A Nigerian agency investigating financial crimes has arrested a branch manager of a commercial bank in the capital, Abuja, for allegedly refusing to fill an ATM with cash despite having the redesigned money in the safe.
The country recently redesigned the currency, but the changes did not go according to plan because there were not enough new notes.
This sparked outrage and led to spontaneous protests at the banks. The deadline for using old banknotes is Friday.
On Monday, officers from the Economic and Financial Crimes Commission (EFCC) raided the bank and took the operations manager away for questioning.
It said the bank had 29 million Naira ($63,000; £52,000) of the new banknotes in its safe – which officials ordered it to load into ATMs.
It was not clear whether the detained bank managers had commented on the allegations, but the commission said some banks were “sabotaging the government’s monetary policy”.
EFCC Arrests Operations Manager of Commercial Bank for Hoarding New Naira Notes in Abuja
The Operations Manager of a leading Commercial bank in Abuja Central Area was today, February 6, 2023, arrested by the operations of the Economic and Financial Commission, EFCC, … pic.twitter.com/nP2rbgNTOc
– EFCC Nigeria (@officialEFCC) February 7, 2023
Source: BBC
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