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Three years after the Nigerian Senate recommended the resignation or sacking of Stella Okotete for alleged fraudulent misrepresentation, President Muhammadu Buhari has re-appointed her for another term of five (5) years.
Recall that in 2019, the Nigerian Senate recommended the resignation or sacking of Stella Okotete, the Executive Director (Business development) at the Nigeria Export-Import (NEXIM) Bank over fraudulent misrepresentation regarding her qualification.
However, three years after the recommendation by the lawmakers, Okotete was re-appointed by President Muhammadu Buhari for another term of five (5) years.
NEXIM is an export credit agency in Nigeria, established in 1991.
In its function, NEXIM focuses on the development and expansion of the non-oil sectors of the Nigerian economy, with a view to reducing the country’s over-reliance on oil exports.
In a report in 2019 by the Senate Committee on Ethics, Privileges and Public Petitions, it was revealed that Okotete fraudulently misrepresented her qualification to hold the post of Executive Director at the bank.
The Senate document alleged that the chieftain of the ruling All Progressives Congress did not have 15 years post-graduation experience which is required to occupy the office as specified by the Central Bank of Nigeria circular of 15th October, 2015.
Thirteen of which must be in active banking service and two of such years as General Manager.
“Following from the above observation, the Committee wishes to recommend as follows: that since Stella Okotete didn’t meet the 18 years post-graduation qualification requirement to assume office as Executive Director at NEXIM or any other Bank for that matter, she be directed to vacate that office with immediate effect,” the report by the Senate committee read.
However, despite the Senate recommendation, some power brokers ensured that the report never saw the light of the day.
“She was also included in the Tinubu and All Progressives Congress presidential campaign council,” another source added.
