of the  Shareholders  and Directors of Abuja Markets Management Limited (AMML) has been drawn to a purported publication on Wednesday August 2 2023 in Thisday and Leadership Newspapers to the effect that AMML has disengaged some staff as

suggested  on the said publications.

This disclaimer notice is made to debunk the said publication  dismissing the said Management Staff as false and not authorised  by either the Management, Board of Directors or  Shareholders of AMML”, it continued.

They stated further that ‘the Board is aware that one Alh. Abubakar Usman Faruk whose appointment as Managing Director of AMML was effectively terminated vide a termination letter dated July 17 2023 continued to purportedly impersonate the office of the MD AMML.

They therefore maitained that the termination of Alh. Abubakar Usman Faruk’s employment  as the MD of AMML  remains in force, adding that ‘having been effectively removed from office, Alh.

Abubakar Usman Faruk can no longer  act on behalf of Abuja Markets Management Limited(AMML) as its Managing Director”.

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