Skye Bank MD, Timothy Oguntayo Speaks On N6.3b Presidential Committee Funds

The managing Director of Skye Bank Plc, Mr. Timothy Oguntayo has reacted to the reports in some online media that the bank did not remit N6.3 billion funds belonging to the Presidential Implementation Committee (PIC) to the CBN in compliance with the TSA directives by the Federal Government.
In a statement by the bank’s Head of Strategic Brand Management, Nduneche Ezurike, the financial institution said that 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.
The statement reads: “Our attention has been drawn to reports in some online portals 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 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.
So the reports making the rounds in these online media are not just figments of the writers' imagination but calculated attempts to malign the hard earned reputation of the award winning financial institution.