House cash for Bank debt pay off: Bankole in last minute soup?


Speaker Dimeji Bankole, currently putting finishing touches to his preparations to exit from the nation’s most honourable seat in the nation’s House of Representatives is in deep trouble.

He has been ordered to to appear on Thursday before members of the House of Representatives to explain how the house ended up borrowing a sum of N10 billion that is now trapped at the United Bank of Africa (UBA), purportedly being used as a debt settlement.

The Speaker has been ordered to appear before the House of Representatives to defend himself against allegations of financial impropriety relating to the non-payment of allowances to members of the house who recently returned to work after the just concluded elections.

Queries are emerging as to how trickily salaries of House members had been held up in the Bank and the rationale behind the holding up.

Bankole: A last kiss with trouble

House member, Dino Melaye moved a motion to have Bankole suspended after he drew the attention of the house to a notice that the UBA has withheld the salaries and allowances of members because Mr. Bankole got the house indebted to the bank to the tune of N10 billion.


Melaye then moved a motion asking for the suspension of the Speaker.

However several members pleaded that the lawmaker should allow the Speaker to defend himself the next day so as to be given a fair hearing.

Mr. Bankole, who has been avoiding the house since he lost last election in his ward in April’s election may be heading for a major collision with members of the House and it has been rumoured he might be having his last kiss with trouble before departing as Speaker of the House.

It has been reported that before Wednesday’s meeting, house members had questioned Bankole’s reason for locking up the office chamber. Suspicious members agitative about their pending allowances had attempted to physically break open the chambers.

The Deputy speaker, Usman Bayero Nafada was said to have intervened to avoid further image nosedive with many of them only having fews days more to spend in the House.

At the on Wednesday, Mr. Nafada apologized for taking a decision adjourning the House illegally last week. He denied that he was privy to how the House has borrowed N10 billion from the UBA.

Nigerian lawmakers are the highest paid in the world with many of them remaining the most unproductive acting as share bench warmers.

Bankole had faced several allegations before including piling up of fleet of cars in preparation for the just concluded election in which he was rumoured to setting for the governorship post.

Source: SR