…A member of the Senate Committee on Ethics, Privileges and Public Petitions reveals a fresh issue has emerged
The Senate Committee on Ethics, Privileges and Public Petitions has suspended the investigation of the United Bank for Africa (UBA).
Last week Tuesday, the Committee headed by Senator Ayo Akinyelure as its Chairman had invited to the management of UBA asking to appear before it on Wednesday (today).
According to Akinyelure, the crux of the summon was a reported N41 billion the bank owed the creditors and liquidators of the defunct Nigerian Telecommunications Limited and the Mobile Telecommunications Limited.
This was followed by a petition by the Senate Committee to J.U Ayogu and Co. on behalf of NITEL/MTEL.
However, latest reports revealed that the Senate panel had suspended the public hearing, without giving cogent reasons for the suspension of the probe. Though, several efforts by newsmen to dig into the core reasons yielded no fruition.
A member of the Committee, who spoke on the condition of anonymity revealed that the probe was deferred based on fresh issue that emerged after the summons.
“We are not going ahead with the public hearing as scheduled tomorrow because there is new development,” he said.
“The management of the bank had sent a communication to us which must be addressed before we proceed with our hearing.”
Nigeria Today had reported on Monday that UBA and its Chairman, Tony Elumelu issued a letter to the Chairman of the Committee, Senator Akinyelure faulting the N41 billion accusation as false and malicious, therefore demanding an apology from the senator within seven days or take legal action.