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https://www.africanews.com/2023/02/07/bank-manager-arrested-in-abuja-for-hoarding-new-naira-notes/
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The suspect was arrested by operatives of the commission for allegedly refusing to load the new notes in the Automated Teller Machines (ATMs), of the bank despite having N29million of the redesigned naira notes in the branch’s vaults, a statement by EFCC's Head of Media and Publicity Wilson Uwujaren, read as reported by local media. 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 CBN had several times accused the officials of the commercial banks of hoarding the New currency notes, insisting that the notes printed were enough and if properly distributed there shouldn't be scarcity. 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. "The operation will continue until normalcy is restored to the banking system," EFCC assured in the statement. Meanwhile, the anti-graft agency has urged Nigerians finding it difficult to access their funds at any bank and suspecting foul play to contact the commission, for immediate intervention. RELATED ARTICLES 01:42 NIGERIA LAUNCHES NEW NAIRA NOTES TO MOP UP COUNTERFEITS 24/11 - 10:55 FROM THE SAME COUNTRY NIGERIAN BILLIONAIRE SET TO TAKE OVER ENGLISH CHAMPIONSHIP CLUB SHEFFIELD UNITED 23 hours ago 01:30 ELECTION OFFICIALS IN NIGERIA CARRY OUT MOCK TESTS AHEAD OF POLLS 05/02 - 17:17 02:17 AFRICAN CULTURE AND STYLE CELEBRATED AT ARISE FASHION WEEK IN LAGOS 06/02 - 12:06 View more Share * * * * * * More About * Arrest * banknote * Nigeria * naira * Africanews Recommended for you Recommended by RELATED ARTICLES 01:42 NIGERIA LAUNCHES NEW NAIRA NOTES TO MOP UP COUNTERFEITS 24/11 - 10:55 FROM THE SAME COUNTRY NIGERIAN BILLIONAIRE SET TO TAKE OVER ENGLISH CHAMPIONSHIP CLUB SHEFFIELD UNITED 23 hours ago 01:30 ELECTION OFFICIALS IN NIGERIA CARRY OUT MOCK TESTS AHEAD OF POLLS 05/02 - 17:17 02:17 AFRICAN CULTURE AND STYLE CELEBRATED AT ARISE FASHION WEEK IN LAGOS 06/02 - 12:06 ON THE SAME SUBJECT * NEWS GO TO VIDEO GOOGLE HOPES 'BARD' WILL OUTSMART CHATGPT, MICROSOFT IN AI 07/02 - 13:07 * NEWS GO TO VIDEO MORE THAN 10 KILLED IN CLASHES IN CONTESTED SOMALILAND TOWN 07/02 - 11:54 * NEWS GO TO VIDEO MAURITANIA: THE TRIAL OF EX-PRESIDENT AZIZ CAN CONTINUE 1 hour ago * NEWS GO TO VIDEO TUNISIA PRESIDENT FIRES FOREIGN MINISTER 2 hours ago * BUSINESS GO TO VIDEO GHANA TO CONCLUDE IMF DEAL IN MARCH - AKUFO-ADDO HOPES 19 hours ago * SPORT 01:00 ANTETOKOUNMPO SHINES AGAIN AS BUCKS STRETCH WINNING STREAK TO EIGHT GAMES 19 hours ago * NEWS GO TO VIDEO GOOGLE HOPES 'BARD' WILL OUTSMART CHATGPT, MICROSOFT IN AI 07/02 - 13:07 * NEWS GO TO VIDEO MORE THAN 10 KILLED IN CLASHES IN CONTESTED SOMALILAND TOWN 07/02 - 11:54 * NEWS GO TO VIDEO MAURITANIA: THE TRIAL OF EX-PRESIDENT AZIZ CAN CONTINUE 1 hour ago * NEWS GO TO VIDEO TUNISIA PRESIDENT FIRES FOREIGN MINISTER 2 hours ago * 1 * 2 * 3 * 4 * 5 * 6 MORE STORIES 00:50 TUNISIA TUNISIA SENDS AID TO EARTHQUAKE HIT TURKEY AND SYRIA 2 hours ago TUNISIA TUNISIA PRESIDENT FIRES FOREIGN MINISTER 2 hours ago DEMOCRATIC REPUBLIC OF CONGO THREE PROTESTERS KILLED IN ATTACK ON UN CONVOY IN DR CONGO 3 hours ago By using this website, you agree with our use of cookies to improve its performance and enhance your user experience. 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