N500bn Devt Fund: Senate threatens BOI MD, other agencies with warrant of arrest 



…as DBN denies uneven disbursement of  fund 


By Henry Umoru, Abuja

The Senate began a probe into the alleged uneven disbursement of loans to Micro, Small and Medium Enterprises (MSMEs) in the six geo-political regions by the Development Bank of Nigeria (DBN) to the tune of half a trillion naira.

The federal lawmakers yesterday threatened to issue a warrant of arrests on the Governor of the Central Bank of Nigeria, Godwin Emefiele and heads of affected financial institutions for failing to honour its invitation.

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The Probe Committee chaired by Senator Sani Musa, from Niger East has also vowed to arrest the Managing Director of the Bank of Industry, Olukayode Pitan, the Managing Director of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Aliyu Abdulhamid and the Director…

Source: Vanguard Newspaper