UPDATE: ICPC Discovers Over N250m Stashed In Abuja Bank Amidst Naira Scarcity

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has discovered N258 million stashed in the vaults of a bank amid the ongoing cash scarcity in the country.

Azuka Ogugua, spokesperson of the anti-graft agency, who disclosed this, said the money, all new naira notes, was found in the vault of the Abuja head office of Sterling Bank.

“Operatives of ICPC discovered the sum of Two Hundred and Fifty-Eight Million Naira (N258m) stashed in the vault at the head office of Sterling Bank in Abuja,” she said.

According to Oguagua, investigation showed that the money was released by the Central Bank of Nigeria (CBN) for distribution.

“The team however found out that only the sum of N5 million each was distributed to their various branches.

“Both the Regional and Service managers were arrested and later granted administrative bail while investigation continues,” she said.

The spokesperson added that the Commission has also effected the arrest of the Head of Operations, Keystone Bank, Mararaba in Nasarawa State for frustrating its customers at getting the new Naira notes.

Posted: at 8-02-2023 08:35 AM (1 month ago) | Addicted Hero

It has not  gotten to that.  ICPC found the money where it was supposed to be.  PERIOD.

Posted: at 8-02-2023 11:23 AM (1 month ago) | Gistmaniac