ICPC has arrested the Stanbic IBTC Bank Manager in Abuja for sabotaging new Naira notes.

NewsReport reports that the Independent Corrupt Practices and Other Related Offenses Commission (ICPC) has arrested an official of Stanbic IBTC Bank in Abuja for allegedly hoarding the new naira notes and refusing to upload cash to the ATM.

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The ICPC spokesperson, Azuka Ogugua, in a statement uploaded on the commission’s website and seen by NewsOnline Nigeria, said the development was in continuation of the ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.
The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30 p.m. on Friday to ensure compliance and demanded an explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.”

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However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier, around 11:58 a.m., and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.”

“The ICPC said investigations were still ongoing, and the Commission will take appropriate actions as soon as they are concluded.”

“Similarly, seven point-of-sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from filling stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.