NEWS

By Emman Ovuakporie and Johnbosco Agbakwuru ABUJA – THE House of Representatives Ad-hoc Committee on investigation of the activities of federally owned Development Finance Institutions, DFIs, has issued 11-day ultimatum to the Central Bank of Nigeria, CBN, and Bank of Industry, BoI, to submit their audited accounts since 1999 to date. Meanwhile, the Chukwuemeka Anohu-led Ad-hoc Committee will from tomorrow (Tuesday) commence the probe of the DFIs such as BOI, Bank of Agriculture, BOA, the Nigerian Export-Import Bank, NEXIM, and the Nigerian Export Promotion Council, NEPC. Others to appear before the committee at the investigative hearing are the Small and Medium Scale Enterprises Development Agency, SMEDAN, the National Economic Reconstruction Fund, NERFUND, and the Federal Mortgage Bank of Nigeria, FMBN, amongst others. The Committee also summoned all former ministers of finance, agriculture, industry, trade and investment to appear at the public hearing. A statement signed by the Committee’s Chairman, Chukwuemeka Anohu had directed the DFIs to submit 30 hard copies of written memoranda and a soft copy latest today (Monday).

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