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Commercial bank manager arrested for hoarding new Naira notes in Abuja.

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Commercial bank manager arrested for hoarding new Naira notes in Abuja.

By Naomisophyblog

Operatives of the EFCC have arrested an operations manager of a leading commercial bank in Abuja for allegedly refusing to load the bankā€™s ATMs despite having N29million of the redesigned Naira notes in the branchā€™s vaults. The manager was arrested on Monday, February 6, 2023.

According to the EFCC, ā€œBefore he was whisked away for further questioning, the operatives ordered the loading of all the ATMs & 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.

Read Also :Supreme Court suspends CBN deadline on old, new naira notes swap.

This discovery, which indicates a sabotage of the governmentā€™s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance & visit to banks across the country to access their vaults & verify whether they were deliberately refusing to dispense the redesigned Naira notes.

More than 5 bank branches were covered today by the operatives in Abuja.

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