Kogi govt re-appoints Skye Bank as lead collecting bank for state IGR, services

Less than a week after Lagos State Government directed all its agencies and ministries to increase business relationship with Skye Bank, another state of the federation, Kogi State has re-appointed the bank as its lead collecting bank for the state’s Internally Generated Revenue (IGR) and services.

The news of the re-appointment of Skye Bank was contained in a letter signed by the State’s Accountant General, Momoh Jibrin and addressed to the Group Managing Director and Chief Executive of the Bank, Tokunbo Abiru.

Dated July 18, with reference number KSG/TRY/2/S.07/VOL.II/20, the four paragraph letter titled: Re-appointment as Lead Collecting bank for Kogi State Internally Generated Revenue (IGR) and Services, lauded the track record of the bank in meeting its obligations and responsibilities which informed the decision of the State government to re-appoint the lender, even as it promised continued patronage of Bank by the state.

“We wish to inform you of the State Government’s decision to re-appoint your bank as lead collecting bank for the Kogi State IGR and services. Please accept the assurance of the state government’s highest regards and continued patronage,” the letter read in part.

It will be recalled that Lagos State Government had last week commended the bank’s management wherein the state promised to partner the financial Institution on business development, mandating all ministries and agencies in the state to continue to transact business with the bank.

The Lagos State Government had expressed its confidence on the Board and management and leadership of Skye Bank noting that the bank is safe and in good financial health.