The attention of Stanbic IBTC Bank PLC (the
Bank) has been drawn to press reports alleging that a sum of “N83 billion” of
what was termed to be “unclaimed funds” had been discovered in the Bank, as
part of the hearing by the House of Representatives Ad-Hoc Committee on
recovery of “Unclaimed Funds”.
It is important to stress clearly that the
allegations made in the press reports against the Bank are misleading and DO
NOT represent the facts.
The Bank has provided all information as
requested by the House of Representatives’ Ad-Hoc committee and continues to
work with the House Committee to provide any additional information that the
Committee may require. For the avoidance of doubt, the Bank does not have any
further obligations in respect of any alleged “unclaimed funds”.
Stanbic IBTC Bank continues to be
transparent and ethical in its business practices, and we remain committed to
upholding the highest level of integrity in all our dealings."
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