Fidelity bank banner Bayelsa State banner
Reps quiz Stanbic IBTC chief over N1bn account in alleged breach of TSA policy

By Adamu Abuh, Abuja on 16/05/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 370

•House of Representatives plenary session
•House of Representatives plenary session

The House of Representatives yesterday quizzed the managing director of the Stanbic IBTC bank, Mr Demola Sogunle as to why operated an Hyprep account of over N1 billion belonging to the Federal Ministry of Environment allegedly in breach of the treasury single account (TSA) policy.

The House, via, it’s Mr Abubakar Nuhu Damburam led ad-hoc committee probing into the level of implementation of the TSA Policy were taken aback that the financial institution operated such an account without a waiver from President Muhammadu Buhari as stipulated by the TSA policy.

Series of attempt by Damburam and other members of the committee to get Sogunle to show proof of approval of how the operation of the account by officials of the ministry involved N930 million and $4.9 million failed to yield dividends.

The committee insists that a letter from the bank at its disposal signed by the Chief of Staff to President Buhari conveying the decision to exempt the NNPC and the Petroleum ministry is not the same as an approval to exempt the ministry of environment.

Sogunle, however, claimed the decision by his outfit to operate the account was duly approved by government maintained that it would be a tall order for him to go out of his ways to get President Buhari’s approval.

Said he: “I want the understanding of the committee on where we are coming from. We cannot write to an entity or be dictating to an entity. I cannot write to the Bank of England for permission and be insisting that the Governor of England be the one to sign it.

 

I can’t say this document must be signed by President Buhari. It does not exist. Even if you ask me to come forty times, I can’t do it. ”

Sogunle who was directed to come forth with the evidence by Damburam on Tuesday next week promised to avail the committee of the evidence at its disposal.

Adamu Kamale (Adamawa: PDP) warned that the committee would not grant audience to Sogunle in the event he goes out of his way to procure postdated approval from any of the top government functionaries.

Damburam who accused the managing director of First Bank Plc, Mr Adesola Adebuntan for allegedly refusing to appear before the committee to shed light on the level of his outfit compliance to the TSA policy threatened to issue a warrant of arrest on him over the act. (Guardian)

Source News Express

Posted 16/05/2018 12:18:53 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Protesters vow to shut National Assembly until demands...

Arrested Benue militia group’s alleged Spiritual Adviser killed...

Ethiopia arrests finance minister, 41 others in corruption...

INEC releases timetable for Dino Melaye’s recall

Catholic Bishop blasts FG for killing innocent citizen...

It’s too late to devalue naira —Zinox Boss...

Ex-Oyo governor’s son faces N40m fraud charge

Lagos targets N50 billion monthly IGR

Reps attempt to amend NLNG Act without shareholders’...

War against Boko: Army Chief bemoans challenge of...

Painting of Christ sells for record $450m

Chaos, panic, anger worldwide over Trump’s sweeping ban...

 

Latest News 2019: Atiku, Tambuwal, Saraki, Jang, others cross first hurdle Ohanaeze sabotaging Igbo interests — IPOB •Attacks Uwazuruike and South-East Governors Lagos APC: Controversy trails Sanwo-Olu’s alleged withdrawal Journalist sentenced to 5000 years in priosn laments ordeal 2019 Presidency: PDP may drop aspirants with graft cases FIRS to block bank accounts of 6772 corporate tax defaulters APC mulls automatic tickets for National Assembly members We’re still being kidnapped, Igbo traders in Cross River cry out FG recalls Paris Club refund for 5 states •The affected states Osun Guber Poll: Declare PDP winner to avert national crisis, Secondus tells INEC •Cries blue murder Salary Arrears: Bayelsa Government assures workers of full payment Akwa Ibom royal fathers reiterate support for Governor Emmanuel

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (397,008 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (377,009 views) Shameless Genevieve Nnaji exposes breasts in public (308,869 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,834 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,529 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,768 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (200,288 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,801 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,943 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,496 views) Lagos plane crash: Journalist releases victims’ names (158,312 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (147,007 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (63) Business & Economy (3,628) Business Verdict (52) Columnists (933) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (547) Features (653) Global Business Monitor (301) International (2,434) Interview (165) Live Commentary (28) Love Matters (144) News (39,129) Opinion (1,111) Pidgin (11) Politics (6,747) Religion (873) Sports (1,706) Stock Watch (34) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Anthony Joshua vs Alexander Povetkin: Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement