EFCC: Bank’s manager refuses to load ATMs despite having N29m new Naira notes, arrested

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EFCC operatives arresting operations manager of a commercial bank for failing to load his bank's ATM machines with new naira notes, despite having them in the safes.

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An operations manager of a leading commercial bank in Abuja Central Business Area has been arrested.

His arrest, on Monday February 6, 2023, was effected by operatives of the Economic and Financial Commission (EFCC) for refusing to load the Automated Teller Machines (ATMs) of the bank despite having N29 million of the redesigned Naira notes in the branch’s vaults.

The EFCC made this known via its Twitter handle on Monday.

“Before he was whisked away 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.

“This discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the 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.

“More than five bank branches were covered today by the operatives in Abuja. Similar exercises are ongoing in Zonal Commands across the country,” it said. 

According to the anti-corruption agency, the operation will continue until normalcy is restored to the banking system.

It urged that 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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