OrderPaperToday – The Chairman, Senate Committee on Ethics, Privileges and Public Petitions, Senator Ayo Akinyelure (PDP, Ondo Central) has vowed not to stop the planned probe of the United Bank for Africa (UBA).

Petitions submitted to the red chamber claimed that N41billion was withdrawn by the Bank without authorisation from accounts of Nigerian Telecommunications Limited (NTEL) and Mobile Telecommunications Limited (MTEL) then deposited in the bank.

As a result, the Group Managing Director of UBA, Kennedy Uzoka was supposed to appear before the committee on August 5, 2020 to give explanation on the alleged fraud.

The investigative hearing was however postponed.

Following the news of the summon, the Chairman of UBA, Tony Elumelu, threatened Akinyelure with a litigation if the latter fails to withdraw the case against the bank within seven days .

Elumelu further stated the Bank will not honour the Committee’s invitation since the matter was already in court.

Reacting, Akinyelure in a statement signed by his Special Adviser on Media, Charles Akinwon, on Wednesday maintained that the threat will not stop his committee from continuing with the probe .

The statement reads: “It has become necessary to let Nigerians know that the threat of UBA Chairman, Tony Elumelu, against Distinguished Senator Ayo Akinyelure cannot debar the Distinguished Senator, who is the Senate Committee Chairman on Ethics, Privileges and Public Petitions from carrying out his Legislative Duties.

“In as much as the Distinguished Senator appreciates those that had called since the news of Elumelu threat was made public in some dailies, he has assured the people of his Constituency in particular and Nigerians in general that he is not perturbed and will not because of a mere threat to jettison the oath of office he had sworn to.

“Akinyelure, who is a Chartered Accountant of over thirty years in practice, has always been on the side of truth and justice and that was why the Senate President, Dr Lawan, found him worthy to reappoint him as the ombudsman of the Senate and voice of the voiceless Nigerians”.


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