A Senate committee said UBA defrauded NITEL of about N41billion from a N42billion that liquidators of the telecommunications company deposited...
He has given the Chairman of the Senate Committee on Ethics, Privileges and Public petition, Ayo Akinyelure, seven days to retract his comments linking him to the fraud.
As stated in the petition, he said, UBA withdrew N29 billion , N11 billion, N6.8 million and N22 million at different times between 2006 and 2015 from the accounts without relevant tickets or authorisations for that purpose. And liquidators of the firm explained further in the petition that officials of UBA have been hiding under a litigated N685 million it withdrew from the accounts.
The lawmaker added that when the Senate wrote the UBA management, they responded that the matter was in court. This is even as he insisted the matter is not subjudice. “It is important to emphasise that when UBA appeared before the Senate Committee on Ethics, Privileges and Public Petitions, attention was drawn to the fact that the facts and circumstances leading to the disputes on the alleged financial indebtedness was pending before the Supreme Court in SC/CV/112/2020. It was resolved that given the pendency of the matter at the Supreme Court, it was subjudice and all actions on the matter be suspended.
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