House Warns Bank CEOs To Appear Or Be Forced

The House of Representatives adhoc committee investigating non remittance to the National Housing Fund, NHF, and utilisation of funds from 2011 till date has warned that Chief Executive Officers of banks who failed to honour its invitation will risk being dragged to court.

The committee consequently gave the defaulting banks Thursday next week to appear with all the required information.

It also insisted that the Accountant General of the Federation, AGF, Dr. Oluwatoyin Madein and the acting governor of the Central Bank of Nigeria, CBN, Mr. Folashodun Shonubi must appear in person on Thursday.

Chairman of the ad hoc committee, Mr. Dachung Musa Bagos who disclosed this at the resumed sitting of the committee frowned at the attitude of CEOs who always pretend to travel out of the country whenever they are invited to give evidence to the parliament.

He warned that in as much as the committee would want to give fair hearing to every stakeholder, it will not hesitate to invoke the provisions of the law against anyone that attempts to undermine its authority or sabotage the investigation.

“We will not tolerate a situation whereby CEOs shy away from coming up to give evidence. Each time all the CEOs claim they have travelled abroad”.

“We insist on having the Accountant General of the Federation and the acting governor of the CBN appear before this Honourable committee unfailingly next Thursday at 11am. We are not going to entertain their representatives”, Bagos stated.

The Director, Banking supervision, Mr. Haruna Mustapha who represented the CBN governor was asked to go back.

The committee equally rejected taking any evidence from the director of IPPIS, Mr. Emma Deko who represented the AGF insisting that she must appear in person.

Bagos said “Today, we invited all the banks but only UBA, Zenith, Heritage and Sterling Bank came. We’ll not take it lightly with the absentee banks any longer. They must appear next Thursday”

Oduyemi Odumade, Edited By Grace Namiji