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Abuja Bank Manager Arrested By EFCC For Hoarding New N29m Notes

The Economic and Financial Commission, or EFCC, arrested a senior bank officer in Abuja on Monday.

According to EFCC spokesman Wilson Uwujaren, the staff is the Operations Manager of “a renowned commercial bank” in the Central Area.

Despite having N29 million of the redesigned naira notes in the branch’s vaults, the manager refused to load the ATMs.

Uwujaren stated that the operatives ordered the filling of all ATMs before escorting him away for further questioning.

The EFCC also ensured payment over the counter, much to the joy of clients who had waited in line for hours without receiving the new notes.

The anti-corruption organization warned that the latest discovery indicated “a sabotage of the government’s monetary policy by some banks”.

Uwujaren stated that operatives have covered more than five bank branches in the Federal Capital Territory today (FCT).

The operation was a continuation of the surveillance and visits to banks across the country to access their vaults and determine whether they are refusing to dispense cash on purpose.

The EFCC stated that the raid will continue until normalcy was restored to the banking sector, asking Nigerians who are having difficulty accessing funds at any bank and suspect foul play to call the agency.

Earlier on Monday, banking institutions denied stockpiling the new naira notes, warning they may stymie the Federal Government’s and the Central Bank of Nigeria’s (CBN) efforts.

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