http://www.saharaweeklyng.com/skye-bank-md-in-trouble-over-alleged-6-3bn-scandal

The Economic and Financial Crimes Commission, EFCC, has invited the Managing Director of Skye Bank, Timothy Oguntayo, over the bank’s alleged refusal to remit N6.3 billion to government’s Treasury Single Account.

The anti-graft body also invited the bank’s chief compliance officer following the bank’s alleged failure to adhere to government’s directive on the movement of funds to TSA in money deposit banks.

Sources at the EFCC said that the two top executive officers were invited when it was found that government funds were still being concealed in two separate accounts in the bank.

The money belonged to the defunct Presidential Implementation Committee on the Alienation of the Federal Government Landed Property.

The authorities of the bank were said to have overlooked the huge deposits in its TSA compliance arrangement despite the accounts being dormant since 2011.

“There is strong suspicion that the funds were 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,” a source said.

The committee which had B.B. Awojide as Secretary, operated from Room 4A, on the third floor of the Federal Secretariat, Phase1.



Both accounts have already been blocked by the EFCC, while investigations continue.

Meanwhile, the source said the commission also recovered $2.33million from one of the suspects in the arms procurement contract scandal in the Office of the National Security Adviser.
http://www.saharaweeklyng.com/skye-bank-md-in-trouble-over-alleged-6-3bn-scandal

Lol...... EFCC now topping all tables

Pls efcc leave my bank alone o!

http://www.theheraldng.com/skye-in-full-compliance-with-tsa-nothing-like-efcc-case-bank-official/

The management of Skye Bank has debunked spurious reports that its CEO, Mr. Timothy Oguntayo has been invited by the Economic and Financial Crimes Commission (EFCC) under any guise whatsoever.

Executive Director of the bank, Mrs. Abimbola Izu, in an emailed statement to The Herald denied the report describing it as surprising.

Her email reads: "We were surprised about the report on Sahara Reporters because neither the GMD nor the Chief Compliance Officer had seen any such invitation at the time of the report. More importantly, the balances in the said PIC account were 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 for PIC as at today.


"The Bank will be happy to provide these facts and clarifications to the EFCC or any investigating agency if called upon to do so," she added.