Audit observed, from the review of the Bank’s prepared but yet unaudited accounts for years 2015 and 2016 that the Bank failed to remit the sum of N4,210,358,997.00 which represents 25% of the sum of N16,841,435,988.00 that was generated cumulatively in years 2015 and 2016.
The Managing Director is required to remit the sum of N4,210,358,997.00, to government treasury, failing which sanctions provided in FR 3120 should apply.
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