News Editor
The Kogi Assembly has extended its ultimatum for Sterling Bank Plc. Managing Director, Mr. Abubakar Suleiman to appear before the House to Dec. 8, 2021.
The House had on Nov. 9, threatened to issue a warrant of arrest against the managing director if he fails to appear before it today (Tuesday).
The Assembly had summoned the MD of Sterling Bank PLC following controversy surrounding the N20 billion salary bailout funds belonging to the state.
The EFCC had accused the state of stashing the funds instead of utilising it for the purpose it was meant for. The Anti-graft Agency on Friday announced it has refunded the sum of N19.3 billion bailout to the Central Bank of Nigeria (CBN).
A source at the Kogi state House of Assembly told TMS News on condition of anonymity that the MD has been summoned to appear before the Assembly on Monday 8th December 2021.
“I will keep you abreast of further happening.
“We have summoned the MD Sterling to KSHA on the 8th of Dec.” He said
Recall that the Kogi state government had earlier denied hiding the money, accusing EFCC of mischief. But in a statement on Friday, Wilson Uwujaren, spokesman of the EFCC, said the money had been transferred to the apex bank.
