{"id":32052,"date":"2019-05-21T10:27:12","date_gmt":"2019-05-21T09:27:12","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=32052"},"modified":"2019-05-21T10:27:12","modified_gmt":"2019-05-21T09:27:12","slug":"unity-bank-refutes-presidential-panel-allegations-says-claims-are-frivolous-unfounded","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/unity-bank-refutes-presidential-panel-allegations-says-claims-are-frivolous-unfounded\/","title":{"rendered":"Unity Bank Refutes Presidential Panel Allegations …Says Claims Are Frivolous, Unfounded"},"content":{"rendered":"

Unity Bank has faulted the allegation against it by Special Presidential Investigation Panel for Recovery of Public Property (SPIPRPP) over the ongoing reconciliation of the affected MDA accounts, stating that the report is geared towards misinforming the public and misrepresenting the Bank\u2019s position and nil impact resolutions reached during the reconciliation engagements.<\/p>\n

In a statement by the bank\u2019s Head, Corporate Communications Matthew Obiazikwor, \u201cIn the ongoing investigation, Unity Bank has conducted itself professionally by providing all evidence of customers’ instructions requested by the panel as it relates to all the MDAs.<\/p>\n

He said Unity Bank had earlier transferred all the balances belonging MDAs to their respective TSA accounts in Central Bank of Nigeria as far back in 2016.<\/p>\n

The SPIPRPP had on Monday said that it might\u00a0charge Unity Bank\u00a0with offences of\u00a0economic sabotage\u00a0if the\u00a0bank\u00a0refused to return the about N7bn the\u00a0bank\u00a0was owing the Federal Government<\/p>\n

Further in his explanation Obiazikwor said \u201cUpon approaching the Bank in 2018 to conduct investigations on the subject of MDAs, Unity Bank, as a responsible corporate citizen, cooperated with the panel accordingly. But out of its own volition, the panel refused to admit further documentary evidence from the Bank when it was obvious that the Bank has no balances kept in its books for the MDAs. Instead, the panel suspended the investigation as apparently it could not fault any of the evidence presented by the Bank.<\/p>\n

According to him, the Panel in an earlier letter requested the Bank to accept culpability and pay off a certain sum deemed outstanding which the Bank objected and insisted on completing the reconciliation exercise because the claims presented at this point against the Bank were unfounded and frivolous.<\/p>

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\u201cIt is therefore surprising for the SPIPRPP to turn back and issue a statement alleging sabotage when it abandoned its sitting and investigation midway<\/p>\n

\u201cFurthermore, it must be emphasized that, without prejudice to the constitutional power of Revenue Mobilization and Fiscal Allocation Commission (RMFAC) as the sole agency of government to investigate,\u00a0 review, reconcile and collect revenue for government,\u00a0 the bank co-operated fully with SPIPRPP and its consultants in the investigation process and it was proven beyond reasonable doubt that Unity Bank has all records to show that it does its banking transactions transparently and in compliance with extant banking regulations and at no time took charges on the MDAs that were outside what is contained in the Bankers Tariffs, which guide banking operations in Nigeria.<\/p>\n

\u201cThe bank therefore maintains that the allegations of SPIPRPP, are superfluous, frivolous ill-motivated and unfounded as falsely presented in a press statement purportedly sent to the public.<\/p>\n

\u201cWe hereby call on our customers and the general public to disregard the allegations which is subterfuge aimed to unnecessarily smear the image of the Bank\u201d, he added.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Unity Bank has faulted the allegation against it by Special Presidential Investigation Panel for Recovery of Public Property (SPIPRPP) over the ongoing reconciliation of the affected MDA accounts, stating that the report is geared towards misinforming the public and misrepresenting the Bank\u2019s position and nil impact resolutions reached during the reconciliation engagements.<\/p>\n","protected":false},"author":6,"featured_media":23271,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[5630,2775],"coauthors":[2391],"class_list":["post-32052","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-spiprpp","tag-unity-bank"],"yoast_head":"\nUnity Bank Refutes Presidential Panel Allegations ...Says Claims Are Frivolous, Unfounded - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/unity-bank-refutes-presidential-panel-allegations-says-claims-are-frivolous-unfounded\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unity Bank Refutes Presidential Panel Allegations ...Says Claims Are Frivolous, Unfounded - National Wire\" \/>\n<meta property=\"og:description\" content=\"Unity Bank has faulted the allegation against it by Special Presidential Investigation Panel for Recovery of Public Property (SPIPRPP) over the ongoing reconciliation of the affected MDA accounts, stating that the report is geared towards misinforming the public and misrepresenting the Bank\u2019s position and nil impact resolutions reached during the reconciliation engagements.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/unity-bank-refutes-presidential-panel-allegations-says-claims-are-frivolous-unfounded\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-21T09:27:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/UnityBank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1092\" \/>\n\t<meta property=\"og:image:height\" content=\"542\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/unity-bank-refutes-presidential-panel-allegations-says-claims-are-frivolous-unfounded\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/UnityBank.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/04\/UnityBank.jpg\",\"width\":1092,\"height\":542,\"caption\":\"Unity BanK\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/unity-bank-refutes-presidential-panel-allegations-says-claims-are-frivolous-unfounded\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/unity-bank-refutes-presidential-panel-allegations-says-claims-are-frivolous-unfounded\/\",\"name\":\"Unity Bank Refutes Presidential Panel Allegations ...Says Claims Are Frivolous, Unfounded - 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