Fidelity Bank Plc has denied illegally concealing $24.5million in complete
\ndisregard of the Federal Government’s Treasury Single Account, TSA, policy<\/p>\n
In a statement, Charles Aigbe, Divisional Head of Brand and
\nCommunications, said Fidelity Bank had no role.<\/p>\n
The statement said: \u201cOur attention has been drawn to media reports stating
\nthat Fidelity Bank illegally concealed $24.5m in contravention of the
\nFederal Government\u2019s Treasury Single Account (TSA) policy, citing court
\npapers filed by the Office of the Attorney-General of the Federation at
\nthe Federal High Court in Lagos today (yesterday).<\/p>\n
\u201cPlease note that at the commencement of the TSA policy all TSA related
\naccounts held by the bank were fully disclosed to the authorities.<\/p>\n
\u201cWe do not have any TSA related account with a balance of $24.5m in
\nFidelity Bank which has not been remitted to the authorities.<\/p>\n
\u201cThis matter is coming to us as a surprise. We are therefore reaching out
\nto the Office of the Attorney-General of the Federation to ascertain which
\naccount or parastatal they are referring to with a view to carrying out a
\ndetailed reconciliation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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…<\/p>\n","protected":false},"author":1,"featured_media":58703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-58702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n