Public Property: Presidential Panel Recovers N40m From Commercial Bank - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
April 30, 2019
The Special PresidentialInvestigation Panel for the recovery of Public Property, says it has recoveredover 40 million naira for the Federal Government from one of the commercialbanks in the country.
This was made known in a statementsigned by the panel’s Head, Media and Communication, Lucie-Ann Laha, in Abuja.
The panel said it refrained frommentioning the name of the bank in question, in order to prevent panic by itscustomers.
The statement stated that therecovery was made as a result of findings by a team of the panel’sinvestigation into accounts of Federal Government agencies operated by commercialbanks from 2009-2015.
It said the panel had earlierassigned a team of forensic auditors with the task of x-raying the operationsof the Federal Government accounts domiciled in commercial banks within that period.The panel said this was done with a view toestablishing whether or not such accounts had been subjected to arbitrary orexcessive charges, interest shortfalls or accrued interests.