Sunday, February 5, 2023
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home News Business & Economy

Nahco Aviance Recalls Suspended GMD/CEO Over Late Arrival of Purchased Equipment

February 25, 2021
in Business & Economy, News
Reading Time: 2 mins read
0
A A
0
Nahco Aviance Recalls Suspended GMD/CEO Over Late Arrival of Purchased Equipment
Share on FacebookShare on Twitter

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.

Read Also: NIGERIA LOSING JOBS TO CHINA OVER MORIBUND FACILITIES, SAYS DPR

Tags: GMD/CEONigerian Aviation Handling CompanyRecallSuspension
ShareTweetSend
Previous Post

Forex Alert: Naira depreciates by 20kobo to N408.80/$ in I & E Window

Next Post

Cryptocurrency: “It is money created out of thin air” – CBN Governor

Related Posts

REVEALED! Bank officials hiding new notes behind old notes
News

REVEALED! Bank officials hiding new notes behind old notes

February 4, 2023
43
Banks suffer 11% reduction in new loans as customers resist interest rate hike
News

Shortage of New Naira notes: Emefiele begs Nigerians, says CBN addressing supply hiccups

February 3, 2023
62
Banks suffer 11% reduction in new loans as customers resist interest rate hike
Business & Economy

New Naira Notes: CBN allows  banks to pay N20k per day over-the-counter

February 2, 2023
41
New Naira Notes: Emefiele blames banks for scarcity, abuse at parties
Finance

New Naira Notes: Emefiele blames  banks for scarcity, abuse at parties

January 31, 2023
36
Delia Ferreira Rubio, Transparency International Chairperson
News

Corruption: Nigeria ranks 150 out of 180 countries

January 31, 2023
33
INEC
News

Fuel scarcity could affect 2023 election logistics-INEC warns

January 31, 2023
29
Next Post
Cryptocurrency:

Cryptocurrency: "It is money created out of thin air" - CBN Governor

7 Major Public Toilet Etiquette Most People Flout

7 Major Public Toilet Etiquette Most People Flout

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

October 16, 2020
Covid-19: See List of Vaccination Centers in Lagos State

Covid-19: See List of Vaccination Centers in Lagos State

August 19, 2021
Banks suffer 11% reduction in new loans as customers resist interest rate hike

CBN reveals 9 Business Categories that recorded Increased Activity This Month

9
BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from 'Anonymous' hack

BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from ‘Anonymous’ hack

7
REVEALED! Bank officials hiding new notes behind old notes

REVEALED! Bank officials hiding new notes behind old notes

February 4, 2023
Banks suffer 11% reduction in new loans as customers resist interest rate hike

Shortage of New Naira notes: Emefiele begs Nigerians, says CBN addressing supply hiccups

February 3, 2023

Categories

  • Agriprenuers (12)
  • Books & Arts (7)
  • Business & Economy (436)
  • Capacity Building (25)
  • CDAs (2)
  • Community Champions (1)
  • Crime (196)
  • DEVELOPMENT (74)
  • Development Agencies (109)
  • Economy (318)
  • Education (192)
  • Entertainment (405)
  • Faith (55)
  • Finance (339)
  • Global (103)
  • Guest Columnists (17)
  • Health (242)
  • Health (56)
  • Industry (149)
  • LGAs (1)
  • Lifestyle (98)
  • MGDs (10)
  • News (2,298)
  • Politics (374)
  • Projects (2)
  • Relationships (70)
  • Security (164)
  • SMEs (15)
  • SPECIALS (87)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (26)
  • Uncategorized (70)
  • Your Community (33)
  • Youthprenuers (14)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam