Shareholders of Abuja Markets Management Limited sack CEO, MD

Shareholders of Abuja Markets Management Limited(AMML) have terminated the appointment of Alh. Abubakar Usman Faruk as its Chief Executive Officer/Managing Director.
The letter was served on him in the morning of Monday, 17th July, 2023.
The letter which was signed by the Chairman, Abuja Markets Management Limited, Abubakar Maina Sadiq, which was made available to the Nationalupdate in Abuja on Monday, titled: Notice of termination of Employment, reads in parts,

“We write to inform you that your services as Chief Executive Officer/Managing Director of Abuja Markets Management Limited (AMML) are no longer required.
“Your appointment as the Chief Executive Officer/Managing Director of Abuja Markets Management Limited (AMML) is therefore terminated with effect from July 17, 2023.”

The letter advised him to accordingly to kindly handover all properties and items belonging to AMML to the Company with immediate effect from the date of receipt of the letter.

“Note that your one month salary in lieu of this notice as well as other benefits and emoluments as per your Letter of Appointment shall be paid upon your evacuation of office and return of all properties of AMML.

The letter noted also that the termination as Chief Executive Officer/Managing Director of AMML does not affect his status as Director of the Company.

On behalf of the Shareholders of AMML, the letter expressed appreciation for his services and wish him the best going forward.