BUA Chairman Rejects APC Finance Committee Membership

Abdulsamad Rabiu, the chairman of BUA Group, has declined his nomination to the finance committee set up by the APC, citing his preference for an apolitical stance.

VerseNews reports that the billionaire industrialist, a close ally of President Bola Tinubu, stated that he was not consulted before being included in the committee and cited his demanding schedule as a reason for not being able to commit time.

BUA Group emphasized Mr. Rabiu’s consistent a political stance and his focus on economic growth through business initiatives and philanthropy.

The list of committee members, including Rabiu, was posted by the APC despite his earlier statement declining the offer.

“We acknowledge the recent publication in several Nige­rian national dailies dated December 1, 2023, regarding the purported appointment of our Chairman, Abdul Samad Rabiu, to a standing commit­tee of a political party.

“This statement aims to clarify his position, as well as that of BUA Group, on this matter.

“We extend our sincere appreciation to the APC for considering our Chairman for such a distinguished role.

“This acknowledgment reflects the recognition of his commitment, and that of BUA Group, to economic prosperi­ty and the development of our dear nation, Nigeria.

“However, it is important to note that our Chairman, Rabiu and BUA Group have consistently adopted an apo­litical stance over the years.

“This approach is integral to the nature of our business and aligns with Mr. Rabiu’s focus on fostering economic growth through BUA Group’s initiatives and philanthropic efforts through ASR Africa.

“With respect to this, we wish to inform the publish­ers, our partners, stakehold­ers, and the general public that Mr. Rabiu has decided to graciously decline the nomi­nation/appointment.

“This decision is made in light of the fact that he was not previously consulted re­garding his inclusion in the list and his inability to com­mit time due to his demand­ing schedule.

“Our Chairman, Rabiu, is a firm believer in leveraging business acumen and phil­anthropic activities to drive development and positive so­cietal change, independent of political participation.

“His primary contribu­tions to Nigeria’s advance­ment will continue to be through strategic investments in the economy and philan­thropy, rather than through political affiliations or roles,” the statement read in part.