The Special Presidential
Investigation Panel for the Recovery of Public Property (SPIP) says it has
recovered N118 million from two commercial banks in the country.
Lucie-Ann Laha, the panel’s head,
media and communication, made this known in a press statement in Abuja on
Tuesday.
According to her, the recoveries
were made as a result of findings by the panel’s investigation into accounts of
the federal government agencies operated by commercial banks from 2009 to 2015.
“The panel refrains from naming
the banks in question, in order to prevent panic among their customers,” she
said.
She added that the panel had
earlier assigned a team of forensic auditors, the task of x-raying operations
of federal government accounts domiciled in all commercial banks in the county
within that period.
This, Laha said, was with a view
to establishing whether or not such accounts had been subjected to arbitrary or
excessive charges, interest shortfalls, accrued interests or other illegal
dealings.
“Arising from its findings, the
panel, in a letter dated January 19, 2019, issued demand notices to the banks
that were found wanting, for the amounts the audit team had arrived at,” she
said.
“The banks however, disagreed
with the figures quoted by the panel’s auditors, following which the panel and
the banks held joint accounts reconciliation meetings.
“It was then ascertained and
agreed that the first of the two banks would refund N40, 336,186. It was also
agreed that the second bank will refund N77,048,825 in three installments from
May to July 2019.
“The first of the banks in
question which has since paid its indebtedness being the sum of N40, 336,186
into the panel’s Recovery Account domiciled with the Central Bank of Nigeria
(CBN), also agreed to refund the sum of $56,919.10, to the coffers of the
Federal Government.”
The spokesperson however, said
these recoveries were different from the $20 million earlier reported by the
panel.
She added that the panel remained
resolute in its commitment to recover looted public property and bring to book
all who contributed to the economic adversity of Nigeria in line with its
mandate.
Okoi Obono-Obla is the head of
the panel.
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