The Special Presidential Investigation Panel for the recovery of Public Property, says it has recovered over 40 million naira for the Federal Government from one of the commercial banks in the country.
This was made known in a statement signed by the panel’s Head, Media and Communication, Lucie-Ann Laha, in Abuja.
The panel said it refrained from mentioning the name of the bank in question, in order to prevent panic by its customers.
The statement stated that the recovery was made as a result of findings by a team of the panel’s investigation into accounts of Federal Government agencies operated by commercial banks from 2009-2015.
It said the panel had earlier assigned a team of forensic auditors with the task of x-raying the operations of the Federal Government accounts domiciled in commercial banks within that period.The panel said this was done with a view to establishing whether or not such accounts had been subjected to arbitrary or excessive charges, interest shortfalls or accrued interests.
