Efcc Invites Bank Md Over Failure To Remit N6.3bn To Tsa
SAN FRANCISCO, March 11, (THEWILL) – Following Skye Bank's “deliberate refusal” to move N6.3bn lodged in two separate accounts with it to the Treasury Single Account, TSA, the Economic and Financial Crimes Commission, EFCC, has invited the Managing Director as well as the bank's Chief Compliance Officer.
The anti-graft agency believes that this amounted to non-compliance with the directive of the Federal Government on funds in deposit money banks, ThisDay reports.
An EFCC source told the newspaper that the invitation was sequel to the sudden discovery that the funds belonging the defunct Presidential Implementation Committee on the Alienation of the Federal Government Landed Property, was overlooked by the bank in the TSA compliance arrangement even though the accounts have been dormant since 2011.
“There is strong suspicion that the funds was covertly hidden from the government as only the bank and members of the committee that had long wound up operation are aware of its existence,” the source said, adding that both accounts have already been blocked by the EFCC, while investigations continue.