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Controversy trails resignation of NAHCO MD/CEO

Controversy trails resignation of NAHCO MD/CEO
Written by Emma Eke

Though no reason has been adduced for the resignation of the Managing Director/CEO of Nigerian Aviation Handling Company (NAHCO), Mr. Norbert Bielderman, on Wednesday, sources say the pressure came from his home country, Germany, that he should quit the job over a series of crises rocking the board and management.

A senior management staff, who pleaded for anonymity , told Ripples Nigeria that the EFCC’s last visit to the NAHCO headquarters in Lagos did not go down well with the management.

He disclosed that a petition submitted to the Security and Exchange Commission in 2016 concerning the board’s alleged plan to reintroduce a controversial profit sharing formula that has been favouring some retired directors and board members had caused the anti graft agency to pay two visits to the company late last year and in 2017.

“The board, despite the protest from both the workers and other management staff has continued to hold secret meetings, strategising on how to rename the Management Support Agreement (MSA), whereby 3 per cent of all gross earnings of NAHCO would be paid to some designated directors and other board members“, the source disclosed.

Read also: How vandalism, oil theft denied Nigeria N3.8tn for 2017 budget

It could be recalled that the former chairman, Suleiman Yahyah, had to relinquish the position under controversial circumstances in 2016 based on the directive from SEC that the said percentage sharing be stopped.

Bielderman became the Chief Executive Officer and Managing Director of NAHCO in April 2015 respectively, after having served as its Director of Operations from December 6, 2013.

He also acted as the Chief Operating Officer since October 2014. Having joined the company in May 2010.

A statement dated, May 17, 2017, signed by Taiwo Ajakaye, Head, Corporate Communications of the company said Bielderman, who had given a three-month notice, would formally disengage from the company on Aug. 31, 2017.

 

 

 

 

 

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Emma Eke