New Naira Crisis: EFCC Brings Bank Official In For Questioning

• The new naira problem continues to persist and this time, the problem falls on an Abuja bank official with the law.

• The anti-corruption agency, EFCC has the man in for questioning over the hoarding of N29 million of the redesigned notes.

• Before the manager was taken in, the EFCC ordered the bank to load the ATMs for customer withdrawals.

EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) arrested a senior bank official in Abuja on Monday.

The arrested official, who is the Operations Manager of a leading commercial bank in the Central Area, was accused of hoarding N29 million of the redesigned naira notes and refusing to load Automated Teller Machines (ATMs).

EFCC spokesman, Wilson Uwujaren, stated that before the manager was taken for further questioning, the EFCC operatives ordered the loading of all the ATMs and ensured payment across the counter for customers who had been waiting for hours to get the new notes.

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The latest discovery by the EFCC is considered a sabotage of the government’s monetary policy by some banks.

The EFCC operation was conducted as part of a surveillance scheme that has the agency paying visits to banks across the country in order to access their vaults and verify whether it’s a deliberate scheme to hoard the new naira notes from the public.

The EFCC stated that it will continue the raids until normalcy is restored to the banking system and urged Nigerians to contact the commission if they face difficulties accessing funds at their bank or suspect foul play.

Financial institutions had earlier denied hoarding the new naira notes, saying they cannot be a hindrance to the efforts of the Federal Government and the Central Bank of Nigeria (CBN).

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The EFCC covered more than five bank branches in the Federal Capital Territory (FCT) on Monday as part of the ongoing operation.

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