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How Polaris bank fully refunded NNPC's $223m to FG


Daily Trust intercepted a copy of the letter titled: Re: Invitation to investigative hearing In respect of NNPC deposit of $223,862,000 with the bank.
The letter which was dated June 21 and sent to the chairman of the Ad-Hoc Committee on the Assessment and Status of Recovered loots Hon. Adejoro Adeogun through the office of the Bank’s General Counsel Segun Tawoju provides extensive insight into the alleged controversial deposit.
The letter which had 10 annexures copiously provided details and revelations on the issues surrounding the transaction.
The Committee had during the sitting queried why the money had spent seven years with the bank without any action, adding that the bank must have thought the money had been forgotten. ....

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