Business and economy

BREAKING: ICPC Bursts FCMB, Arrests Bank Manager For Hoarding New Naira Notes

ICPC has burst FCMB to arrest Bank Manager for hoarding New Naira Notes in Oshogbo, Osun State.

 

 

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CityNews Nigeria reports that the Compliance Team of the Independent Corrupt Practices and other related offences Commission (ICPC) in Oshogbo, Osun State, southwest Nigeria, has busted a branch of First City Monument Bank (FCMB) where some Automated teller machines (ATMs)  were loaded with cash with their wrappers un-removed, “thus preventing the cash from being dispensed”.

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This online news platform understands that the ICPC made this known in a series of tweets on the micro-blogging site, Twitter, on Friday evening, February 3, 2023.

 

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ICPC revealed in the post that the “Team, therefore, directed that the wrappers be removed, and the cash loaded properly.”

 

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CityNews Nigeria understands that the Operation Manager of the FCMB branch was “arrested and taken in for questioning” by the ICPC Compliance Team in Oshogbo.

 

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“ICPC Compliance Team in Oshogbo 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 Team therefore directed that the wrappers be removed, and the cash loaded properly.

 

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“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.

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“The Operation Manager of the Bank was arrested and taken in for questioning,” ICPC wrote on Twitter.

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https://twitter.com/icpcnigeria/status/1621573403567071232?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
 

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Meanwhile, CityNews Nigeria reports that Nigerians have been having difficulties accessing the new naira notes since the Central Bank of Nigeria (CBN) announced phasing out of the old naira notes as a legal tender in Nigeria.

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Ayoola Olaitan

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