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Naira Notes: Stanbic IBTC Bank Accused Of Sharp Practices, As ICPC Arrests Bank Official Over Sabotage



Stanbic IBTC Bank, has been allegedly accused of sharp practices by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

BIGPEN NIGERIA ( reports that this is coming as operatives of ICPC arrested a Branch Service Head of Stanbic IBTC Bank, Deidei Branch, Abuja.

She was reportedly taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATM) even when the cash was available, and people were queuing at the ATMs.

In an official statement, ICPC said that the arrest came in continuation of its clampdown at elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The official of the commercial banks was arrested for alleged sabotage.

Investigators say “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.

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”.



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