• About
  • Advertise
  • Contact
Friday, October 3, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

AMML Leadership Crisis : Yakubu Resumes As Acting MD

Vital News by Vital News
July 17, 2023
in Business
0
AMML Leadership Crisis : Yakubu Resumes As Acting MD
Share on FacebookShare on Twitter

 

Abuja – Engr. Mohammed Abbas Yakubu has formally resumed as the Acting Managing Director at Abuja Markets Management Limited (AMML).

Yakubu’s appointment as the Acting MD of AMML follows the sacking of the former Managing Director, Alh. Abubakar Usman Faruk who was unanimously removed from office by the shareholders of AMML today 17th of July, 2023.

Engr. Yakubu’s resumption was heralded with wild jubilation by members of staff even as he quickly got off to several meetings and business.

On the 14th day of August, 2020, Alhaji Abubakar Usman Faruk who was appointed as the Managing Director of AMML by a letter dated 2nd April, 2009 by the Honourable Minister of the Federal Minister of the Federal Capital Territory was redeployed by the Honourable Minister on 20th August, 2020 to the Department of Human Resources of the Federal Capital Territory Administration.

RelatedStories

Dangote Refinery Reviving Moribund Companies In Nigeria – Manufacturers

SON Commends Dangote Cement For Achieving Excellence In Nigeria’s Manufacturing Sector

Dangote Cement, Obajana, Secures IMS Certification, Raises Standard In Manufacturing

President Tinubu Commiserates With Families Of Victims Of Afriland Towers Fire Incident

Upon Alhaji Faruk’s redeployment, he seamlessly handed over to Arc. Ibrahim Uzaibat, who occupied the position as Acting Managing Director until he retired in February, 2022 and was succeeded by Engr. Mohammed Abbas Yakubu.

However, about two years after his redeployment, in March, 2023 Alh. Faruk filed a suit at the National Industrial Court of Nigeria challenging his redeployment and seeking to be reinstated which case is still pending and comes up on 20th July, 2023.

In April, 2023 he filed another suit at the Federal High Court Abuja seeking to be reinstated.

Despite the challenge by lawyers to AMML that he was seeking the same relief of reinstatement at the National Industrial Court of Nigeria for that reason the suit was an abuse of the process of the honourable court, the Federal High Court dismissed the objection and entered judgment in favour Alh. Faruk.

Armed with the order of the Federal High Court, Alh. Abubakar Usman Faruk went to AMML on Thursday, 13th July, 2023 and took over the management of the company.

Aggrieved by the action of Alh. Abubakar Usman Faruk, the shareholders of the company terminated his appointment on Monday, 17th July, 2023 and directed him to handover all company property in his possession.

The letter signed by the Group Managing Director of AICL, assured Alh. Faruk of the payment of his one-month salary in lieu of notice which he is to receive upon handing over all company property in his possession.
(vitalnewsngr.com)

Tags: ammlcrisisLeadershipMD
Previous Post

Tinubu, Other AU Leaders Re-affirm Commitment To Integration, Development, Co-operation At Nairobi Meeting

Next Post

APC Postpones NEC, Caucus Meetings Indefinitely Over Adamu, Omisore’s Sudden Resignation

Vital News

Vital News

RelatedStories

Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Business

Dangote Refinery Reviving Moribund Companies In Nigeria – Manufacturers

September 24, 2025
Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire
Business

SON Commends Dangote Cement For Achieving Excellence In Nigeria’s Manufacturing Sector

September 23, 2025
Dangote Cement, Obajana, Secures IMS Certification, Raises Standard In Manufacturing
Business

Dangote Cement, Obajana, Secures IMS Certification, Raises Standard In Manufacturing

September 22, 2025
C-ISOWN Praises President Tinubu On Credible Delivery Of Social Welfare Programmes, Achievements In Nigeria
Business

President Tinubu Commiserates With Families Of Victims Of Afriland Towers Fire Incident

September 18, 2025
Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair
Business

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair

September 15, 2025
Next Post
APC Postpones NEC, Caucus Meetings Indefinitely Over Adamu, Omisore’s Sudden Resignation

APC Postpones NEC, Caucus Meetings Indefinitely Over Adamu, Omisore's Sudden Resignation

Nigeria’s Inflation Jumps To 22.79pct

PDP's Witness Blames Lawyer For Repetition, As Election Tribunal Battles Witness Inconsistencies, Lies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Kogi Empowers 120 Women With Tools To Boost Small-Scale Businesses

Kogi Empowers 120 Women With Tools To Boost Small-Scale Businesses

12 months ago
We Have Enouygh N1,000, N500, N200 New Notes To Circulate Nationwide – CBN

CBN Governor, Emefiele Resumes Duty After Annual Leave, DSS Denies Arresting Him

3 years ago

Gateway Cargo Airport Will Be Economically Viable – Ogun Govt.

3 years ago
Ogun Govt Disowns Online Cash Palliative Message

Ogun’s N5bln Intervention Palliative Impacting Lives Of Residents – Akinmade

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

Bandits Kidnap Police Officer In Kwara

Death Toll In Ibaji Boat Mishap Rises To 36

Arrest of 147 Terrorists In One Week, Confirms Tinubu Is Boosting Troops’ Morale – Group ‎

Fubara Sacks Commissioners, SSG, SAs, SSAs

2027 : Group Holds Awareness Walk In Kogi, Reaffirms Commitment To Vision, Leadership Of President Tinubu

Trending

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From  October 29
News

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29

by Vital News
October 2, 2025
0

The Kogi State Government says it will commence strict enforcement of ban on Zariagi, Osara and other...

Realnews Announces Theme, Date For It’s 13th Anniversary Lecture

October 2, 2025
Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji,  For Hard Work, Dedication

Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication

October 2, 2025
FG Cancels Independence Anniversary Parade

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

October 2, 2025
Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Bandits Kidnap Police Officer In Kwara

October 2, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29 October 2, 2025
  • Realnews Announces Theme, Date For It’s 13th Anniversary Lecture October 2, 2025
  • Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication October 2, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In