Published On: Sat, Sep 5th, 2020

Yahaya Sets Up Interim Board For Microfinance Bank, Suspends Officials

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GOMBE/News Investigators/ In a bid to restructure and reposition the state-owned Bubayero Microfinance Bank, the Governor of Gombe state, Alhaji Muhammadu Inuwa Yahaya has approved the constitution of an 11- member interim board.

The board is headed by the Hon. Commissioner of Finance and Economic Development.

Members of the board are: Attorney-General and Commissioner for Justice, Commissioner for Local Government and Chieftancy affairs, Commissioner for Trade, industry and tourism, Accountant-General and Auditor- General for State.
Others are: Auditor-General for Local Governments 1 representative from each of the 3 senatorial districts and Alhassan Muazu is to serve as Secretary of the board

The governor, in a statement by senior special assistant, media and publicity, Ismaila Uba Misilli, on Saturday said the interim board at its inaugural meeting considered the report of the government appointed external auditors which revealed the actual position of the bank.

“The board also suspended the management of the bank and appointed an acting management during its second meeting. The suspended management are to proceed on recovery leave to enable them recover loans granted by them,” Mr. Misilli added.

The board assures all customers of the bank that the decision taken is in their interest and that of shareholders and will not in any way affect its services but only further improve and reposition the bank to perform its function.

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