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Thursday, May 19, 2022

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Sadiku bows out at NIPC after 5-year tenure with no hope of renewal

The tenure of the Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Yewande Sadiku camed to an end on Friday and she handed over position to Emeka Offor who will now act as Executive Secretary until the president appoint a substantive head for the commission.

Sadiku, a former bank chief at the Stanbic IBTC was appointed the head of the commission in 2016 for a five-year tenure. 

However, her tenure was rocked by allegations of wrong doing, leading to her been invited by the operatives of the Economic and Financial Crime Commission (EFCC) early in the year for questioning.

GFD learnt that some vested interest who were opposed to the renewal of her appointment for a second term in office after the expiry of first term this month pettitioned against her handling of the affairs of the commission, leading to her EFCC ordeal.

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It was also learnt that she was actually not interested in a second tenure and had made such decision known to some of her aides, but those who are oppposed to her were not sure she would not be reappointed.

During her tenure, the commission successfully published details of the applicants and beneficiaries of the pioneer status incentive and also the details of the Internatlly Generated Revenue (IGR) and appropriation budget of the commission.

Her transparency, may have been the major issue used against her by those who don’t want her back in office after her initial tenure.

Sadiku was head hunted by the minister of Trade and Investment, Niyi Adebayo, who also have significant interest in Stanbic IBTC and believed that a private sector operator could help drive reform in the commission.

The outgoing NIPC boss said she was proud of her achievements during her tenure.

She also expect that her legacy of transparency will be maintained after her tenure at NIPC.

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