AGF, CBN Gov, Others Risk Arrest for Shunning Reps Invitation

The House of Representatives ad hoc committee investigating non-remittance to the National Housing Fund and utilization of funds from 2011 to date today warned that the chief executive officers who failed to honour its invitation risk being subpoenaed.

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

It also insisted that the Accountant-General of the Federation, Dr. Oluwatoyin Madein, and the acting governor of Central Bank of Nigeria, Folashidun Shonubi, must next Thursday appear in person before the panel.

Chairman of the ad hoc committee, Musa Bagos, who disclosed this at today’s sitting of the committee frowned upon the attitude of CEOs who would always give excuses to have travelled out of the country whenever they were invited to appear before the parliament.

Bagos noted that 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 who attempts to undermine its authority or sabotage the investigation.

The committee insisted on having the Accountant General of the Federation and the acting governor of the CBN appear unfailingly next Thursday at 11am as their representatives will no longer be entertained.

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