Redesigned Naira Notes: ICPC Nabs Stanbic-IBTC Officials Over Alleged Sabotage

In continuation of its clampdown at elements frustrating efforts in making the redesigned Naira notes available to members of the public, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), said it has arrested an official of a commercial bank, Stanbic IBTC Bank, for alleged sabotage.

The Stanbic IBTC Bank official, who is the Branch Service Head of Deidei Branch, Abuja, according to the ICPCwas 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.

ICPC said when it’s 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.

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.

ICPC said investigations are still ongoing, and the Commission will take appropriate actions as soon they are concluded.

In a related development, the ICPC said it’s Compliance Team in Oshogbo, has busted a 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.

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.”

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash. Investigations however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.

Source -: ICPC