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Kogi Assembly threatens to arrest bank MD

By Idara Akaniyene
10 November 2021   |   3:06 am
Kogi State House of Assembly has threatened to issue a warrant of arrest against the managing director of a new generation bank, should he fail to appear before it next Tuesday.

Kogi Assembly

Kogi State House of Assembly has threatened to issue a warrant of arrest against the managing director of a new generation bank, should he fail to appear before it next Tuesday.

The House had invited the MD last two weeks to clarify issues surrounding the N20 billion bailout his bank claimed it would send back to the Central Bank of Nigeria (CBN).

But he failed to honour the invitation, according to the Speaker, Matthew Kolawole. 

Upon resumption of plenary yesterday, the regional manager of the bank and the council were at the Assembly, but the Speaker insisted they would not be allowed to speak, except they tendered a letter from the MD authorising them to represent him.

Kolawole noted that the House was giving the bank’s boss one week to appear before it, noting that any attempt to dishonour the invitation will force the House to use every legal means to make him appear.

He pointed out that the claim that the state government fixed the bailout fund in an account with the bank had brought embarrassment to the government and the people of Kogi.

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