EFCC grills Skye Bank MD over non remittance of N6. 3bn TSA funds

EFCC grills Skye Bank MD over non remittance of N6. 3bn TSA funds

There are indications that the EFCC may have invited Skye Bank MD for questioning over the refusal of the bank to move the sum of N6.3 billion lodged with it to Treasury Single Account (TSA).
The money was said to have been in two separate accounts owned by the defunct Presidential Implementation Committee on the Alienation of Federal Government Landed Property.
The Chief Compliance Officer of the bank was also invited by the EFCC over what was said to be at variance with the directives of federal government funds in banks.

According to an EFCC source, the two bank officials were invited after the sudden discovery that the funds belonging to the defunct committee was overlooked by the bank in the TSA compliance arrangement even when the accounts have been dormant since 2011.
The source further said that there is a strong suspicion that the funds were covertly hidden from the government as only the bank and the members of the committee that had long wounded up operation are aware of its existence.
“Both accounts have already been blocked by the EFCC, while investigations continue”, the source said.