President Muhammadu Buhari has reportedly removed the Managing Director of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Aliiyu Abdulhameed from office.
The NIRSAL chief has been dogged by corruption allegations for several months.
The president ousted Mr Abdulhameed on Thursday afternoon, and he was escorted out of office shortly thereafter, according to NIRSAL insiders familiar with the development, Peoples Gazette reported on Friday.
“His exotic official vehicles were all withdrawn from him,” an insider said. “He left the office in a small Ford vehicle and was grandstanding that he would soon be back.”
The CBN has been guaranteeing all borrowings disbursed by NIRSAL, which is a parastatal of the government’s banker.
Mr Abdulhameed, who has long denied any wrongdoings, and a spokeswoman for NIRSAL did not immediately return requests seeking comments on Friday morning.