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

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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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  • Ayinde

    Invitation out in the public before the Bank got it. It tells you all that we currently have in this Govt is Media prosecution. You are totally presumed Guilty until u are able to prove otherwise.

    • Mama Kay

      Better than ‘see no evil, hear no evil’. People are now on their toes knowing fully well in this government there is accountability. Something lost from1986 in IBB days.

      There is no perfect government anywhere in the world but at least, PMB is trying to make sure that in spite of stiff opposition from the purveyors of corruption, he is instilling some sanity to Nigeria.

      • share Idea

        Please can you tell us why government did not leak their negotiation with MTN before MTN made it public. Must you praise everything that is done by this clueless administration even when a child knows some of their actions are dumb. Nigeria we hail thee

        • persona

          See it from another angle:
          MTN went to court and chose to withdraw the case and explored the earlier channel to negotiate payment terms and the right office to go was that of the AGF.
          MTN did the right thing to discuss with the AGF and they were told to make payment of good faith, which they did. AGF PROBABLY kept quiet simply because MTN had blindsighted them when they came to negotiate a discount only to sue the FG.
          The way you should see this is journalists are digging and that is a good thing. Investigative journalism is part of good governance. The good part is that NCC and the minister made it clear they were not part of the negotiation and that is also true. The AGF eventually came out after MTN came out to say that they made the payment in good faith. There is nothing hidden, the AGF simply did what is reasonable, “trust BUT verify.
          We are so used to successive govt to always have an angle and at some point we need to begin to give benefit of doubt even when we don’t trust them.
          When the FG goofs, I join in knocking them, when they are cautious, it doesn’t mean they are corrupt especially, when beaten once by the same company that went to the press. Buhari has given them the leg room to negotiate how long it will take them to make the payment. Sometimes, a little reasoning is better than accusation.

          • share Idea

            All this long grammar just to defend the indefensible. Please can you extrapolate this your explanation with what member of the senate said with regards to documented negotiated deal between AGF and MTN.

            According to you it is good for AGF to be negotiating a fine imposed by independent regulatory agency of government without carrying the agency along. Was it not this kind of behaviour that gave rise to padded budget that none of the members of the administration could take blame for the padding – lack of consultation and coordination which gives room for manipulation from people that have the ears of the leader of government. Nigeria we hail thee

          • persona

            Oga, they said that since MTN from the onset had opened channels to ask for a reprieve at the levels of both countries, it became pertinent for AGF to be involved. The regulator already gave the fine and a sort of waiver is usually not what a regulator does. The essence of the document you alluded to, is to ensure that MTN does not exit the meeting and debunk it.
            Is it the best way around? I think not but every people or organization pull the strings they so decide and MTN chose diplomacy at the top as against begging the regulators, they chose to go to court against commonsense after they got an earlier reprieve. Everyone assumed MTN goofed when the went to court, they have retraced their steps and to prove that diplomacy was the way they went, Buhari said they were at liberty to go see the regulator, seek a discount and even payment plan. The AGF didn’t come across as carrying people along, lawyers are known to do that but I don’t think the intention was not altruistic. You are against the government but I hope to hope they will deliver and when the fail, I will knock them as I have indicated here.

        • Mama Kay

          This government at least got MTN to pay for her inactions. What did the previous government do about enforcing their own rules?

          Mind you a lot of what is being enforced by this government are rules made by previous governments but left unchecked.

          I say things the way I see them and it is a fact that this is the first proactive government we have had in decades and people recognise this fact as they recognise their own child but some choose to ignore facts for sentiments.

          • share Idea

            Are you just joining Nigerian politics if not you will know that Dangote forfeited his deposit to acquire one of Discos because he did not meet the stipulated deadline and GEJ never intervened on his behalf.

            During GEJ’s time, overt interference with agencies of government is rarity but for this administration it is a norm hence, the difference between purposeful administration and clueless and lying one (Buhari Administration)