ICPC arrests financial institution managers over ‘stashed’ N258m new naira notes

The Unbiased Corrupt Practices and Different Associated Offences Fee (ICPC) stated its operatives have arrested Regional and Service managers of Sterling Financial institution over the sum N258m new naira notes found stashed within the vault on the head workplace of the financial institution in Abuja.

The anti-graft company stated the 2 financial institution managers had been arrested final Friday as a part of its ongoing efforts at making certain that business banks adjust to the Central Financial institution of Nigeria’s (CBN) directive on the distribution of the redesigned Naira notes.

In an announcement by its spokesperson, Mrs. Azuka Ogugua, ICPC stated its monitoring group visited the financial institution and found the stashed N258 million new Naira notes within the financial institution’s vault.

Nevertheless, it stated the operatives had been knowledgeable that the N258m was the remnant of what the CBN had given the financial institution for onward distribution to its branches.

However ICPC stated opposite to the declare, it was found that the financial institution distributed solely N5m every to their numerous branches for the day.

In an analogous vein, the Fee additionally stated its operatives arrested Head of Operations, Keystone Financial institution, Mararaba in Nasarawa State for irritating its clients from getting the brand new Naira notes.

In response to the assertion, the ICPC group, whereas on its routine operation, discovered that the Automated Teller Machines (ATMs) on the department weren’t shelling out to its clients, whereas different financial institution clients had been accessing just one thousand naira.

It was solely after the arrest was made and clarification obtained from CBN that the place of the officers of the Financial institution was not appropriate, that the ATMs began shelling out 5 Thousand Naira to non-customers and Ten Thousand Naira to its clients.

ICPC added that its operatives additionally arrested one Abdulkareem Shaibu, a Safety Guard with Zenith Financial institution, third Avenue Gwarimpa, in addition to Ali Adam and Shafiu Umar.

Whereas Shaibu, the Safety Guard was arrested for being in possession of 5 ATM playing cards which he was utilizing to gather cash for various unknown individuals who weren’t throughout the Financial institution premises at the moment, Adam and Umar had been arrested in entrance of Zenith Financial institution, 1st Avenue Gwarimpa, for promoting the brand new Naira notes.

In one other improvement, ICPC added that two officers of FCMB Ogo-Oluwa, Osogbo have been taken into custody for assault of its officers and CBN Money Swap Monitoring Crew.

Recall that it was reported final week that the stated department was caught twice for loading wrapped financial institution notes inside its ATMs.

“The group, on a observe up go to to determine the financial institution’s compliance stage, was assaulted proper contained in the Department Supervisor’s workplace by the financial institution officers who vehemently refused to permit ICPC perform its lawful responsibility, after which held hostage for about two hours.

“By the point the reinforcement of Police and NSCDC officers arrived the scene of the incident, the masterminds of the assaults had gone into hiding, resulting in the arrest of two financial institution officers who had been additionally complicit,” ICPC stated within the assertion.