Sokoto to blacklist errant banks

Sokoto to blacklist errant banks

The Sokoto State
commissioner for finance, Faruk Yabo, said the state government will
blacklist any bank found frustrating the state’s e-payment system.

Mr. Yabo told the
News Agency of Nigeria (NAN) in Sokoto on Tuesday that the warning
became imperative, due to recent reports that some of the banks were
yet to remit the salaries of some workers into the workers’ salary
accounts.

“The salaries were
ordered to be paid since May 25. The main account was debited on May
26. The sub treasury account was also credited on the same day,’’ he
said.

He added that the
system had been going on smoothly since January this year, noting that
some banks were playing tricks in posting salaries.

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