Skye Bank has been fined N4bn by the Central Bank of Nigeria, the country's apex financial regulatory authority for failure to render appropriate accounts on some government agencies.
But in statement issued to the Nigeria Stock Exchange, the management of the bank claimed the sanction was misdirected since it did not conceal any information from the apex bank. It claimed that the sanction resulted from the N40billion belonging to the Nigeria National Petroleum Corporation Pension Funds and National Assembly Legislative Aides account balances.
Skye Bank said it received “a communication from the NNPC forwarding a letter from the Accountant General of the Federation on the treatment of NNPC funds.
“By the communication, the bank is advised that an 18 business day window had been granted by the Vice-President, Yemi Osinbajo, within which a plan for the orderly withdrawal of the NNPC funds will be implemented.”
It will be recalled that CBN recently sanctioned First Bank N1.87bn for refusal to remit about N37.55bn belonging to the state-owned energy company.
It also fined UBA N2.94bn for concealing a portion of the energy corporation’s fund totalling N58.84bn.
UBA was sanctioned for also refusing to remit the deposit of the energy firm into the TSA as of when directed
No comments:
Post a Comment