The Board of Directors of Nigerian Aviation Handling Company Plc (nahco aviance) has announced the recall of the Company’s Group Managing Director/Chief Executive Officer (GMD/CEO), Mrs. Adetokunbo A. Fagbemi from suspension over the Management’s inability to provide satisfactory reason for the long delay of purchased equipment.
As disclosed in a statement on the official website of the Nigerian Stock Exchange and signed by the Company’s Secretary, Bello A. Abdullahi Dikko & Mahmoud Solicitors, the company stated that the GMD/CEO was suspended by the Board at the Board meeting held on 27th January 2021.
According to the statement, “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 landing for the equipment was not received by 2nd February 2021, the GMD/CEO shall proceed on suspension with half pay until receipt of acceptable evidence of equipment shipment from the manufacturer.
“The suspension commenced from 3rd February 2021 and the Group Executive Director Corporate Services, Mr. Olumuyiwa A. Olumekun acted as the Group Managing Director/Chief Executive Officer.”
However, on Tuesday, February 24, 2021, the company disclosed that a satisfactory evidence of departure and arrival dates of the equipment was received by the Board from the equipment manufacturer.
Consequently, the Board at its emergency meeting on February 24, 2021, has recalled the Group Managing Director/Chief Executrve Officer, Mrs. Adetokunbo A. Fagbemi from the suspension and she has resumed work.
The Nigerian Aviation Handling Company Plc (nahco aviance) is an investment holding company in Nigeria with business interests in aviation services and support. This includes aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training.