President Bola Tinubu on Monday wielded the big stick, sacking two chief executives from the current administration.
They are Babatunde Irukera, the executive vice chairman of the Federal Competition and Consumer Protection Commission (FCCPC), and Alexander Ayoola Okoh, the Director-General of the Bureau of Public Enterprises (BPE).
In a statement announcing their sack by the Special Adviser to the President on Media and Publicity, Njuri Ngelale, their removal conforms with plans to restructure and reposition critical agencies of the Federal Government towards protecting the rights of Nigerian consumers and providing a strong basis for enhanced contributions to the nation’s economy by key growth-enabling institutions. President Bola Tinubu has dismissed the following Chief Executive Officers:
The two dismissed Chief Executives have also been directed to hand over to the next most senior officer in their respective agencies, pending the appointment of new Chief Executive Officers.
By this directive of the President, their removal from office takes immediate effect.
Although the reason for the dismissal of the two is not stated, Irukera has recently fined British American Tobacco (BAT) $100 million for engaging in conduct considered abusive by a dominant player in the market. In an interview with ARISE NEWS, Irukera also noted that the $110 million fine that BAT incurred was a reduced penalty as the company went through an administrative route to avoid judicial prosecution, which in turn, earned them a reduced penalty.
The FCCPC boss, speaking on the investigation into BAT, which started in 2020, and its conclusion said, “What the evidence ultimately showed was that the company and affiliates or associates had engaged in certain anti-competitive conduct and then violations of prevailing tobacco controls and public health measures.
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