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Reps write CBN, NSITF, demand equity payment to FMBN

Punch Newspapers Sections Leke Baiyewu, Abuja The House of Representatives Committee on Public Accounts has condemned the failure by the Federal Mortgage Bank of Nigeria and the Tertiary Education Trust Fund to present their audited accounts for five years. The committee also criticised the Central Bank of Nigeria and the Nigeria Social Insurance Trust Fund for not paying up their 30 per cent and 20 per cent equity capital as shareholders of the bank, respectively, as stipulated by the FMB Establishment Act. The committee spoke in Abuja on Thursday at an investigative hearing on audit queries issued by the Office of the Auditor Genaral of Federation against ministries, departments and agencies of the Federal Government.

Detailed text transcripts for TV channel - CNN - 20180503:03:04:00

to possible criminal prosecution because they have filed a complaint with the department of justice, why? because if he paid money back to michael cohen is means the president did know about it and potentially willfully ignored the law. and you know that ignorance of the law does not mean that you get forgiven for breaking the law. so that is one thing that common cause says. the second thing they say is that michael cohen can t be let off the hook just because he was paid back because there is a contribution limit for individuals. michael cohen said i paid this on my own, i got an equity payment for this hush deal. well, he can t do that to influence the election. if that s what he was doing he could have violated not only fec rules but if you think about it the inkind contribution is setup to $120. $130,000 is far beyond that.

Detailed text transcripts for TV channel - CNN - 20180503:07:04:00

michael cohen said i paid this on my own, i got an equity payment for this hush deal. well, he can t do that to influence the election. if that s what he was doing he could have violated not only fec rules but if you think about it the inkind contribution is setup to $120. $130,000 is far beyond that. so in cause says because of what rudy giuliani has said on television and doubled down on, both of them are potentially in hot water here with the fec and also potentially with the department of justice. what is michael cohen and president trump said about the payment in the past? look, the president we heard he was on air force one and said, look, i didn t know anything about this deal, you ll have to talk to my lawyer michael coman. what has michael cohen said?

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