Business
‘Capital Market Probe Report, Ready Next Week’
The Chairman, House of Representatives Ad hoc Committee on the Probe of the Capital Market, Rep. Ibrahim El-Sudi, says in Abuja that the report would be presented to the House this week.
El-Sudi (PDP-Taraba), who did not give a specific day for the presentation, told newsmen that the committee requested for some vital documents from the CBN, AMCON and SEC, but was unable to get them.
He said the committee would go ahead to present the report to the House whether or not the agencies forwarded the documents to it before the 24 hours given to them which expired on Friday.
The CBN Director of Legal Services, Mr. S. Onekutu, had said in a letter to the committee that Malam Sanusi Lamido Sanusi would respond to the committee’s request when he returned from South Africa.
“I am constrained to inform the Honourable Chairman of the Ad hoc committee that the Governor and other members of the board of the bank are currently attending a retreat in South Africa, and would not be back in office until next week.
“In the circumstances, we urge the committee to permit the Governor to respond to the committee’s request as soon as he is back from his official trip outside the country.’’
Meanwhile, Rep. Farouk Lawan (PDP-Kano), appeared behind closed-door before the House of Representatives Committee on Ethics and Privileges over the 620,000 dollars bribery allegation leveled against him.
The Chairman of Zenon Oil and Gas Ltd., Mr. Femi Otedola, had alleged that Lawal and Mr Boniface Emenalo, the Clerk of the committee, had collected 600,000 and 120,000 dollars respectively, as bribe.
The House at an emergency session on June 15, 2012 mandated its ethics committee to investigate the allegation and report back to the House within two weeks.
It would be recalled that Lawan was removed from the chairmanship of the committee on fuel subsidy probe, and also suspended as chairman of the education committee pending the outcome of the investigation.
The Chairman of House Committee on Media and Public Affairs, Rep. Zakari Mohammed (PDP-Kwara), said that the meeting between Lawan and the committee was held behind closed-door in order not to jeopardise the investigation.
Mohammed, who said this at a news briefing, said it was not meant to hide any facts from the public.
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