The manager of a bank in Osogbo, the capital of Osun State, has been detained by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over ATMs stocked with new Naira notes that were not dispensing.
According to news reports, ICPC spokeswoman Azuka Ogugua revealed in a statement on Friday that the cash bundles were inserted into the ATMs while still wrapped, preventing the cash from being disbursed.
The commission ordered that the currency be properly unwrapped and loaded before the operation manager was arrested and questioned.
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The statement reads: “The ICPC Compliance Team in Osogbo 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.”
In another incident, the commission stated that the branch service head of Stanbic IBTC Bank in Deidei, Abuja, was arrested for willfully refusing to upload cash into the branch’s ATM even while the cash was available.
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According to ICPC, the bank was forced to load the ATMs with the redesigned Naira notes and check that they were all dispensing cash.
“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.
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“Investigations are still ongoing, and the Commission will take appropriate actions as soon they are concluded.”
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