The Special Presidential Investigation Panel For The Recovery Of Public Property (SPIP) may slam a charge of economic sabotage on Unity Bank if the bank persists in refusing to return the over seven billion Naira it owes Federal Government, to the Federation Account.
\nThis sum represents Fifteen Million, Five Hundred and Sixty One Thousand, Seven Hundred and Sixty Nine Dollars, Ninety Nine Cents ($15,561,769.99) and One Billion, Four Hundred and Eighty Eight Million, Four Hundred and Fifty Five Thousand, Eight Hundred and Ten Naira, Ninety Kobo (N1,488,455,810.90), being excess and arbitrary charges on accounts of some agencies of government by the bank before the institution of TSA.
\nThe agencies in question include Nigerian Ports Authority (NPA), Nigerian National Petroleum Corporation (NNPC), Nigeria Custom Service (NCS), Kaduna Refinery and NIMASA.
\nUnity Bank which had agreed to this amount in February of this year, has neither proffered a payment plan nor demonstrated good faith by actually initiating payments. Instead, the bank has severed all communications with the Panel in this regard.
\nIt may be recalled the SPIP, had commissioned a team of experts including forensic auditors to look into the operations of accounts of MDAs in commercial banks within the country prior to the commencement of TSA. This exercise had unearthed some sharp practices and elicited indictments. Some of the indicted banks have since agreed to a refund plan and in fact commenced payments. Unity Bank has however not made any move in this regard.
\nThe SPIP is unrelenting in its resolve towards ensuring that economic saboteurs are brought to book and looted public property, including money, duly returned to government.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Special Presidential Investigation Panel For The Recovery Of Public Property (SPIP) may slam a charge of economic sabotage on Unity Bank if the bank persists in refusing to return the over seven billion Naira it owes Federal Government, to the Federation Account. This sum represents Fifteen Million, Five Hundred and Sixty One Thousand, Seven […]<\/p>\n","protected":false},"author":7,"featured_media":17433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-18110","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/18110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18110"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/18110\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}