According to the report, the sum of $15,561,769.99 dollars and N1,488,455,810.90 were excess and arbitrary charges on accounts of some agencies of government by the bank before the implementation of Treasury Single Account (TSA) system and Unity bank is yet to remit the monies to Federal Govenrment.
However in a statement signed by the bank’s Corporate Affairs department and made available to Unity bank completely refuted the claims and asked the public to disregard it entirely
According to the bank, allegation against it by Special Presidential Investigation Panel for Recovery of Public Property (SPIPRPP) over the ongoing reconciliation of the affected MDA accounts is false, stating that the report is geared towards misinforming the public and misrepresenting the Bank’s position and nil impact resolutions reached during the reconciliation engagements.
In 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.
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.
Upon 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.
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
It is therefore surprising for the SPIPRPP to turn back and issue a statement alleging sabotage when it abandoned its sitting and investigation midway
Furthermore, 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, review, reconcile and collect revenue for government, 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.The 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.
We 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.