Mr. Timothy Oguntayo, the Managing Director of Sky Bank and his Chief Compliance Officer have been surmonned by the EFCC over alleged refusal by the bank to move N6.3billion lodged in two separate accounts to the Treasury Single Account as directed by the federal government.
According to reports, the EFCC invitation followed the sudden discovery that the funds belonging to the defunct Presidential Implementation Committee on the Alienation of Federal Government Landed Property, was overlooked by the bank in the TSA compliance arrangement despite the accounts being dormant since 2011.
“There is strong suspicion that the fund was 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," someone familiar with the matter said.
The person added that the committee which had B.B. Awojide as Secretary, operated from Room 4A, 3rd floor Phase1 of the Federal Secretariat.
Both accounts have already been blocked by the EFCC, while investigations continue.
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