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Home»ACCOUNTABILITY/CORRUPTION»EFCC nabs bank operations manager for hoarding new Naira notes in Abuja
ACCOUNTABILITY/CORRUPTION

EFCC nabs bank operations manager for hoarding new Naira notes in Abuja

Abdallah el-KurebeBy Abdallah el-KurebeFebruary 6, 2023Updated:February 6, 2023No Comments1 Min Read
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ASHENEWS reports that operatives of the Economic and Financial Commission (EFCC), on Monday arrested an operations manager of a leading commercial bank in the Abuja Central Area.

A statement by the spokesperson of the Commission, Wilson Uwujaren mailed to this online platform, said the bank manager was “arrested 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.

“Before he was whisked away for further questioning, the operatives 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 on queues without getting the new notes.

“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 EFCC stated.

EFCC Naira hoarding Naira hoarding by banks Naira notes scarcity
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Naira strengthens to N1,350/$, strongest level since April

August 18, 2026

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