The House also queried the management over allegations of breach of agreement on Cash on Transfer, CoT, charges to the tune of N28.3 million. Information Guide Nigeria

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The lawmaker acknowledged receipt of the amended report submitted by First Bank with respect to the additional sum of N9.4 million.

Oke said that the Bank was invited to respond to the oAuGF audit query that the NCS was over-charged by the banks in the area of CoT. jamb results

He said that presentations made by representatives of some banks including First Bank were found to be at variance with the agreement signed by NCS authorities.

According to the oAuGF’s query, First back in an MoU charged 30k and other commissions amounting to N1.3 billion, thereby raising the commission to N1 as against the 30k originally charged.

Mr. Shehu Aliyu, who led the First Bank Executive Director said that the Bank ought to collect 30k per N1,000 as stipulated in the Memorandum of Understanding (MoU) signed by both parties.

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