Chairman, House of Representatives Sub-Committee on Capital Market and Institutions, Tony Nwulu has made known the intention of the lower house to probe into the Central Bank of Nigeria’s (CBN) withdrawal of Skye Bank’s operating license.
The move to probe, according to Nwulu, is to address public outcries by shareholders over corporate misgovernance by most Public Limited Companies (PLCs) and allegations of fraudulent activities by the management of these firms.
During an interaction with newsmen, Nwulu assured Nigerians that the House will look into the takeover of Skye Bank Plc in the ongoing probe of insurance companies and banks in Nigeria.