Breaking News

Senate threatens to issue arrest warrant against bank over pre-export financing facility

Kindly Share This Story:

By Henry Umoru

THE Senate has threatened to compel the Management of a bank (name withheld) to appear before it to provide information on the pre- Export Financing Facility of $3 billion in favour of the Nigerian National Petroleum Corporation, NNPC.

Senate, Border Closure by FG Divides Senators
Nigerian Senate

The  Chairman, Senate Committee on Petroleum, Upstream, Senator Bessey Albert Akpan, Peoples Democratic Party, PDP, Akwa Ibom North East has threatened to Issue a Warrant of Arrest against the International Bank if the required information did not get to the Committee on or before Thursday, 31 October 2019.

In a letter dated addressed to the Managing Director of the Bank, signed by the Committee Clerk, Anthony Ikem and made available to Vanguard, the Committee has asked the organisation to respond immediately.

Senate Ignores Contradictions, Criticisms, Passes MTEF/ FSP Documents

The letter is entitled, “Re: Request for Information on the pre- Export Financing Facility of $3 billion in favour of the Nigerian National Petroleum Corporation, NNPC.”

The letter read in part, ” Please refer to our letters on the above subject matter dated Wednesday, October 9, 2019, requesting for information and invitation for a meeting with the Committee ( Copies of letters attached for ease of reference)

” Note that the Committee is yet to receive the information as requested till date neither have you honoured the Committee’s invitation for a meeting.

“Take note that if the above information as requested in the Committee’s earlier correspondence does not reach the undersigned on or before Thursday, 31, October, 2019 and failure to appear before the Committee on Thursday, 7 November, 2019, the Committee will invoke Section 88 and 89 of the Constitution  of the Federal Republic of Nigeria as amended to conclude its investigations and findings.”


Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!