CASH SHORTAGE: ICPC BUSTS FCMB OSOGBO FOR LOADING ATM WITH UNPACKED NAIRA NOTES, ARRESTS SEVERAL SUSPECTS NATIONWIDE
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By ‘Leke Yusuf
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered a First City Monument Bank (FCMB) branch in Osogbo, Osun State; that is involved in practices to prevent Nigerians from withdrawing cash from their Automated Teller Machines (ATM).
In a post on Friday night, ICPC on Twitter handle posted, “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.”
Also, in Abuja; the ICPC arrested an official of one of the commercial banks for alleged sabotage.
The bank official, who is the Branch Service Head of Stanbic IBTC Bank, Deidei Branch, Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATM) even when the cash was available, and people were queuing at the ATMs.
When the ICPC monitoring team stormed the bank at about 1:30pm to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, it was informed by the branch’s Head of Operations that the bank just got delivery of the cash.
However, facts available to the ICPC operatives indicated that the branch took delivery of the cash around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.
Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.
Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash. Investigations however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.
The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.
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