President Muhammadu Buhari has approved the appointment of Mr. Umar Hassan Waziri as the Chief Financial Officer (CFO) of the FGN Power Company Limited.
Mr. Waziri is to replace Mr. Shuaibu Ahmed who was responsible for managing the financial and administrative activities of the FGN PowerCo.
He is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) with over 20 years’ experience in accounting, auditing, and financing in the energy and public sectors.
This replacement follows the recent approval by Mr. president of the appointment of Mr. Shuaibu Ahmed as the new Executive Secretary of the Financial Reporting Council (FRC) for an initial four-year term, starting April this year.
Subsequently, Mr. Ahmed has so far resumed his new position as the Executive Secretary of FRC, having resigned from his former position as CFO of the FGN PowerCo.
Mr. Ahmed was among the five members of the executive management team of the Special Purpose Vehicle (SPV) for the implementation of the Presidential Power Initiative (PPI). He had displayed outstanding diligence in the execution of his duties.