Abubakar Usman Faruk, the Managing Director of Abuja Markets Management Limited (AMML), has yet to vacate his office, seventeen days after the shareholders removed him from his position. The shareholders passed an official resolution on July 17, 2023, directing Faruk to cease being the chief executive of the firm.....KINDLY READ THE FULL STORY HERE▶
However, instead of stepping down, Faruk dismissed seven key members of staff and published a disclaimer in the dailies. The Federal Capital Territory Administration (FCTA) and Abuja Investments Company Limited (AICL) reacted to the disclaimer, disowning the sack of officials and the disclaimer….CONTINUE READING
In a joint notice, the FCTA and AICL clarified that the termination of Faruk’s employment as the MD of AMML, which was effectively done through a letter dated July 17, 2023, remains in force despite his continued purported impersonation of the office.
Some concerned shareholders allege that Faruk is using the names of the national security adviser, Mallam Nuhu Ribadu, and others as his backers to remain in office.
Furthermore, he claims to have a court order reinstating him, allegedly three years after he was redeployed by the immediate past FCT minister, Malam Mohammed Bello, following issues surrounding the development of market stalls opposite Area 7 UTC Shopping Complex.
