First Bank Plc ha denied having any fund belonging to the Federal Government under its Treasury Single Account in its possession.
The Bank stated its position in a statement on Saturday by its spokesperson, Folake Ani-Mumuney.
The Federal High Court in Lagos had on Thursday ordered seven commercial banks to temporarily remit $793.2 million allegedly hidden by them in contravention of the Federal Government’s TSA policy.
Ani-Mumuney said in the statement on Saturday: “FirstBank wishes to categorically state that it does not hold any funds due NPDC and NNPC that are TSA eligible as carried in recent media reports as the Bank has since transferred all funds due to the TSA accounts in compliance with the policy directive.
“FirstBank remains a compliant institution and always abides by all extant regulatory rules and regulations.”