EFCC nabs Abuja bank manager for hoarding N29m new notes

Tue, Feb 7, 2023
By editor
2 MIN READ

Business

THE Economic and Financial Commission, EFCC, on Monday, arrested a senior bank official in Abuja.

The staff is the Operations Manager of “a leading commercial bank” in the Central Area, according to EFCC spokesman, Wilson Uwujaren.

The manager refused to load the Automated Teller Machines, ATMs, despite having N29million of the redesigned naira notes in the branch’s vaults.

Uwujaren said before he was whisked away for further questioning, the operatives ordered the loading of all the ATMs.

The EFCC also ensured payment across the counter to the delight of the customers who had spent hours on queues without getting the new notes.

The anti-corruption agency stated that the latest discovery indicates “a sabotage of the government’s monetary policy by some banks”.

Uwujaren disclosed that operatives covered more than five bank branches today in the Federal Capital Territory (FCT).

The operation was in continuation of the surveillance and visit to banks across the country to access their vaults and verify whether they are deliberately refusing to dispense cash.

The EFCC said it would continue the raid until normalcy is restored to the banking system, urging Nigerians finding it difficult to access funds at any bank and suspects foul play to contact the commission.

KN

Tags:


OceanX, OceanQuest unveil new Deep-Sea discoveries from around Africa

AS the pioneering “Around Africa Expedition” arrives in Cape Town, OceanX and OceanQuest are unveiling a series of remarkable discoveries...

Read More
AfDB Pandemic Fund sign agreement to leverage resources for pandemic preparedness

The Pandemic Fund is a partnership among donor countries, co-investors, foundations and civil society organizations hosted by the World Bank...

Read More
Traders, residents laud Soludo for transforming Ugwunwasike Ogidi/Ogbunike building materials market road.

GOVERNOR Charles Soludo has completed the transformation of Ugwunwasike Ogidi/Ogbunike building materials market road, a hub for trade and commerce...

Read More