Random Pagan Verse:
In the Old Days, we could use the Art against anyone who treated the Witches badly; but in these times, we must not do so. Our enemies have invented a burning pit of everlasting fire into which their God throws everyone who does not worship Him,
except for those few who buy their penance from His priests (for their God always seems to be in need of money). Even as our Gods need our aid to make fertility for people and crops, so it is that the God of the Christians is always needing men to find and destroy us.
Their priests tell them that any man who is helped by us will be damned to their Hell forever, to the point that men are mad with the terror of it. But the priests also make them believe that they may escape this Hell if they give up Witches to be tortured, so that these men
are always thinking, "If I catch only one Witch, I will escape the fiery pit." For this reason we have our hiding places, and when no Witches are found, the searchers will say, "There arent any Witches, or at least not in this area." But as soon as one of our oppressors dies
or even catches a cold, the cry will go up that it is "Witches work", and the hunt will be on again. And while they may kill ten Christians for every Witch, they will not care, for they are countless millions while we are few indeed.

Author Topic: Nigerian FG recovers N1.6 Billion illegal bank charges from commercial bank  (Read 9187 times)

Offline yungcrux (OP)

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N1.6b illegal bank charges has been recovered from one of the many branches of one money deposit bank, Minister of Finance, Kemi Adeosun told the House of Representatives on Thursday.



Adeosun, who said the recovery was made possible by the Treasury Single Account (TSA), added that other branches of the unamed bank would go through the same process.

According to her, the fund was illegally taken by banks as excess charges on the accounts they maintained for government agencies in the pre-TSA era.

Speaking during an investigative public hearing into the status of TSA by the Abubakar Danburam-Nuhu (APC-Kano)-led Ad-hoc Committee, the Minister also disclosed that another N600m was recovered from some money deposit banks in continuation of the TDA policy.

She said that the level and nature of the operations of the recoveries required the expertise of consultants which made the discoveries posibble.

She said: “In one branch of a bank, we recovered N1.6b in just one branch. There are many other branches.

“You are looking at the many accounts holding government money before the TSA started. There is a lot,” the Minister observed.

On the recovered N600m, Adeosun said it was recovered as part of the ongoing mopping up of government funds in accounts still being traced, adding, “We got the N600m recently, which was for charges by these banks. It was returned and we are still on it.

“The TSA had been implemented almost 100 percent by the MDAs, though there are a few accounts still outside the system were being followed up”.

She also said some accounts operated by Nigerian National Petroleum Corporation (NNPC) and West African School Certificate (WAEC) were exempted from the TSA because of the nature of their operations.

On the engagement of Consultants for recoveries while the Office of Auditor General of the Federation (AGF) has competent hands, the Minister explained that Consultants are engaged because their engagement assisted in achieving faster result.


 

 

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