- Presidential panels reveals how it discovered a commercial bank failing to follow directive on TSA.
- Obono-Obla, says the panel will deliver on its promise.
The Special Presidential Investigation Panel for the Recovery of Public Property has revealed that it had recovered sum of 20 million dollars from one of the commercial banks in the country.
Lucie-Ann Laha, The panel’s Head, Media and Communication, in a statement on Wednesday quoted its chairman Okoi Obono-Obla, as making the disclosure during a meeting with Prof. Muhammad Al-Amin, the Managing Director of Federal Housing Authority (FHA).
According to the panel, the money is part of the 232 million dollars unremitted to the Federal Government’s Treasury Single Account (TSA) by an unnamed agency.
The chairman, who refrained from naming the bank to avert customer panic, and other negative effects on the bank as well as the nation’s economy also revealed that the panel had inadvertently stumbled upon 232 million dollars deposited in a commercial bank by a government agency while investigating illegal charges and deductions by commercial banks from 2009 to 2015, adding that the agency in question subsequently failed to transfer the money to the TSA Account in line with government directives.
While stating that the bank had owned up to the impropriety and agreed to pay back the money in installments of 10 million dollars per month, he said it also pleaded that bulk deduction would cripple it operation.
The chairman added that as demonstration of good faith, the bank had paid an initial 20 million dollars to the Panel’s TSA Recovery Account domiciled with the Central Bank of Nigeria (CBN).
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The Chairman therefore promised that the panel would assist the Federal Housing Authority (FHA) to recover its property illegally appropriated by fraudulent individuals.
While re-echoed President Muhammadu Buhari’s position that corruption would always fight back, Obono-Obla, assured FHA’s Managing Director of the Panel’s commitment to deliver on its promise.
The MD said that the agency had also uncovered unwholesome dealings which resulted in zero documentation of about 800 houses in the Authority’s Gwarinpa Estate alone.