BREAKING: EFCC Nabs Abuja Bank Manager For Hoarding N29m New Notes

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The Economic and Financial Commission (EFCC), on Monday, arrested the Operations Manager of “a leading commercial bank” in Abuja.

This was disclosed in a statement by the EFCC spokesman, Wilson Uwujaren.

The manager reportedly 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.