Nigeria: Reps Summon BoI MD Over Inability to Recover N11 Billion Loans

18 August 2017

Abuja — The House of Representatives Committee on Public Accounts has issued an ultimatum to the Managing Director of the Bank of Industry (BoI), Mr. Olukayode Pitan, to appear before it today by 11:00am to explain the bank's inability to recover N11 billion loans or risked being arrested.

Chairman of the Committee, Kingsley Chinda (PDP, Rivers), handed down the summon following submission by Chief Financial Officer of the bank, Mr. Taiwo Kolawole, who told the committee that his MD could not make it to the meeting because he was already scheduled for another meeting with some executives of the Enugu State government, adding that the meeting was too prompt for him to postpone.

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