The senate yesterday vacated the warrant of arrest it issued against the managing director and other management staff of Industrial and General Insurance Plc (IGI) last week.
The senate had invoked its relevant statutory powers to order their arrest for failure to appear before it on Tuesday, May 15, 2012 over the ongoing probe of the pension scam.
The discharge order issued on Friday, May 16, 2012 and referenced NASS/S/JCPI/WRT/IGP/W/07 was signed by Senator Alloysious Etok, chairman, Committee on Establishment, Public Service, States and Local Government Administration.
The warrant was vacated following the discovery that there was no formal invitation to IGI to appear before the senate Joint Committee on Tuesday, May 15, 2012.
The committee is looking into pension administration in the country.
With this, the arrest warrant earlier issued by the committee has been cancelled and withdrawn.
The discharge order stated that in view of “the execution of the warrant issued against him in pursuant of section 89(d), an order of discharge is hereby issued. “Mr. Rotimi Fashola, the acting managing director of IGI should report to the committee on invitation forthwith,” it added.
The committee has however invited IGI to formally appear before it on Tuesday, May 22, 2012 for what it described as an “interactive session.” The IGI team is expected to be led by Fashola, as the chief executive officer; Remi Olowude, has been overseas since Tuesday, May 8, 2012 for his long scheduled annual medical check-up.