Standard Chartered Bank Nigeria Limited has debunked reports that the bank is closing its branches in Nigeria.
The House of Representatives Ad Hoc committee on the assets and liabilities of the NNPC Limited had reportedly stated that “Standard Chartered Bank is closing all its Nigerian branches and the nation has so much to worry about, considering the huge funds warehoused therein in the names of NAPIMS (National Petroleum Investment Management Services) and NNPC”.
In a statement, the bank’s Head of Corporate Affairs, Brand and Marketing, Dayo Aderugbo said that the allegations were “completely false.”
It added: “Standard Chartered Bank Nigeria Limited is fully committed to Nigeria and remains operational with branches in Lagos, Port Harcourt and Abuja. We remain fully committed to providing the best-in-class financial services and solutions to all our customers.
“As this is a matter under legislative review between the Federal Government, the NNPC and other relevant parties, you will appreciate that we are unable to provide any additional information at this time”.
On Wednesday, the House of Representatives called for a forensic audit of the NNPCL to determine its assets and liabilities as well as its current market value.
The House stated that the audit was necessary due to the metamorphosis of the Nigerian National Petroleum Corporation into a limited liability company.
In its report presented to the legislature on Tuesday, Ad Hoc committee said that its findings showed that asset worth $64 billion (about N28 trillion) was unveiled by former President Muhammadu Buhari but only $58.8 billion (N26 trillion at the official rate of N450 to $1) was transferred, leaving a balance of N2 trillion unaccounted for.
It then recommended that NNPCL should re-assess its accounting system, and stated that Standard Chartered Bank was closing its branches in Nigeria, which had NNPCL funds.
