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$793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million - Business - Nairaland

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$793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Ehiscotch(m): 11:48am On Jul 21
The management of Skye Bank on Friday
confirmed holding about $41 million (about
N12. 9billion) belonging to the Nigerian
Investments Management Services, NAPIMS,
allegedly kept away from the Treasury Single
Account, TSA account domiciled with the
Central Bank of Nigeria, CBN.

The money is part of about $793.2 million
(about N249.9 billion) allegedly kept illegally in
the custody of seven commercial banks.
This was in violation of the directive by the
Accountant General of the Federation that
effective September 15, 2015, all such funds be
transferred to the TSA account domiciled with
the CBN.

The affected banks include Skye Bank, United
Bank for Africa, UBA; Diamond Bank Plc; First
Bank Limited; Fidelity Bank Plc; Keystone Bank
Limited and Sterling Bank Plc.
The funds allegedly kept by the banks include
revenues, donations, transfers, refunds, grants,
taxes, fees, dues, tariffs, etc by different
government ministries, departments,
parastatals and agencies.

A Federal High Court in Lagos on Thursday
ordered the banks to remit the various
amounts sum into the TSA account at the CBN.
Justice Chuka Obiozor had in the case brought
by the office of the Attorney General of the
Federation ordered the seven banks to
immediately remit the various amounts
allegedly kept illegally in their custody to the
designated Federal Government’s Asset
Recovery dollars account with the CBN.
Details showed about $367.4million was
concealed by three government agencies in UBA,
while about $41million belonging to NAPIMS,
the Nigerian National Petroleum Corporation,
NNPC, subsidiary was placed on fixed deposit
account with the Skye Bank.

Others included $277.9million in Diamond
Bank, $18.9million in First Bank; $24.5million in
Fidelity Bank; $17million in Keystone Bank; and
$46.5million in Sterling Bank.
But, Skye Bank, in a statement on Friday,
confirmed the $41 million in its custody, but
denied keeping same illegally or concealing the
transaction.

“The management of Skye Bank hereby states
that it neither colluded nor unilaterally hid the
reported sum or any other funds in its custody.”
it’s spokesperson, Nduneche Ezurike, said in
the statement.
“On the contrary, the said funds are held with
the full knowledge of the relevant agencies of
government, including the Central Bank of
Nigeria (CBN), the DSS, the National Assembly
and the Inspector General of Police’s Special
Investigation Panel, with whom we have
engaged extensively over same,” he explained.
As a law abiding institution , Mr. Ezurike said
Skye Bank would not conduct itself in breach of
the laws or policies of the government,
including the TSA policy.

He said the bank would take appropriate legal
steps to respond to the ruling of the Court come
August 8 when the substantive hearing is
scheduled.


www.premiumtimesng.com/news/top-news/237623-793-2-million-tsa-funds-skye-bank-confirms-holding-41-million.html

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Pavore9: 11:55am On Jul 21
Confession time.

4 Likes

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Angelb4: 11:56am On Jul 21
I already know that Skye bank was the looters' bank. Pls don't ask me any question, direct all questions to Mama P

11 Likes

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Ehiscotch(m): 11:56am On Jul 21
Fastest FP I have ever made.
Gràcias MYND44
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by teemswest(m): 11:56am On Jul 21
Let the directors of the said ministry that directed the revenue to the banks answer questions
Stealing gone wrong
Unrepentant Skye banks always in mukky waters of corruption
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by modelmike7(m): 11:56am On Jul 21
249 Billion Naira kept away from the government account, and we are complaining there is hunger in the land? God please just strike all these corrupt politicians and office holder dead already with thunder and lighning! This would have been swept under the carpet in the last dispensation definitely!!
God save our country!!!

26 Likes 1 Share

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by three: 11:57am On Jul 21
Fraud everywhere in this 'Change' dispensation. Maybe because the President is missing so no more Body magic abi wetin dem dey call am....

Ashay they have been operating Treasure Double Account since

3 Likes

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by lilytender: 11:57am On Jul 21
Stealing is now corruption.

12 Likes 1 Share

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by bukynkwuenu: 11:58am On Jul 21
just watching......we all will soon cry
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by salbis(m): 11:59am On Jul 21
Poor masses are made to pay through their noses and some set of people just decided to hide these sums somewhere for only God knows reason(s). Buhari, over to you!

1 Like

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Aburi001: 12:00pm On Jul 21
Imagine a SCENARIO as follows:

Constitution is ammended for Jonathan to Naija till 2030.

Saraki rules indefinitely as Senate President

Fayose as Youth Minister

FFK as Minister of Justice

Alison Madueke doubles as Finance and Petroleum Minister.

Obaniko as Minister of Justice

Olisa Metu as Foreign Affairs Minister

Dogara as Budget and Plainning Minister

AIG IBU as Inspector General of Police

Hmmmmmmm. .......these guys for sale Naija collect CHANGE

NONSENSE!!!!! tongue tongue grin

20 Likes 4 Shares

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by burkingx(f): 12:00pm On Jul 21
shocked

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Jadmchris(m): 12:00pm On Jul 21
cry
And m here looking for just 6000 dollars for months now

1 Like

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Damminglola(f): 12:01pm On Jul 21
cool shocked shocked cool
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by modelmike7(m): 12:01pm On Jul 21
Kids shouldn't comment on politics section pls!

2 Likes 1 Share

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Israelfx2(m): 12:02pm On Jul 21
Kkk o
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Sapiosexuality(m): 12:02pm On Jul 21
Were the funds looted or not remitted within recommended time?

1 Like

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by chuckdee4(m): 12:04pm On Jul 21
This is almost a billion USD
Men these people are heartless sha, can you imagine what this sort of money could have improved in the nation
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by burkingx(f): 12:05pm On Jul 21
grin

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by burkingx(f): 12:08pm On Jul 21
cool

11 Likes 2 Shares

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by burkingx(f): 12:10pm On Jul 21
grin wink

4 Likes 1 Share

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by collinsJn(m): 12:17pm On Jul 21
This One Weak Me
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by nextprince: 12:17pm On Jul 21
Nawao.
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by yehmi01(m): 12:17pm On Jul 21
ok wait a min.
Is it that something is fundametally wrong with nigeria or we just dont know what we are doing.

This are the same banks who will still take from people oh

So you mean to say we have this money saved somewhere in nigeria by some banks and every thing went bad up on till this point and even the value for naira became bad by the day and not one thinking person of all this banks could talk about this monies until now.

When some people who are non Nigeria says Nigeria has what it takes to be a world power you might not understand them because they have used the little resources that they have to develop their own nation.

I have been reading about stolen funds from nigeria since the days of Abacha and up till now it still millions upon millions in DOLLAS oh that we keep hearing about. And yet people are poor and hungry and SIMPLE /BASIC infrastructure is a BIG deal to get in Nigeria.

Lord I know you are a Just God.
If No Court in Nigeria can bring Justice on all the People who brought this upon this country, I pray that you Visit each and every one of them who have watched millions of Nigerians suffer and die while you have provided more than enough for all Nigerians.

12 Likes 1 Share

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by plainol(m): 12:18pm On Jul 21
Dollar scarcity loadind, later, same cbn will pump same money back into d system. Government of poverty.
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by apidum(m): 12:19pm On Jul 21
This is what should be done all monies held by government agencies should be kept in the TSA
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Afamed: 12:22pm On Jul 21
Sapiosexuality:
Were the funds looted or not remitted within recommended time?
Not remitted to the TSA after recommended/ stipulated time with the primary aim and objective of looting it within the shortest time.

1 Like 1 Share

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Bimpe29: 12:23pm On Jul 21
At least, there is a little sanity in financial system occasioned by TSA policy. Other banks in the shady deals shall follow suit.

2 Likes

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by oshe11(m): 12:26pm On Jul 21
oloshi jati jati
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by buffalowings: 12:38pm On Jul 21
Tief tief banks grin


Banks and unclean money like 5 and 6

Abeg who get that Zuma meme

If na China we dey
The CEOs would have been liquidated

I love China

1 Like 1 Share

Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Aystarz: 12:43pm On Jul 21
Pavore9:
Confession time.

And I'm screaming "Have them all liquidated"
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Sapiosexuality(m): 1:21pm On Jul 21
Afamed:

Not remitted to the TSA after recommended/ stipulated time with the primary aim and objective of looting it within the shortest time.
Or with the aim of doing business with it before remitting like our governors do with salaries?

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