The House of Representatives, threatened that it will ask the Central Bank of Nigeria to take over the ownership of Heritage Bank of Nigeria for owing the Federal Government more money than its entire share capital.
The threat was made by its ad hoc committee on the assessment and status of all recovered loots from 2002 to 2020 by agencies of the Federal Government for effective efficient management and utilisation.
The committee also threatened to issue an arrest warrant on the Managing Director of Polaris Bank for failing to appear before it to explain why the bank had not remitted over 32 million dollars owed to the Nigerian National Petroleum Corporation.
The Chairman of the committee, Adejoro Adeogun, issued the threats at an investigative hearing in Abuja.
The committee, however, turned back all representatives of the banks as well as the Accountant General of the Federation, saying they lacked the capacity to answer the questions from the committee, giving them till Wednesday next week to appear.
