The appointment of Alhaji Abubakar Usman Faruk as Chief Executive Officer/Managing Director of Abuja Markets Management Limited (AMML) has been terminated by all the shareholders of the company.
The letter was served on him Monday morning, July 17.
According to the letter signed by Abubakar Malna Sadiq, on behalf of the Shareholders, though the termination as CEO/MD of AMML does not affect his status as Director of the company.
The letter read in part: “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.
“Accordingly, kindly handover all properties and items belonging to AMML to the Company with immediate effect from the date of receipt of this letter.
“Note that your one (1) 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.
“Note also that this termination as Chief Executive Officer/Managing Director of AMML does not affect your status as Director of the Company.
“On behalf of the Shareholders of AMMI, we appreciate your services and wish you the best going forward.”
