Our attention has been drawn to a report in Sahara Reporters and other publications, stating that the GMD and the Chief Compliance Officer of Skye Bank have been invited by the EFCC over an alleged non-remittance of funds belonging to the Presidential Implementation Committee (PIC) to the CBN in compliance with the TSA directives.

As at the time of the said sahara reports, neither the GMD nor the Chief Compliance Officer of the Bank had seen any such invitation. More importantly however, the balances in the said PIC account had since been moved to the CBN in compliance with the TSA on 2nd of October 2015 and the account closed.

Skye Bank thus does not maintain any account nor hold any funds belonging to the PIC as at today.

We have however received the invitation. These facts and clarifications will therefore be provided to the EFCC or any investigating agency on the subject.

Nduneche Ezurike

Head, Strategic Brand Management,

Skye Bank