More facts have emerged on the issues surrounding the $223m lodged with Polaris Bank by the Nigerian National Petroleum Corporation since 2012.
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. The bank had through its letter explained that following the regulatory intervention of the Central Bank of Nigeria in the defunct Skye Bank on July 4, 2016, the new board and management immediately set out to address the various irregularities and shortcomings, chief of which was the inability of the bank to remit the NNPC deposits which had been in the bank’s custody for several years to the Treasury Single Account, as directed by the Federal Government of Nigeria due to liquidity issues.
We are all thieves in the country 💯the problem be say some dhy use their crime take cover other crime✌️
NNPC is a body of scam.
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