✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Alhaji Alhaji: Why IBB fired Olu Falae and appointed me Finance Minister

Abubakar Alhaji Alhaji, former Finance Minister, has opened up on an encounter between ex-Military President Ibrahim Babangida (IBB) and Chief Olu Falae.

Abubakar Alhaji Alhaji, an elder statesman, has opened up on an encounter between ex-Military President Ibrahim Babangida (IBB) and Chief Olu Falae.

Falae had served as minister of finance under IBB, but the military president later replaced him with Alhaji.

Speaking when he featured on Reminiscence, a programme on Trust TV, Alhaji, who is a British trained scholar, said Babangida found out that Falae transferred N2 million to London for his purported Presidential ambition at the time.

“I took over from Olu Falae, who transferred N2million to the Nigerian High Commissioner because he wanted to become president. Babangida got to know of this transfer. Babangida got to hear of it and sacked him as minister of finance and appointed me,” he said.

Falae contested the 1999 presidential election under the Alliance for Democracy (AD) but lost to ex-President Olusegun Obasanjo.

In the Trust TV interview, Alhaji narrated how IBB later moved him to the UK High Commission as a diplomat.

“I was appointed a high commissioner to the UK at 3pm. Babangida said Alhaji was translating from the Ministry of Finance to the High Commission, but I knew he was getting rid of me,” he said.

Asked if he was happy being sidelined and sent abroad, he responded, “I took it in the stride.”

Alhaji also responded to a question on whether he bears a grudge against Babangida who didn’t allow him to complete his tenure as minister.

“To be honest, I didn’t like it. My brother, Aliyu Dasuki, was in hospital in Germany, so I stayed there for two months and people were bringing files from the High Commission to me. Babangida got to know this but I said I wanted to look after my brother first.”

Alhaji spent six years at the UK High Commission.

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.