ICPC Arrests Bank Managers For Hoarding N258m New Notes

ICPC Arrests Bank Managers For Hoarding N258m New Notes | Daily Report Nigeria

Operatives of the Independent Corrupt Practices and Other Related Offences Commission says it has arrested the manager of Sterling Bank in Abuja.

The anti-graft agency said it uncovered two hundred and fifty-eight million naira of new naira notes hidden in the head office.

This discovery was made on Friday, February 3 in a statement released on its Twitter handle Tuesday night.

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According to the ICPC, a region manager and a service manager were granted administrative bail and its investigation into the matter would continue.

It noted that when the ICPC monitoring team visited the bank and discovered the stashed new naira notes in the bank’s vault, it was informed that the cash was the remnant of what the CBN had given the bank for onward distribution to its branches.

It also arrested the Head of Operations, Keystone Bank, Mararaba in Nasarawa State in a separate operation for hoarding the scarce national currency and “frustrating” customers in desperate need of new notes.

The team also arrested one Abdulkareem Shaibu, a security guard with Zenith Bank, 3rd Avenue Gwarimpa, as well as Ali Adam and Shafiu Umar.

While Shaibu, the security guard was arrested for having five ATM cards which he was using to collect money for different unknown persons who were not within the bank premises at that time, Adam and Umar were arrested in front of Zenith Bank, 1st Avenue Gwarimpa, for selling the new Naira notes.


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