Attorney General of the Federation Abubakar Malami is allegedly sabotaging the investigation into financial misappropriation at Nexim Bank led by Abubakar Abba Bello, E-nigeria! Newspaper can report.

The House of Representatives Ad hoc Committee on Recovered Loots and Assets of Government was informed yesterday of how millions of dollars developed wings and flew from the coffers of the Nigerian National Petroleum Corporation (NNPC) after the preliminary investigation of an alleged $300 million belonging to the Nigerian National Petroleum Corporation (NNPC) which was “hidden in a Polaris Bank account and remained unattended to for years.”

Tosin Ojaomo, the petitioner who was also a prosecutor in the case, revealed how billions of dollars in funds went missing from the export credit agency’s coffers.

During the hearing, he stated that individuals and corporations who had been holding on Nexim bank funds under the cover of loans and other intervention programs had vowed to refund them and had begun really honoring their commitments following the involvement of the then SPIP.
“Unfortunately, the Minister of Justice and Attorney General of the Federation sat on the case file, (thus) impeding the panel’s efforts to make progress,” according to Ojaomo.

Nexim Bank is a Nigerian export credit bank led by Abubakar Abba Bello, Managing Director and Chief Executive Officer.

Abubakar Abba Bello has more than 30 years of banking experience, including more than a decade in senior executive positions in corporate banking, regional and commercial banking, and public sector banking. Abba also worked as an auditor for a short time.

He was Executive Director of Unity Bank Plc, in charge of Corporate Banking, Agriculture, and the North Directorate, until his appointment as Managing Director and Chief Executive Officer of Nigerian Export-Import Bank in April 2017.

Abba has worked in international banking before. For numerous years, he served as the first Managing Director/CEO of United Bank for Africa Plc’s subsidiaries in the Republic of Chad and Zambia.

Abba has taken various leadership, advanced management, and executive management courses in Nigeria and overseas. He is a member of the Chartered Institute of Bankers of Nigeria, a Fellow of the Institute of Credit Administration, and an Institute of Directors member. He is a graduate of the Havard Business School’s Advanced Management Program.

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