Skye Bank pledges improved IGR for States

Skye Bank

Skye Bank Plc., has expressed its readiness to assist states in the country improve on their internally generated revenue (IGR), plug leakages in collection of services across all revenue channels as well as help solve ghost workers syndrome through efficient payroll software expertise.

The Bank, which currently has lead IGR mandate in no fewer than six Northern states in the last 12 months, handles several other revenue services and revenue mandates for ministries, departments and agencies of several states and the federal government.

It has mandates as the payroll bank for Kogi, Nasarawa and Katsina States, in addition to being re-appointed as lead collecting bank for Kogi, Kano, and Taraba states in the areas of IGR and services.

Also, the bank handles the Hajj Commission Collections accounts for several states in the North, as well as the Federation Account and Allocation Committee’s accounts of some states.

Recently, the Lagos State Government directed all its agencies, ministries and parastatals to increase business relationship with Skye Bank, just as Kogi State re-appointed the bank as its lead collecting Bank for the State Internally generated Revenue and services.

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

The bank’s IGR and service mandates also cover states in the South South, South West, North Central and the South Eastern parts of the country. Besides, the bank has helped and still helps several states raise their revenue profile as well as block leakages in their tax administration system.

Skye Bank Nigeria’s leading financial service provider, is credited to have developed IGR and employee biometric solution that has been deployed for the enhancement of IGR collections and abolition of Ghost worker syndrome in several states in Nigeria.

and endorsement represent the confidence and trust various state governments have in the Board and management and leadership of Skye Bank.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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