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EFCC arrests Abuja bank manager for hoarding new N29m notes

The Economic and Financial Commission (EFCC), on Monday, arrested a senior bank official in Abuja.

The anti graft agency did not reveal the name of the bank where the individual works.

EFCC Spokesperson, Wilson Uwujaren, said the staff is the Operations Manager of “a leading commercial bank” in the Central Area.

The manager 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 anti-corruption agency stated that the latest discovery indicates “a sabotage of the government’s monetary policy by some banks”.

Earlier on Monday, financial institutions denied hoarding the new naira notes, saying they cannot be a clog in the wheel of efforts of the Federal Government and the Central Bank of Nigeria (CBN).

Source:Rootstv
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