Date Published: 07/23/09

Okiro fired, Onovo steps in

Mike Okiro

The Inspector General of Police, Mike Okiro has been removed. He is immediately replaced by AIG, Ogbonna Onovo who is in acting capacity as the new Inspector General of police.

Reasons for the removal of the controversial Okiro were not made public as at press time but sources say it may not be unconnected with series of scandalous allegations against the former Police boss.

Only recently, t he Nigeria Deposit Insurance Corporation (NDIC) accused Okiro of contributing to the liquidation of Lead Bank Ltd.

NDIC alleged that Okiro contributed to the bank’s insolvency by failing to repay credits of more than N166 million extended to him between 2000 and 2001.

The corporation alleged that Okiro secured the loan to finance a pipeline laying contract that he won from Nigeria Agip Oil Company (NAOC), adding that he used his family business enterprise, Hekiro Nigeria Ltd, to obtain the loans.