TSA: Skye Bank confirms EFCC’s invitation, denies wrongdoing

Skye Bank has confirmed receiving an invitation from the Economic and Financial Crimes Commission over allegations of non-compliance with the Federal Government’s directives on the Treasury Single Account.

Specifically, the Bank was said to have failed to remit funds belonging to the Presidential Implementation Committee to the Central Bank of Nigeria in compliance with the TSA directives.

The invitation, it is believed, was extended to its Group Managing Director and Chief Compliance Officer.

The Bank, however, denied any wrongdoing.

It said in a statement by Nduneche Ezurike, its Head of Strategic Brand Management, that the Bank did not receive the invitation from the EFCC before stories went awash in the media that its Group Managing Director and Chief Compliance Officer had been invited for interrogation.

The Bank said it had complied with the directives on the TSA by October 2, 2015.
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The statement by Azurite reads in full: “Our attention has been drawn to a report in Sahara Reporters and other publications stating that the GMD and the Chief Compliance Officer of Skye Bank have been invited by the EFCC over an alleged non remittance of funds belonging to the Presidential Implementation Committee (PIC) to the CBN in compliance with the TSA directives.

“As at the time of the said Sahara reports, neither the GMD nor the Chief Compliance Officer of the Bank had seen any such invitation.

“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.

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

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