The Economic and Financial Crimes Commission (EFCC), on Monday, arrested an Operations Manager of a commercial bank in Abuja Central Area, for hoarding the ...
before the operation manager was arrested, the EFCC operatives had 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 in queues without getting the new notes. According to the statement, "this discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. According to reports, Nigerians had been forced to sleep in various bank ATMs across the country to be able to withdraw the new banknotes to buy foodstuffs and other domestic products owing to the scarcity of the new currency notes.
The Economic and Financial Commission (EFCC) has arrested an operations manager of a leading commercial bank in the Abuja central alvrea for hoarding the.
“This discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. The unnamed banker, was arrested for refusing to load the Automated Teller Machines (ATMs), of the bank despite having N29million of the redesigned naira notes in the branch’s vaults. The Economic and Financial Commission (EFCC) has arrested an operations manager of a leading commercial bank in the Abuja central alvrea for hoarding the newly redesigned naira note.
ABUJA – An Operations Manager of a leading Commercial bank in Abuja Central Area was on Tuesday, arrested by operatives of the Economic and Financial ...
Similar exercises were ongoing in Zonal Commands across the country. This discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. ABUJA – An Operations Manager of a leading Commercial bank in Abuja Central Area was on Tuesday, arrested by operatives of the Economic and Financial Commission, EFCC, 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.
EFCC arrests bank manager for 'hoarding N29m new notes' in Abuja The Economic and Financial Crimes Commission (EFCC) says it has arrested the operations ...
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The Nigerian agency that investigates financial crimes has arrested a branch manager of a commercial bank in the capital, Abuja, for allegedly refusing to ...
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The operatives of the Independent Corrupt Practices and Other Related Offences Commission (EFCC) have arrested two bank managers in connection with N258 |
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The operations manager of a bank in Abuja has been apprehended by the Economic Financial Crimes Commission (EFCC) for allegedly hoarding the new naira notes ...
Similar exercises were ongoing in Zonal Commands across the country. “More than five bank branches were covered today by the operatives in Abuja. According to the EFCC spokesperson:
Owolola Adebola An Operations Manager of a leading Commercial bank in Abuja Central Area was on February 6, 2023, arrested by operatives of the Economic and ...
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The EFCC has arrested an Abuja bank manager for hoarding N29 million new naira notes instead of loading them on ATMs and paying them across the counter per ...
Having new notes in the bank's vault and not paying customers violates the CBN's monetary policy. The EFCC carried out similar zonal commands across the country. [uncovered N6 million new naira notes hoarded ](https://www.legit.ng/business-economy/economy/1518526-cbn-discovers-n6-million-naira-notes-hoarded-ekiti-bank/)in one of the new generation banks in Ado [Ekiti](https://www.legit.ng/tag/ekiti-state-news-today/). [Vanguard](https://www.legit.ng/tag/vanguard/) reports that CBN's Deputy Director, Oluwole Owoeye, uncovered the new naira notes while inspecting the bank in the state. [EFCC](https://www.legit.ng/tag/efcc/) officials asked that the bank load the ATMs with the discovered notes and commence the immediate payment of the new notes across the counter in line with CBN's directives. [Abuja](https://www.legit.ng/tag/abuja-city-news-today/) for refusing to load the bank's ATMs with new notes despite having N29 million of the new banknotes in the vaults.
An Operations Manager of a leading Commercial bank in Abuja Central Area was on Tuesday, arrested by operatives of the Economic and Financial Commission, ...