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EFCC Invites Skye Bank MD Over N6.3bn TSA lodgement, recovers $2.3m

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EFCC invites Skye Bank MD over N6.3bn TSA lodgement, recovers $2.3m

The Economic and Financial Crimes Commission (EFCC) has invited the Managing Director of Skye Bank and his Chief Compliance Officer over alleged  refusal by the bank to move N6.3billion lodged in two separate accounts with it, to the Treasury Single Account in compliance with the directive of the federal government.
Daily Trust gathered yesterday that the EFCC invitation followed the sudden discovery that the funds belonging to the defunct Presidential Implementation Committee on the Alienation of Federal Government Landed Property, was overlooked by the bank in the TSA compliance arrangement despite the accounts being dormant since 2011.

EFCC sources said: “There is strong suspicion that the fund was covertly hidden from the government as only the bank and members of the committee that had long wounded up operation are aware of its existence.”
The source added that the committee which had B.B. Awojide as Secretary, operated from Room 4A, 3rd floor Phase1 of the Federal Secretariat. Both accounts have already been blocked by the EFCC, while investigations continue.
Daily Trust also gathered that the EFCC has also recovered $2.33m from one of the suspects in the arms procurement contract scandal in the  Office of the National Security Adviser (ONSA).

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