President Muhammadu Buhari has terminated the appointment of Hajiya Saratu Umar as the Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission, with immediate effect.
This is contained in a statement on Thursday night by the Media Adviser to President Buhari, Femi Adesina.
“In a directive to the Honourable Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo CON, the President also mandated the most senior Director in the Commission to immediately take over in the interim,” Adesina said.
Saratu was appointed as the Executive Secretary/Chief Executive Officer of the NIPC for a fresh term of five years in July 2022.
She was first appointed to the position in July 2014.
She holds a Bachelor of Science degree in Economics from Ahmadu Bello University and an MBA in Finance and Banking. She is trained locally and internationally in all core aspects of her career, as well as in leadership, strategy, general management, risk management and corporate governance.
Umar is a technocrat, reformer, strategist, economist, investment promotion expert, export development specialist, with experience in banking and finance, investment and consulting segments of the public and private sectors of Nigeria.
In the short period of her service as Executive Secretary, she transformed the NIPC into a world-class investment agency and minimized revenue leakages, saving the country N500 billion, for which she received a commendation from the Revenue Mobilization Allocation and Fiscal Commission.
