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ICPC arrests bank manager frustrating withdrawal of new naira notes

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it has apprehended the manager of a bank in Osogbo, the capital of Osun State.

The ICPC arrested him after discovering that the bank’s Automated Teller Machines, ATMs were filled with naira notes already wrapped and blocked from dispensing.

This was revealed in a statement released by the spokesperson of the agency, Azuka Ogugua.

He said the ATMs were filled with cash bundles that were already wrapped and blocked, and which would not make the money dispense through the machine.

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed,” the statement reads.

“The Team therefore directed that the wrappers be removed, and the cash loaded properly.

“However, when a follow-up visit was undertaken the following day to ascertain the level of compliance, the Team discovered that one of the ATMs was still loaded with the wrappers un-removed. The Operation Manager of the Bank was arrested and taken in for questioning.”

While commenting on a branch of Stanbic Bank the agency visited in Abuja, he said, “When the ICPC monitoring team stormed the bank at about 1:30pm to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, it was informed by the branch’s Head of Operations that the bank just got delivery of the cash,” the commission said.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash around 11:58am 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.

“Investigations are still ongoing, and the Commission will take appropriate actions as soon they are concluded.”

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