Breaking NewsBusiness

Bank Hoarding New Naira Notes Busted [VIDEO]

The Central Bank of Nigeria (CBN) on Sunday uncovered a bank in Ekiti State which hoarded the new Naira notes, totaling N6 million.

TOP MEDIA reports that the apex bank’s Deputy Director, Oluwole Owoeye uncovered the hoarded newly-redesigned currencies (N200, N500 and N,000) while leading a team of officials on monitoring exercise in the state.

The new Naira notes have been scarce, with the CBN and President Muhammadu Buhari accusing commercial banks of greed.

Owoeye accused the bank, which is located in Ado-Ekiti, of deliberately hoarding the new banknotes it had collected from the CBN for almost two weeks.

Furthermore, the Deputy Director said there was no excuse for hoarding the money.

“I’m currently at the Bank, Ado-Ekiti as part of this monitoring compliance with the guidelines by CBN. They have six million which they have collected from the bank for almost two weeks.

“They have not dispensed any. They said they are yet to configure their ATM. I don’t know why.

“I have brought their attention to the penalty clause of one million per day. They have five ATMs. They don’t have any reason for keeping this money.

“The zonal service manager, Mr Tunde Onipede promised that by 10am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money,” Owoeye told the press.

Watch the video here.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button