x

Alleged #20bn Bailout Frauds: Sterling Bank MD Faces Threats Of Arrest In Kogi

From Noah Ocheni, Lokoja

Kogi State House of Assembly has threatened to issue a warrant of arrest against the Managing Director of Sterling Bank Plc, Abubakar Suleiman if he fails to appear before the house on Tuesday next week.

The House had invited the Managing Director in the last two weeks to clarify the #20bn Bailout Fund the Bank claimed it will send back to the Central Bank of Nigeria but failed to honour the invitation.

Upon resumption of Plenary on Tuesday, the Regional Manager of Sterling Bank, Enejo Ibrahim and Counsel to the Bank, Olukayode Enitan SAN were at the Assembly but the Speaker, Prince Matthew Kolawole said they will not be allowed to speak except they tender a letter from the Managing Director authorizing them to represent him.

The Speaker noted that “the House is giving the Bank Chief Executive Officer one week to appear before it and any attempt to dishonour the invitation will make house to use every legal means to make him appears before it.”

He pointed out that the claim that the State Government fixed the Bailout Fund in an account with the bank was an embarrassment to the Government and people of Kogi State.

According to him, investigations by the House Committee on Public Accounts revealed that the allegations were baseless and untrue, adding that the Assembly will get to the root of the matter.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

NAFDAC Issues Health Warning Over Certain Dove Soap, Deodorant Products

The National Agency for Food and Drug Administration and...

Eid Adha: DG NOA Calls For Tolerance Among Nigerians

By Joyce Remi-Babayeju The Director General of the National Orientation...

El-Rufai Not Liable in ₦900m Court Ruling — Legal Team Clarifies

The legal team of former Kaduna State Governor, Mallam...

Enehe Urges Muslims to Embrace Righteous Living

By Noah Ocheni, Lokoja The Chairman of Kogi State Internal...

Senator Joel-Onowakpo Lauds President Tinubu’s Strategic Efforts on Security

Senator Joel-Onowakpo Lauds President Tinubu's Strategic Efforts on Security By...

Mokwa Flood: FG Reassures Safety, uninterrupted vehicular Movement On Bridge

By Joyce Remi-Babayeju Following the Mokwa flood disaster which eroded...
spot_img

Related Articles

Popular Categories

spot_imgspot_img