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Friday, 21 July 2017

7 Nigerian Banks Hide N249.6b for Unknown Govt Officials


The banks are said to have colluded with unknown government officials to hide the loot. The funds, were revenues, donations, transfers, refunds, grants, taxes, fees, dues, tariffs etc accruable to the Federal Government from ministries, departments, parastatals and agencies.

They are said to have failed to remit the funds to the TSA domiciled in the CBN in violation of the guidelines issued by the Accountant-General of the Federation, which fixed September 15, 2015 as the deadline for such funds to be moved.

Following the ex parte application by the office of the Attorney-General of the Federation (AGF), Justice Chuka Obiozor has ordered the banks to remit the funds to the banks.

The judge however, adjourned till August 8 “for anyone interested in the funds to appear” before him “to show cause why the interim orders should not be made permanent”.

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