New Naira: ICPC arrests Stanbic Bank manager for sabotage
Operatives of the Independent Corrupt Practices and other related offences Commission (ICPC) have arrested the Stanbic Bank manager of their Deidei branch in Abuja for hoarding new naira notes, a move deemed a deliberate attempt to sabotage the nation’s economy.
The arrest was communicated in a statement by the ICPC spokesperson, Azuka Ogugua, who said the manager did not stock the bank’s Automated Teller Machines (ATMs) with the new naira notes despite receiving a fresh batch of notes from the CBN hours earlier.
Ms Ogugua claimed that despite long lines of disgruntled customers waiting outside Stanbic bank on Friday at 1:30 p.m. when the ICPC monitoring unit stormed Stanbic Bank, the ATMs were not dispensing cash.
Upon enquiry, the manager argued the bank had just taken delivery of the redesigned notes.
“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash,” the statement explained.
The ICPC then forced the bank officials to load the ATMs with the new notes “and ensured that they were all dispensing before arresting the culprit.”
The commission assured that investigations were ongoing and “appropriate actions” would be taken.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Abuja
Wike signed 26,272 certificates of occupancy in three years of Tinubu’s administration: Aide
Mr Olayinka said the figure surpassed the 8,697 C of Os produced and signed between 2010 and 2023.
World
Indian-American CEO who fired 900 employees on Zoom sacked
Mr Garg’s ouster came on August 3 after the board of directors voted unanimously to remove him as CEO over concerns about his “judgment, temperament and credibility.”
States
Ex-senator Iyabo Obasanjo congratulates Gov Adeleke on re-election
She said Mr Adeleke’s victory proves the confidence and trust the people of the state have in his leadership.
NationWide
Avoid over-processed foods, drinks, scientist tells Nigerians
Ms Adebayo said most over-processed and refined foods and drinks have been stripped of their beneficial nutrients and contribute to most chronic and life-threatening diseases.
States
Ogun PDP guber candidate Oladipupo Adebutu hails Gov Adeleke’s victory, says APC is ‘sinking ship’
“The APC is a sinking ship in Ogun State. No amount of padding—whether of election figures, contracts, or political theatrics—can stop their downfall,” Mr Adebutu said.
States
Governors’ forum congratulates Gov Adeleke on re-election
The group said Mr Adeleke’s achievements and personal qualities helped him win the keenly contested election.
