The Economic and Financial Crimes Commission (EFCC) has invited the Managing Director of Sky Bank and his Chief Compliance Officer over the bank’s deliberate refusal to move N6.3billion lodged in its two separate accounts to the Treasury Single Account (TSA). It will be recalled that the Federal Government mandated the use of its TSA for government-related accounts and funds.
EFCC sources disclosed that the invitation followed the discovery of funds belonging the defunct Presidential Implementation Committee on the Alienation of the Federal Government Landed Property, which was overlooked by the bank in the TSA compliance arrangement.
These funds have been reportedly dormant since 2011, according to sources involved in the investigation.
“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”, the source said.
The Committee, which had B.B. Awojide as Secretary, operated from Room 4A, (3rd floor) Federal Secretariat, Phase1.
Both accounts have already been blocked by the EFCC, while investigations continue.
In other developments, the Commission has also recovered $2.33million USD from one of the suspects in the arms procurement contract scandal in the Office of the National Security Adviser, ONSA.