The Managing Director of Skye Bank Plc., Mr. Timothy Oguntayo is now in EFCC’s trouble. Insiders squealed that the MD landed in hot soup over the refusal of the bank to move N6.3 billion belonging to the Presidential Implementation Committee on the Alienation of the Federal Government Landed Property to the Treasury Single Account (TSA) with the CBN.

Our sources revealed that the bank allegedly tried to hide the huge amount of money from the federal government as only the bank management and members of the Presidential Implementation Committee on the Alienation of the Federal Government Landed Property are aware of the money. We were told that the bank MD has already been invited by the Economic and Financial Crimes Commission (EFCC) to explain why he disobeyed President Muhammadu Buhari’s directive on TSA.

Furthermore, we were informed that the two accounts where the money is kept with the bank have been blocked by the EFCC.