– The House of Representatives said some funds were discovered outside TSA
– It said it will meet with the directors of the bank
– N21 billion and $104.46 million were found in two separate accounts
The House of Representatives has revealed that it discovered N21 billion and $104.46 million undeclared revenue outside the Treasury Single Account (TSA).
Abubakar Danburam who is the chairman Ad-hoc Committee investigating the management, implementation and level of compliance with the Treasury Single Account (TSA) made this revelation in Abuja.
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He said the monies were found in two separate accounts outside the TSA.
Danburam said the managing director of one of the banks has been summoned to appear before the committee.
He said: “Today, we are supposed to meet with Heritage Bank and Aso Savings with regard to the Treasury Single Account (TSA).
“As you can see, none of their management or staff is here. Our independent investigations have revealed that contrary to what Heritage Bank submitted to us, they also have two undisclosed accounts in the TSA.
“The one with Nigerian Export and Import (NEXIM) Bank has $104 million, while a second one with Nigerian Maritime Administration Safety Agency (NIMASA) has $46,000. Yet, there is another N21 billion, which also forms part of our enquiry. We want to know why they did not reveal those accounts to this Committee.
“We hereby give the Managing Directors of Heritage Bank and Aso Savings the opportunity to appear before this committee at a date to be announced later. If they fail, we will then issue a warrant of arrest against them.”
NAIJ.com had reported that the sum of N9.8bn belonging to the federal government which was allegedly hidden in a Nigerian bank has been reportedly discovered by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
Rasheedat Okoduwa, the spokesperson for the commission, in a statement said the money being part of the sum realised from the sale of government assets was deposited in the bank instead of the federal treasury.
The anti-graft agency stated that the managing director of the bank had been interrogated over the issue, The Punch reports.
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