Fidelity Bank Plc has denied illegally concealing $24.5million in complete
disregard of the Federal Government’s Treasury Single Account, TSA, policy
In a statement, Charles Aigbe, Divisional Head of Brand and
Communications, said Fidelity Bank had no role.
The statement said: “Our attention has been drawn to media reports stating
that Fidelity Bank illegally concealed $24.5m in contravention of the
Federal Government’s Treasury Single Account (TSA) policy, citing court
papers filed by the Office of the Attorney-General of the Federation at
the Federal High Court in Lagos today (yesterday).
“Please note that at the commencement of the TSA policy all TSA related
accounts held by the bank were fully disclosed to the authorities.
“We do not have any TSA related account with a balance of $24.5m in
Fidelity Bank which has not been remitted to the authorities.
“This matter is coming to us as a surprise. We are therefore reaching out
to the Office of the Attorney-General of the Federation to ascertain which
account or parastatal they are referring to with a view to carrying out a
detailed reconciliation.”