Reps To Probe Osibodu’s Tenure At Union Bank

[Shola Sholaz]

DISTURBED by the alleged unwholesome practices in Union Bank of Nigeria Plc, the House of Representatives, yesterday, mandated its Committee on Banking and Currency to probe operations of the bank during the tenure of Funke Osibodu and report back within 21 days.
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Promoter of the motion, Akpan Micah Umoh, representing Akwa Ibom State had during his submission, said in spite of genuine efforts by government to sanitize the banking sector, certain sectors' chief executives and managements had sought to undermine such gestures.
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Akpan revealed that during the tenure of Funke Osibodu-led management of Union Bank Plc, the operations of the bank were fraught with unwholesome practices detrimental to the interest of shareholders and the nation in general.