The House of Representatives has confirmed that the sale of Polaris Bank followed due process and got presidential approval.
The parliament assuaged investors’ and depositors’ concerns about the financial institution’s status
Imo lawmaker Henry Nwawuba presented a motion to the House on October 12 calling for a halt to the sale of Polaris Bank.
[wonderplugin_video iframe=”https://youtu.be/glixCBJhQ6I” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
The motion was adopted and the House resolved to investigate the process leading to the sale of the bank.
The ad hoc committee mandated to carry out the probe sung into action and after about 10 days unveiled its reports.
Mr. Nwawuba who moved the motion due process was painstakingly followed.
He said, out of the 35 companies invited to bid for the bank, the regulatory agency shortlisted the bidders to 15, then later seven and afterwards got Presidential approval to proceed with the sale of the bank.
“On the last legislative day before we broke up from plenary sessions to work on the budget, there was a motion on the floor asking the CBN to suspend the sale of Polaris Bank and cutting up an Ad-hoc Committee to investigate the circumstances, and I happened to have emerged to Chair that committee.
“What the House is looking at is the process of the acquisition or the sale and so far, we are confident from what we are seeing. Until we conclude this investigation, I would not be able to speak authoritatively on the matter”, he statded.
He also spoke on the floods that have ravaged many states, including his constituency.
Henry Nwawuba said no fewer than 35000 of his constituents have been affected.
The legislator urged the central bank to provide moratorium for farmers who obtained loan facility and were affected by the floods.
The lawmaker added that there appears to be significant compliance on the matter based on what the committee has seen so far, in particular with the approvals and the steps taken.
The House of Representatives has confirmed that the sale of Polaris Bank followed due process and got presidential approval.
The parliament assuaged investors’ and depositors’ concerns about the financial institution’s status
Imo lawmaker Henry Nwawuba presented a motion to the House on October 12 calling for a halt to the sale of Polaris Bank.
[wonderplugin_video iframe=”https://youtu.be/glixCBJhQ6I” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
The motion was adopted and the House resolved to investigate the process leading to the sale of the bank.
The ad hoc committee mandated to carry out the probe sung into action and after about 10 days unveiled its reports.
Mr. Nwawuba who moved the motion due process was painstakingly followed.
He said, out of the 35 companies invited to bid for the bank, the regulatory agency shortlisted the bidders to 15, then later seven and afterwards got Presidential approval to proceed with the sale of the bank.
“On the last legislative day before we broke up from plenary sessions to work on the budget, there was a motion on the floor asking the CBN to suspend the sale of Polaris Bank and cutting up an Ad-hoc Committee to investigate the circumstances, and I happened to have emerged to Chair that committee.
“What the House is looking at is the process of the acquisition or the sale and so far, we are confident from what we are seeing. Until we conclude this investigation, I would not be able to speak authoritatively on the matter”, he statded.
He also spoke on the floods that have ravaged many states, including his constituency.
Henry Nwawuba said no fewer than 35000 of his constituents have been affected.
The legislator urged the central bank to provide moratorium for farmers who obtained loan facility and were affected by the floods.
The lawmaker added that there appears to be significant compliance on the matter based on what the committee has seen so far, in particular with the approvals and the steps taken.
The House of Representatives has confirmed that the sale of Polaris Bank followed due process and got presidential approval.
The parliament assuaged investors’ and depositors’ concerns about the financial institution’s status
Imo lawmaker Henry Nwawuba presented a motion to the House on October 12 calling for a halt to the sale of Polaris Bank.
[wonderplugin_video iframe=”https://youtu.be/glixCBJhQ6I” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
The motion was adopted and the House resolved to investigate the process leading to the sale of the bank.
The ad hoc committee mandated to carry out the probe sung into action and after about 10 days unveiled its reports.
Mr. Nwawuba who moved the motion due process was painstakingly followed.
He said, out of the 35 companies invited to bid for the bank, the regulatory agency shortlisted the bidders to 15, then later seven and afterwards got Presidential approval to proceed with the sale of the bank.
“On the last legislative day before we broke up from plenary sessions to work on the budget, there was a motion on the floor asking the CBN to suspend the sale of Polaris Bank and cutting up an Ad-hoc Committee to investigate the circumstances, and I happened to have emerged to Chair that committee.
“What the House is looking at is the process of the acquisition or the sale and so far, we are confident from what we are seeing. Until we conclude this investigation, I would not be able to speak authoritatively on the matter”, he statded.
He also spoke on the floods that have ravaged many states, including his constituency.
Henry Nwawuba said no fewer than 35000 of his constituents have been affected.
The legislator urged the central bank to provide moratorium for farmers who obtained loan facility and were affected by the floods.
The lawmaker added that there appears to be significant compliance on the matter based on what the committee has seen so far, in particular with the approvals and the steps taken.
The House of Representatives has confirmed that the sale of Polaris Bank followed due process and got presidential approval.
The parliament assuaged investors’ and depositors’ concerns about the financial institution’s status
Imo lawmaker Henry Nwawuba presented a motion to the House on October 12 calling for a halt to the sale of Polaris Bank.
[wonderplugin_video iframe=”https://youtu.be/glixCBJhQ6I” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
The motion was adopted and the House resolved to investigate the process leading to the sale of the bank.
The ad hoc committee mandated to carry out the probe sung into action and after about 10 days unveiled its reports.
Mr. Nwawuba who moved the motion due process was painstakingly followed.
He said, out of the 35 companies invited to bid for the bank, the regulatory agency shortlisted the bidders to 15, then later seven and afterwards got Presidential approval to proceed with the sale of the bank.
“On the last legislative day before we broke up from plenary sessions to work on the budget, there was a motion on the floor asking the CBN to suspend the sale of Polaris Bank and cutting up an Ad-hoc Committee to investigate the circumstances, and I happened to have emerged to Chair that committee.
“What the House is looking at is the process of the acquisition or the sale and so far, we are confident from what we are seeing. Until we conclude this investigation, I would not be able to speak authoritatively on the matter”, he statded.
He also spoke on the floods that have ravaged many states, including his constituency.
Henry Nwawuba said no fewer than 35000 of his constituents have been affected.
The legislator urged the central bank to provide moratorium for farmers who obtained loan facility and were affected by the floods.
The lawmaker added that there appears to be significant compliance on the matter based on what the committee has seen so far, in particular with the approvals and the steps taken.
The House of Representatives has confirmed that the sale of Polaris Bank followed due process and got presidential approval.
The parliament assuaged investors’ and depositors’ concerns about the financial institution’s status
Imo lawmaker Henry Nwawuba presented a motion to the House on October 12 calling for a halt to the sale of Polaris Bank.
[wonderplugin_video iframe=”https://youtu.be/glixCBJhQ6I” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
The motion was adopted and the House resolved to investigate the process leading to the sale of the bank.
The ad hoc committee mandated to carry out the probe sung into action and after about 10 days unveiled its reports.
Mr. Nwawuba who moved the motion due process was painstakingly followed.
He said, out of the 35 companies invited to bid for the bank, the regulatory agency shortlisted the bidders to 15, then later seven and afterwards got Presidential approval to proceed with the sale of the bank.
“On the last legislative day before we broke up from plenary sessions to work on the budget, there was a motion on the floor asking the CBN to suspend the sale of Polaris Bank and cutting up an Ad-hoc Committee to investigate the circumstances, and I happened to have emerged to Chair that committee.
“What the House is looking at is the process of the acquisition or the sale and so far, we are confident from what we are seeing. Until we conclude this investigation, I would not be able to speak authoritatively on the matter”, he statded.
He also spoke on the floods that have ravaged many states, including his constituency.
Henry Nwawuba said no fewer than 35000 of his constituents have been affected.
The legislator urged the central bank to provide moratorium for farmers who obtained loan facility and were affected by the floods.
The lawmaker added that there appears to be significant compliance on the matter based on what the committee has seen so far, in particular with the approvals and the steps taken.
The House of Representatives has confirmed that the sale of Polaris Bank followed due process and got presidential approval.
The parliament assuaged investors’ and depositors’ concerns about the financial institution’s status
Imo lawmaker Henry Nwawuba presented a motion to the House on October 12 calling for a halt to the sale of Polaris Bank.
[wonderplugin_video iframe=”https://youtu.be/glixCBJhQ6I” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
The motion was adopted and the House resolved to investigate the process leading to the sale of the bank.
The ad hoc committee mandated to carry out the probe sung into action and after about 10 days unveiled its reports.
Mr. Nwawuba who moved the motion due process was painstakingly followed.
He said, out of the 35 companies invited to bid for the bank, the regulatory agency shortlisted the bidders to 15, then later seven and afterwards got Presidential approval to proceed with the sale of the bank.
“On the last legislative day before we broke up from plenary sessions to work on the budget, there was a motion on the floor asking the CBN to suspend the sale of Polaris Bank and cutting up an Ad-hoc Committee to investigate the circumstances, and I happened to have emerged to Chair that committee.
“What the House is looking at is the process of the acquisition or the sale and so far, we are confident from what we are seeing. Until we conclude this investigation, I would not be able to speak authoritatively on the matter”, he statded.
He also spoke on the floods that have ravaged many states, including his constituency.
Henry Nwawuba said no fewer than 35000 of his constituents have been affected.
The legislator urged the central bank to provide moratorium for farmers who obtained loan facility and were affected by the floods.
The lawmaker added that there appears to be significant compliance on the matter based on what the committee has seen so far, in particular with the approvals and the steps taken.
The House of Representatives has confirmed that the sale of Polaris Bank followed due process and got presidential approval.
The parliament assuaged investors’ and depositors’ concerns about the financial institution’s status
Imo lawmaker Henry Nwawuba presented a motion to the House on October 12 calling for a halt to the sale of Polaris Bank.
[wonderplugin_video iframe=”https://youtu.be/glixCBJhQ6I” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
The motion was adopted and the House resolved to investigate the process leading to the sale of the bank.
The ad hoc committee mandated to carry out the probe sung into action and after about 10 days unveiled its reports.
Mr. Nwawuba who moved the motion due process was painstakingly followed.
He said, out of the 35 companies invited to bid for the bank, the regulatory agency shortlisted the bidders to 15, then later seven and afterwards got Presidential approval to proceed with the sale of the bank.
“On the last legislative day before we broke up from plenary sessions to work on the budget, there was a motion on the floor asking the CBN to suspend the sale of Polaris Bank and cutting up an Ad-hoc Committee to investigate the circumstances, and I happened to have emerged to Chair that committee.
“What the House is looking at is the process of the acquisition or the sale and so far, we are confident from what we are seeing. Until we conclude this investigation, I would not be able to speak authoritatively on the matter”, he statded.
He also spoke on the floods that have ravaged many states, including his constituency.
Henry Nwawuba said no fewer than 35000 of his constituents have been affected.
The legislator urged the central bank to provide moratorium for farmers who obtained loan facility and were affected by the floods.
The lawmaker added that there appears to be significant compliance on the matter based on what the committee has seen so far, in particular with the approvals and the steps taken.
The House of Representatives has confirmed that the sale of Polaris Bank followed due process and got presidential approval.
The parliament assuaged investors’ and depositors’ concerns about the financial institution’s status
Imo lawmaker Henry Nwawuba presented a motion to the House on October 12 calling for a halt to the sale of Polaris Bank.
[wonderplugin_video iframe=”https://youtu.be/glixCBJhQ6I” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://www.tvcnews.tv/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]
The motion was adopted and the House resolved to investigate the process leading to the sale of the bank.
The ad hoc committee mandated to carry out the probe sung into action and after about 10 days unveiled its reports.
Mr. Nwawuba who moved the motion due process was painstakingly followed.
He said, out of the 35 companies invited to bid for the bank, the regulatory agency shortlisted the bidders to 15, then later seven and afterwards got Presidential approval to proceed with the sale of the bank.
“On the last legislative day before we broke up from plenary sessions to work on the budget, there was a motion on the floor asking the CBN to suspend the sale of Polaris Bank and cutting up an Ad-hoc Committee to investigate the circumstances, and I happened to have emerged to Chair that committee.
“What the House is looking at is the process of the acquisition or the sale and so far, we are confident from what we are seeing. Until we conclude this investigation, I would not be able to speak authoritatively on the matter”, he statded.
He also spoke on the floods that have ravaged many states, including his constituency.
Henry Nwawuba said no fewer than 35000 of his constituents have been affected.
The legislator urged the central bank to provide moratorium for farmers who obtained loan facility and were affected by the floods.
The lawmaker added that there appears to be significant compliance on the matter based on what the committee has seen so far, in particular with the approvals and the steps taken.
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