EFCC Invitation: Skye Bank denies concealing N6.2billion govt money

The Management of Skye Bank has denied allegations by the Economic and Financial Crimes Commission that it failed to remit N6.2 billion to the Nigerian government’s Treasury Single Account.

The bank, in a statement by its Head of Strategic Brand Management, Nduneche Ezurike, said it remitted the said funds to government coffers since October 2015.

EFCC insiders had told PREMIUM TIMES Thursday that the bank’s Managing Director, Timothy Oguntayo, and chief compliance officer were summoned to answer questions for allegedly refusing to comply with government’s directives on Treasury Single Account.

The commission accused authorities of the bank of concealing N6.2billion belonging to the Presidential Implementation Committee on the Alienation of Federal Government Landed Property (PIC), failing to move it into government account as directed.

But in its statement Friday, the bank confirmed that its officials were indeed invited by the EFCC but that the allegations against them were false.

It said the funds in question had long been remitted to the Central Bank of Nigeria, and that the information on the transfer would be provided to the EFCC.

“More importantly however, the balances in the said PIC account had since been moved to the CBN in compliance with the TSA on 2nd of October 2015 and the account closed,” the statement said.

“Skye Bank thus does not maintain any account nor hold any funds belonging to the PIC as at today.

“These facts and clarifications will therefore be provided to the EFCC or any investigating agency on the subject.”

The bank lamented that reports of the invitation of its officials became public even before the invitation letters were delivered to the bank.


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