The sack is contained in a statement released by the Secretary to the Government of the Federation, Babachir David Lawal today June 10th.
Chiedu Ugbo has been announced as the acting MD of
the company.
The Federal Government of Nigeria has dissolved the Executive
Management of the Niger Delta Holding Company of Nigeria Limited.
Consequently, the Managing Director of the company has been directed to
hand-over immediately to Mr. Chiedu Ugbo, who has been appointed as the
Acting Managing Director of the company. All Executive Directors of the
Company and the General Manager Audit are directed to hand-over
immediately to the most senior officer in their respective Departments. 2.
The Federal Government appreciates the services of the disengaged
officers during their tenure of office.
(Signed) Engr. BD Lawal, Secretary to the Government of the Federation.
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