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Nairaland Forum / Nairaland / General / Business / $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million (14659 Views)
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$793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Ehiscotch(m): 11:48am On Jul 21, 2017 |
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
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Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Pavore9: 11:55am On Jul 21, 2017 |
Confession time. 4 Likes |
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Angelb4: 11:56am On Jul 21, 2017 |
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, 2017 |
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, 2017 |
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 Nobody: 11:56am On Jul 21, 2017 |
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, 2017 |
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 4 Likes 1 Share |
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by lilytender: 11:57am On Jul 21, 2017 |
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, 2017 |
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, 2017 |
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, 2017 |
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!!!!! 19 Likes 4 Shares
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Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by burkingx(f): 12:00pm On Jul 21, 2017 |
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Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Jadmchris(m): 12:00pm On Jul 21, 2017 |
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, 2017 |
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Nobody: 12:01pm On Jul 21, 2017 |
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, 2017 |
Kkk o |
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by Sapiosexuality(m): 12:02pm On Jul 21, 2017 |
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, 2017 |
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, 2017 |
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Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by burkingx(f): 12:08pm On Jul 21, 2017 |
11 Likes 2 Shares
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Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by burkingx(f): 12:10pm On Jul 21, 2017 |
4 Likes 1 Share
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Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by collinsJn(m): 12:17pm On Jul 21, 2017 |
This One Weak Me |
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by nextprince: 12:17pm On Jul 21, 2017 |
Nawao. |
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by yehmi01(m): 12:17pm On Jul 21, 2017 |
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, 2017 |
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, 2017 |
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, 2017 |
Sapiosexuality: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, 2017 |
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: 12:26pm On Jul 21, 2017 |
oloshi jati jati |
Re: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million by buffalowings: 12:38pm On Jul 21, 2017 |
Tief tief banks 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, 2017 |
Pavore9: 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, 2017 |
Afamed:Or with the aim of doing business with it before remitting like our governors do with salaries? |
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