EFCC Arrests Abuja Bank Manager For ‘Hoarding N29m New Notes’

The Economic and Financial Crimes Commission (EFCC) has arrested a bank manager for allegedly hoarding new naira notes.

There has been crisis across the country over the scarcity of the new notes as thousands of Nigerians spend hours across ATMs and banking halls, just to withdraw money.

While announcing a new deadline for the circulation of old naira notes, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), said the apex back was being sabotaged.

He also disclosed that the bank had enlisted the services of anti-graft agencies to checkmate saboteurs.

The Independent Corrupt Practices and other related offences Commission (ICPC) had last announced the arrest of a bank manager frustrating the circulation of the new naira.

On Monday, Wilson Uwujaren, EFCC spokesman, announced that the agency sent its men across banks in Abuja and the manager of bank was arrested for refusing to allow loading of new notes into the bank’s ATN despite having N29million of the new notes in the bank.

According to Uwujaren, when the discovery was made, EFCC officials ensured that the money was circulated among customers who had spent hours in queues without getting the new notes, while the manager was arrested.


About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: