Skye Bank Strengthens Revenue Collections Machinery

Wytheville, VA (PressExposure) October 27, 2011 -- Skye Bank PLC has strengthened its revenue collection capability as it prepares to win new mandates from both the state and federal governments as well as their, ministries, parastatals and agencies.

In preparation for the increase in its revenue collection activities in the new year, the bank has invested heavily in staff training and deployment of platforms and facilities to optimize its operations and meet clients' expectations.

A statement issued by the bank said the results of the staff training, innovations and deployment of relevant platforms would bring greater efficiency and bigger revenues for the various client organizations across the country.

Specifically, the bank explained that out of the projected N1.6 trillion revenue being expected by the various tiers of government and their agencies during the year, its acquired competence has placed it in a better position to deliver value without hassles.

The statement said the bank's well trained professionals are on top of revenue collection and internally generated revenue (IGR) in many states of the federation where their expertise and skills have helped to raise the revenue profiles of such states.

Among the various institutions the bank collects revenue for are the Federal Inland Revenue Service (FIRS), Power Holding Company of Nigeria (PHCN), Nigeria Customs Service, educational institutions and others like the Joint Admissions and Matriculations Board, WAEC and NECO.

The bank is also a lead bank to about seven states under their Internally Generated Revenue (IGR) projects. Such states include Rivers, Kaduna, Akwa Ibom, Lagos, among others. It also helps various local councils to collect revenue under the e-IGR scheme.

Skye Bank PLC has won various awards on account of its sterling performance in the area of revenue collection through electronic platforms which has helped states' and federal agencies to minimize leakages and diversion.

For more information contact:

Head Office: Skye Bank PLC
3, Akin Adesola Street, Victoria Island, Lagos
Tel: + 234 1 2701600

About Skye Bank Nigeria PLC.

Skye Bank PLC has evolved into one of the top financial institutions in Nigeria, after its very seamless consolidation exercise in 2006.

It operates as a group that provides facets of financial products and services powered by a purpose built technological framework that supports the service delivery process to customers.

With a cumulative wealth of experience that spans over 50 years, Skye Bank is historically one of the oldest banks in Nigeria and West Africa. We are quoted on the Nigerian Stock Exchange with over 450,000 diverse shareholders with a shareholding structure that puts no more than 5% in the control of any one individual or company.

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Press Release Submitted On: October 27, 2011 at 7:34 am
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