SUBEB Contract: NSHA Gives Access Bank 3-Days To Resolve Pending Issues 

The Nasarawa State House of Assembly (NSHA) has given Access Bank a 3-days ultimatum to resolve all pending issues relating to the non-release of monies to contractors handling projects of the State Universal Basic Education Board (SUBEB). 

The Chairman, committee on Education, Daniel Ogazi gave the order on Wednesday when the Executive Director of the commercial bank, Hadiza Ambursa led other management team to appear before the committee in Lafia. 

Ogazi also directed the bank to address the continued deduction of interest on money yet to be released to the Board. 

The second chance he said was due to the plead by the Executive Director of the bank that she has just gotten the information on the issues at hand.

Ogazi said: "We are giving you from now to Friday this week to resolve the matter at hand once and for all so that by Monday next week we will be able to inform the larger house on the progress made so far. 

"We have invited the Group Managing Director of Access Bank  on the need for them to explain why the bank is holding the state government money meant for payment of State Universal Basic Education Board (SUBEB) contracts.

"And why there is continue deduction of interest by the bank on money yet to be released to SUBEB for payment to contractors. 

"After our explanation, the Executive Director said that the committee should give her more time to resolve the issues.

"She informed us that she is just getting some of the information now and she need time to meet with the board and state government to discuss the issues extensively in order to solve it once and for all."

Ogazi urged the bank to stop deducting interest on money yet to be released to SUBEB as well as release money meant  for SUBEB contract.

"Non payment of money to contractors that handled primary school projects is affecting the school projects and those contractors negatively," he added.

The Committee had on Monday, November 22 threatened to issue a warrant of arrest on the Managing Director/Chief Executive Officer (MD/CEO) of Access Bank Limited if he failed to appear before its committee on Education within 24 hours.