Daily Trust intercepted a copy of the letter titled: Re: Invitation to investigative hearing In respect of NNPC deposit of $223,862,000 with the bank.
The letter which was dated June 21 and sent to the chairman of the Ad-Hoc Committee on the Assessment and Status of Recovered loots Hon. Adejoro Adeogun through the office of the Bank’s General Counsel Segun Tawoju provides extensive insight into the alleged controversial deposit.
The letter which had 10 annexures copiously provided details and revelations on the issues surrounding the transaction.
The Committee had during the sitting queried why the money had spent seven years with the bank without any action, adding that the bank must have thought the money had been forgotten.
By Bennett Oghifo
PAN Nigeria Limited recently hosted participants of the Air Force War College at its plant in Kaduna. The visit to Nigeria’s foremost automobile manufacturing plant was part of the Institution’s training programmes on national security, defense architecture and inter-agency cooperation.
The programme, which involved tours to institutions of strategic relevance to the nation, was led by Air Vice Marshall I.T. Ali, the Commandant of the College. PAN Nigeria was selected as one of the key institutions to be studied due to the importance of its industry to national development and employment, according to a statement by the Group Head, Corporate Services, PAN Nigeria Limited, Abdulkadir Yinusa.
How $300 million NNPC fund was secretly lodged | The Guardian Nigeria News - Nigeria and World News — Nigeria — The Guardian Nigeria News – Nigeria and World News guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
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Leke Baiyewu and Okechukwu Nnodim
Published 25 June 2021
Published 25 June 2021
The House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, on Thursday, grilled the Acting Managing Director, Polaris Bank Limited, Innocent Ike, over an account belonging to the Nigerian National Petroleum Corporation.
Over $200m was said to have been allegedly hidden in the account, which was opened in 2012.
Polaris Bank, formerly Skye Bank, said it forwarded the balance to the Central Bank of Nigeria in compliance with the Treasury Single Account policy of the Federal Government.
The House of Representatives ad hoc committee investigating the status of all recovered loots and assets from 2002 – 2020 by agencies of the Federal Government has summoned the Nigerian National Petroleum Corporation (NNPC) to appear before it to explain the $300 million alleged slush funds it deposited with the defunct Skye Bank, now Polaris. […]