Ecobank Managing Director, Charles Kie is in big trouble as the House of Representatives ad-hoc committee on Central Bank of Nigeria (CBN) Intervention Fund has summoned him and former Managing Director of Arik Air, Mr Johnson Ikedi Arumeme on the alleged diversion of over N2 trillion intervention funds for Arik Air.

Both men are to appear before the panel on Wednesday, May 9, 2018, according to a statement by the Committee Chairman, Ewa Bassey…  “This is wrong, very wrong. We are not helping ourselves at all. And you have not been able to make contact with Arik to know what was actually going on.”

Mr. Charles Kie, MD/CEO, Ecobank

“The committee is investigating the CBN intervention funds to Arik Air, which in members’ views, “Must have been diverted,” especially as neither CBN nor AMCON followed up with the utilization of the released fund.”

Besides, the investigative hearing cuts across the management of Arik Air, CBN, AMCON, Bank of Industry, and a consortium of commercial banks made up of Ecobank, Union Bank and Keystone Bank.

However, Mr Suleiman Abdulmajid, AMCON representative, told the committee that AMCON released the fund to Arik Air to enable the airline reconfigure two of its grounded aircraft and purchase new engines.