Nigeria: $793.2 Million TSA Funds - Skye Bank Confirms Holding $41 Million

The management of Skye Bank on Friday confirmed holding about $41 million (about N12. 9billion) belonging to the Nigerian Investments Management Services, NAPIMS, allegedly kept away from the Treasury Single Account, TSA account domiciled with the Central Bank of Nigeria, CBN.

The money is part of about $793.2 million (about N249.9 billion) allegedly kept illegally in the custody of seven commercial banks.

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