N20bn bailout: Sterling Bank MD again fails to appear before Kogi Assembly

Abubakar Suleiman 1

N20bn bailout: Sterling Bank MD again fails to appear before Assembly

The Managing Director of Sterling Bank , Abubakar Suleiman has failed to appear before the Kogi State House of Assembly to clear the air on the N20bn which the bank alleged was kept in a fixed deposit by the state government.

The House had invited the Managing Director to appear before it in person on to clarify the N20bn Bailout Fund it claimed to have sent back to the Central Bank of Nigeria.

Upon resumption of Plenary on Tuesday, the bank sent a letter to the House, urging the Assembly to reschedule his .

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According to the letter, the Managing Director is currently attending AFREXIM Trade fair holding in Africa.

The Speaker after reading the letter said it was not written on the letterhead of the bank, pointing out that the logo on the letter is different to that of the bank.

He, therefore, directed the Managing Director to appear before the House in the next few weeks as failure to do so, will compel the House to issue a of against him.

Meanwhile, the Kogi State House of Assembly has confirmed the nomination of Irojah Femi and Abu Adams as permanent members of the State Pension Commission.

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This followed the of the nominees at the Committee of the Whole House.

The Speaker urged them to justify the confidence reposed in them by bringing their wealth of experience to bear in the discharge of their duty.

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