EFCC arrests bank manager in Abuja for hoarding new N29m notes

As Nigerians continue to wallow in the excruciating cash crunch caused by the new naira redesign policy and currency swap of the Central Bank of Nigeria, the Economic and Financial Commission, EFCC, has said its operatives have arrested a senior bank official in the Federal Capital Territory, Abuja, for hoarding the new notes.


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


It was reported that the manager refused to load the Automated Teller Machines, ATMs, despite having N29million of the redesigned naira notes in the the vaults of the bank’s branch.



The EFCC spokesman said before he was whisked away for further questioning, the operatives ordered the loading of all the ATMs.


The anti-graft agency also ensured payment across the counter to the happiness of the customers who had spent hours on queues, all in a bid to get the new notes.



EFCC said the recent discovery shows “a sabotage of the government’s monetary policy by some banks”.


It vowed to continue prowling banks in the country until normalcy returns to the banking system, imploring Nigerians finding it tough to get cash at any bank and suspects foul play to quickly send a message to the anti-corruption agency.

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