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EFCC arrests Abuja bank manager for hoarding N29m new naira notes



Old and new naira notes to co-exist until further notice, Supreme Court rules

The Economic and Financial Crimes Commission (EFCC) has arrested an operations manager of a leading commercial bank in the Abuja central area for refusing to load the Automated Teller Machines of the bank despite having N29m of the redesigned naira notes in the branch’s vaults.

Before he was taken away on Monday, 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.

The Head, Media and Publicity, EFCC, Wilson Uwujaren, revealed this in a statement on Monday.

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Uwujaren said the discovery was made by the EFCC in continuation of its ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned naira notes.

He said, “More than five bank branches were covered on Monday by EFCC operatives in Abuja, adding that 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 contact the commission, for immediate intervention.”


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