President Tinubu Suspends Edu

President Bola Tinubu has suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu with immediate effect. The decision follows an alleged mismanagement and fraud over N585 million palliative fund redirected for private use.

A statement by presidential spokesman Ajuri Ngelale said this was in line with Tinubu’s avowed commitment to uphold the highest standards of integrity, transparency, and accountability in the management of the commonwealth of Nigerians.

Ngelale said that the President directed the Economic and Financial Crimes Commission to conduct a thorough investigation into all aspects of the financial transactions involving the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, as well as one or more agencies thereunder.

He said the suspended Minister was also directed to hand over to the Permanent Secretary of the Ministry. The suspended Minister was further directed by the President to fully cooperate with the investigating authorities as they conduct their investigation. Nigeria Eurobond Slumps after CBN Resumes OMO Auction

Furthermore, the President has tasked a panel that is headed by the Coordinating Minister of the Economy and Minister of Finance to, among other functions, conduct a comprehensive diagnostic of the financial architecture and framework of the social investment programmes.

This is to conclusively reform the relevant institutions and programmes in a determined bid to eliminate all institutional frailties for the exclusive benefit of disadvantaged households and win back lost public confidence in the initiative.