N58.3bn TSA money: Reps sum­mon Her­itage Bank, Aso Sav­ings MDs

Daily Trust - - BUSINESS - By Oz­ibo Oz­ibo

The House of Rep­re­sen­ta­tives Com­mit­tee on Trea­sury Sin­gle Ac­count (TSA), yes­ter­day, sum­moned the man­ag­ing di­rec­tors of Her­itage Bank, Ifie Sek­ibo and Aso Sav­ings, Has­san Us­man, to ap­pear be­fore it over an undis­closed N58.3 bil­lion in the Trea­sury Sin­gle Ac­count (TSA).

Chair­man of the com­mit­tee, Abubakar Dan­bu­ram (PDP, Kano), who stated this in Abuja while brief­ing news­men after the two bank chiefs failed to hon­our a sched­uled meet­ing with the law­mak­ers, also threat­ened to is­sue a war­rant of ar­rest against them should they fail to ap­pear on a date yet to be fixed.

“To­day, we are sup­posed to meet with Her­itage Bank and Aso Sav­ings with re­gard to the Trea­sury Sin­gle Ac­count (TSA). As you can see, none of their man­age­ment or staff is here.

“Our in­de­pen­dent in­ves­ti­ga­tions have re­vealed that con­trary to what Her­itage Bank sub­mit­ted to us, they also have two undis­closed ac­counts in the TSA.

“The one with Nige­rian Ex­port and Im­port (NEXIM) Bank has USD104 mil­lion while a sec­ond one with Nige­rian Mar­itime Ad­min­is­tra­tion Safety Agency (NIMASA) has USD46,000. Yet, there is an­other N21 bil­lion, which also forms part of our en­quiry. We want to know why they did not re­veal those ac­counts to this com­mit­tee.

“We hereby give the man­ag­ing di­rec­tors of Her­itage Bank and Aso Sav­ings the op­por­tu­nity of sum­mon to ap­pear be­fore this com­mit­tee on a date to be an­nounced later. If they fail, we will then is­sue a war­rant of ar­rest against them,” Dan­bu­ram stated.

He lamented that the ab­sence of the two bank chiefs meant that the fi­nal re­ports of the com­mit­tee would be fur­ther de­layed.

A mem­ber of the com­mit­tee, Si­mon Arabo (PDP, Kaduna), also be­rated the two fi­nan­cial in­sti­tu­tions for fail­ing to hon­our their in­vi­ta­tion, and thus urged them to keep a date with the law­mak­ers’ sum­mon so as not to risk avoid­able con­se­quences.

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