This was revealed at the ongoing investigative hearing into the activities of Ministries, Department and Agencies of the Federal Government as well as private outfits by the House of Representatives Public Accounts Committee , PAC being chaired by Hon Busayo Oluwole Oke (PDP-Osun).
Browsing: Auditor-General of the Federation
The Bank’s Executive Director, Umar Shekarau, disclosed this during an investigative hearing into the N105 billion loan allegedly converted to Federal Government’s shares as contained in the audit query issued by the office of the Auditor General of the Federation.
This was stated in documents sighted by The Eagle Online from the Office of the Auditor General of the Federation
This followed presentation of the report of his screening by the Chairman, Senate Committee on Public Accounts, Senator Andy Uba at plenary