NewStats: 3,263,960 , 8,182,091 topics. Date: Monday, 09 June 2025 at 04:26 AM f5v3g

EFCC Arrests Operations Manager of a Commercial Bank for Hoarding New Naira Notes in Abuja

EFCC Arrests Operations Manager of a Commercial Bank for Hoarding New Naira Notes in Abuja

An Operations Manager of a leading Commercial bank in Abuja Central Area was on Monday, February 6, 2023, arrested by operatives of the Economic and Financial Commission, EFCC,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 in queues without getting the new notes.

for refusing to load the Automated Teller Machines, ATMs, of the bank despite having N29million 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 in 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 whether they were deliberately refusing to dispense the redesigned Naira notes. More than five bank branches were covered today by the operatives in Abuja. Similar exercises are ongoing in Zonal Commands across the country.

The operation will continue until normalcy is restored to the banking system.

Nigerians finding it difficult to access their funds at any bank and suspects foul play should the commission, for immediate intervention.

https://twitter.com/officialefcc/status/1622632243196751873?s=46&t=u-1ro7posyNB6RvJfi8MoA

Those APC thugs protesting will be disappointed with this development

Buhari is villainizing banks in an attempt to finally destroy the economy and some idiots are cheering him on ...

FarahAideed:
Buhari is villainizing banks in an attempt to finally destroy the economy and some idiots are cheering him on ...

Is this the new narrative agbado faction of APC asked you to push? Very funny.

Why will a bank have N29 million disbursed from the CBN, but hoard it while customers are at the ATM fighting and cursing the CBN?

With this news, you’ll see how other banks will rush to load their ATMs and business will normalize

Good job EFCC! I said it here a few days back that they should’ve been doing this the whole time

FarahAideed:
Buhari is villainizing banks in an attempt to finally destroy the economy and some idiots are cheering him on ...

You Yoruba Muslims cannot see beyond tribe.
Is Buhari the operation manager?
Tinubu will not win. Start getting used to that.

The level of corruption in this Nigeria! Everyone trying to sabotage the country for their baalablu master

Yes! They must collect wotowoto.These are the idiots hoarding these newly minted cash to frustrate the new currency swap policy of the FG via CBN to curtail the politicians who have monetised the electoral process.

God bless Nigeria.

Onyiridike:

You Yoruba Muslims cannot see beyond tribe.
Is Buhari the operation manager?
Tinubu will not win. Start getting used to that.

You are just suffering from low IQ so you can't see what I am saying..keep ing nonsense because you think it hurts Tinubu

We are our only problem.

FarahAideed:


You are just suffering from low IQ so you can't see what I am saying..keep ing nonsense because you think it hurts Tinubu

EFCC should as a matter of urgency sweep all the banks and their branches daily across the country and arrest all operations managers culpable in this national embarrassment

What nonsense!

Instead of ensuring the banks in their states comply with the CBN directive, the APC governors have gone to the Supreme Court against the CBN

That's good.

They should just submit the man to the long queue at the ATM and announce his crime.

According to Mr Tinubu and faction of his urchins any bank hoarding new naira notes are working for Aso Rock cabals to work against Tinubu's ambition to become President.
Another foolish faction believes that they are PDP and Labour party

They need to arrest more.

He should be made to lose his job first

Stupid wicked man

This currency swap has become a source of hardship for Nigerians

CalabarPikin:
They should just submit the man to the long queue at the ATM and announce his crime.

Abuja is child's play. They should make it nation wide because these banks are raking millions daily at the detriment of poor Nigerians. And if I may ask, is it only the 1k the CBN is rolling out? What happened to the 200 and 500 that is supposed to be more in circulation.
Incase you don't know the effects of this bank hoarding of the cash for their selfish businesses,
1, if the market petty trader can not get her 20 k daily for her business, it must be at gunpoint to make her accept transfer.
2, if individuals can not get at least 20 k a day, the POS operators will charge the living hell out of poor innocent people.
And the filling stations are no longer accepting transfers anymore, but cash so they can sell to POS operators...
And the corruptions keep growing.

When i tell people that, these banks Manager's are the ones trying to sabotage this policy. One layman somewhere will be blaming CBN.

29 million naira with them, refuse to load the ATMs.

This greedy operational manager will be the ones doing meeting telling the public how they have small money to circulate where as they are the one hoarding the money

Corruption is endemic in this country.💔

FarahAideed:
Buhari is villainizing banks in an attempt to finally destroy the economy and some idiots are cheering him on ...

You people are not Tired at all

to

FarahAideed:


You are just suffering from low IQ so you can't see what I am saying..keep ing nonsense because you think it hurts Tinubu

Some Nigerians are dull fellows with low critical thinking ability and the crab mentality. They don't mind the house caving in with them as their perceived or imagined enemy is destroyed. I have never known you to be pro-Tinubu but see the way they are calling you names now because you disagree with them. We are just a pathetic people. Tomorrow they will call for solidarity when the shoe pinches them!

Commercial Bank wey no get name..

Make una dey try...

CBN should employ atleàst one spy across all the commercial to bank branches to make sure the right thing is done.

Same happened in Osun, and if at all they get rid of someone, please show their face and embrass them, so their neighbours wil know how wicked they are