EFCC arrests Commercial Bank’s Operations Manager for hoarding new Naira notes

Operatives of Economic and Financial Crimes Commission on Monday arrested Operations Manager of a leading Commercial bank in Abuja Central Area
for refusing to load the Automated Teller Machines, ATMs, of the bank despite having N29 million of the redesigned Naira notes in the branch’s vaults.

Before he was whisked away for further questioning, the operatives ordered the loading of all the ATMs and the payment of the stipulated amount across the counter to the delight of the distraught customers who had spent hours on queues without getting the new notes.

EFCC said in a state by Wilson Uwujaren
Head, Media & Publicity that “this discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made in continuation of the ongoing surveillance and visit to banks across the country .

It said the visits are to access bank vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. “More than five bank branches were covered today by the operatives in Abuja. Similar exercises were ongoing in Zonal Commands across the country.”

The operation will continue until normalcy is restored to the banking system.

It advise Nigerians finding it difficult to access their funds at any bank and suspects foul play to contact the commission, for immediate intervention.