REPS Claim N1.2trn govt funds hidden in commercial banks

The house of representatives has commenced an investigation into “unclaimed and unremitted funds” said to be in various accounts in commercial banks in Nigeria.

The ad hoc committee on unclaimed funds in Nigerian commercial banks and infractions by the Central Bank of Nigeria (CBN), which was inaugurated on Monday, is specifically probing several accounts allegedly holding about N1.2 trillion.

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