El Yakub Ibraheem
The Nasarawa State House of Assembly has given 24 hours ultimatum to the Managing Director/Chief Executive Officer (MD/ CEO) of Access Bank Limited to appear before its committee or face apprehension.
The Chairman, House Committee on Education, Science and Technology, Hon. Daniel Ogazi gave the revelation when the Zonal Head of Access Bank, Mr. Alexius Ayabam appeared before its committee in Lafia.
The Chairman averred that the Education committee invites the Managing Director to explain why the bank is holding the state government money meant for payment of State Universal Basic Education Board ( SUBEB) contracts.
He said the nonpayment of money to contractors that handled primary school projects has affected the contractors and the education sector negatively.
Stating that some of the contractors took loans to execute their projects, and interest is accumulating in their loans and the prices of building materials are skyrocketing on daily basis.
Asking why is Access Bank still deducting interest on money not released to SUBEB for payment of the contract.
” Relevant laws have empowered us to investigate and intervene on any issue that will be in the interest of our people”.
The Zonal Head of Access Bank, Mr. Alexius Ayabam pleaded for understanding with the committee in order to solve the matter amicably.
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