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THE management of c Bank Limited has insisted the bank did not and has never hidden any fund belonging to the Federal Government or its agencies.
It will be recalled that Justice Chuka Obiozor of the Federal High Court, Lagos, had recently ordered seven banks to remit the various sums allegedly being kept illegally in their custody to the designated Federal Government’s Asset Recovery dollars account domiciled with the Central Bank of Nigeria (CBN).
The banks named in the case were United Bank for Africa (UBA), Diamond Bank Plc, Skye Bank Plc, First Bank Limited, Fidelity Bank Plc, Keystone Bank Limited and Sterling Bank Plc.
In a statement, Keystone Bank said: “In response to the news making the rounds that the Federal High Court sitting in Lagos had made an order directing Keystone Bank Limited to remit the sum of $17 million allegedly illegally kept in its custody to the TSA, we wish to state that Keystone Bank has never illegally hidden any amount of money belonging to the Federal Government or any of its agencies.
