Navy Holdings Limited Denounces Malicious Call for Investigation into Executive Director
Navy Holdings Limited (NHL) has vehemently refuted a recent publication circulating on various online media platforms, which urges investigative bodies including the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission, as well as high-ranking military officials, to probe the Executive Director of Operations, Commodore Gabriel Sunday Martins Aligwe.
According to a statement signed by the Group Public Relations Officer, Commander Blessed Nuhu, the allegations, which centre around purported violations of public rules and abuse of office, are malicious.
The company, under new management for approximately two months, clarified that no contracts have been granted by the revamped leadership. Instead, the management is currently engaged in renegotiating contracts that have reached expiration.
According to the statement, this has led to the temporary cessation of operations for developers with expired contracts, pending the outcome of these renegotiations.
“It is pertinent to state that NHL is a registered company with the Corporate Affairs Commission. The operations of NHL is fully guided by the provisions of the Companies and Allied Matters Act 2020 and other regulatory provisions. The Group Managing Director/Chief Executive Officer is responsible to a Board of Directors for the implementation of policies and decisions of the Board. In that case, no Director or any individual has the authority over award of contracts without the approval of the Board,” the statement partly read.
The statement urged the public to dismiss the online publication as baseless and misleading.
