Buhari fires Saratu Umar as NIPC boss

President Muhammadu Buhari has terminated the appointment of Hajiya Saratu Umar as the Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission (NIPC), with immediate effect.

Special Adviser to the President (Media and Publicity) Femi Adesina in a statement issued yesterday directed the Honourable Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo CON, the President to mandate the most senior Director in the Commission to immediately take over in the interim.

Hajiya Umar was  re-appointed last year  for second term for transforming the NIPC into a world-class investment agency and minimised revenue leakages, saving the country N500 billion, for which she received a commendation from the Revenue Mobilization Allocation and Fiscal Commission (RMFC).

Umar, who was first appointed to the position in July, 2014, holds a Bachelor of Science degree in Economics from the Ahmadu Bello University, Zaria and an MBA in Finance and Banking.