ICPC arrests FCMB Osogbo Operation Manager for hoarding new Naira notes inside ATM

The Independent Corrupt Practices & Other Related Offences Commission (ICPC) has arrested the Operations Manager of a branch of First City Monument Bank (FCMB) In Osogbo, the Osun state capital.

FCMB Osogbo Operation Manager Arrested By ICPC

The news which was announced by ICPC on Twitter reads;

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.

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.

As Naira scarcity continues to affect the economy following the Naira re-design, Nigerians have accused banks of colluding with politicians and making cash inaccessible to the common man.

Meanwhile, ICPC also arrested the Branch Service Head of Stanbic IBTC Bank, Deidei Branch, Abuja.