The National Office for Technology Acquisition and Promotion (NOTAP) on Monday said it didn’t grant any management or maintenance franchise agreement for Stanbic IBTC Bank.
The Director General, NOTAP, Dr Dan-Azumi Ibrahim said this in an interview with newsmen in Abuja.
He said that what the agency had approved for the bank was software licence agreement and not management franchise agreement.
It would be recalled that the issue started few months ago when shareholders of Stanbic IBTC wrote a petition drawing the attention of regulatory authorities to some unapproved transactions entered into by the bank.
They alleged that billions of naira deducted from gross revenue earned, had been illegally stashed in suspense account since 2011.
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