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Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests - Business - Nairaland

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Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by chisomkachy: 9:38pm On Feb 07, 2023
As part of ongoing efforts at ensuring that commercial banks comply with the Central Bank of Nigeria’s (CBN) directive on the distribution of the redesigned Naira note, operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) last week Friday, 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.

This discovery followed one of the Commission’s operations at ensuring that commercial banks and other interest groups do not flout the apex bank’s directive.

When the ICPC monitoring team visited the bank and discovered the stashed new Naira notes in the bank’s vault, it was informed that the cash was the remnant of what the CBN had given the bank for onward distribution to its branches.

The team however found out that only the sum of Five Million Naira (N5m) each was distributed to their various branches.

Both the Regional and Service managers were arrested and later granted administrative bail while investigation continues.

https://m.facebook.com/story.php?story_fbid=pfbid0iBdZmekGHCkuC8SNG7JZphzq767uivQoiVAdiRpfqDjFHHc7CWeGeG6HnmqyC4o9l&id=100068873333950&mibextid=Nif5oz

31 Likes 11 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by lordm(m): 9:42pm On Feb 07, 2023
Which bank?

5 Likes 1 Share

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by kelsmic: 9:44pm On Feb 07, 2023
Interesting times...we are living in.

153 Likes 9 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by rexlims(m): 9:50pm On Feb 07, 2023
lordm:
Which bank?
read thru d text, e no too long

696 Likes 31 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Hezzyluv: 9:55pm On Feb 07, 2023
lordm:
Which bank?

U don't want to read ordinary first paragraph!

536 Likes 27 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Officialgarri: 9:58pm On Feb 07, 2023
CBN is actually the primary problem while the commercial banks are problems we deal with because we interact with them the most.

There have been seamless transition of notes from old to new more than 4 times in this country and even up till the Goodluck Jonathan's major note transition..and there have never been such chaos such as this

Worse of it all is that they did not only fail at cash transition, they decided to invoke panic when it's less than a month to an important election.

The pope has a finger in the pie and we can see Emiefele's full regalia

116 Likes 17 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Siberia01(m): 9:58pm On Feb 07, 2023
Mtcheeew

1 Like

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by habsydiamond(m): 9:58pm On Feb 07, 2023
The politicians are not our problem in this situation.. it we the masses that are giving ourselves problems.. if the bankers can not follow a simply directive to give the money through atm to the masses... it shows that we all selfish if we are given the opportunity to be in the position of authority. The last time I check politicians no dey get vault for bank now.

112 Likes 15 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by tradepunter: 9:58pm On Feb 07, 2023
Hmmm and tinubunn is crying like a lil bistttccchhh

15 Likes 4 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by YeyeGbami: 9:58pm On Feb 07, 2023
lordm:
Which bank?

Power Bank

379 Likes 34 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by inoki247: 9:59pm On Feb 07, 2023
Make CBN recruit agent and give dem to distribute it to the masses If dey believe bank are sabotaging dere efforts and rest jarey...

Is this the first time we are doing cash Swap or why this one come hard pass the one we av been doing...

35 Likes 2 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by modath(f): 9:59pm On Feb 07, 2023
No one fights corruption in 3mths... But let's watch where this will end..
Politicians already have this money... It's too late to assume this anti people policy will stop vote sales... It will be easier now... 1-2k per vote..
Buhari and Emefiele may have devised a sound idea but flawed execution will ensure its sure FAILURE..

62 Likes 13 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by HORLADY(m): 9:59pm On Feb 07, 2023
Even Small Sterling!!!!
The end shall never wonder

68 Likes 4 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Toneypen247(m): 9:59pm On Feb 07, 2023
H
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Blaze14k: 9:59pm On Feb 07, 2023
Banks are one of the problems we have in nigeria. If the federal government can put this same effort in every sector i believe nigeria will be a better place for u and i. But i must say i still dont trust buhari regardless of his effort. What did buhari, tambawal and bagudu really discuss at that meeting?

21 Likes 4 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Azazi(m): 9:59pm On Feb 07, 2023
lordm:
Which bank?



You dull o..

66 Likes 3 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by psychologist(m): 9:59pm On Feb 07, 2023
What did you people said happened to zenith bank again cry

3 Likes

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by dele1727: 9:59pm On Feb 07, 2023


This is pure lie...sterling bank has already released a statement....

This is far from the truth

8 Likes 3 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Apus: 9:59pm On Feb 07, 2023
Na why I like Asian countries be this... Death penalty straight!

What nonsense!!

Less than 4 days to go. FG should not extend the deadline again.

46 Likes 2 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by jericco1(m): 9:59pm On Feb 07, 2023
Funny government, creating unnecessary problem now they're using their agencies to oppress people. If they didn't act stupid such problems wouldn't have come into light

1 Like 2 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Biafraaa: 10:00pm On Feb 07, 2023
Really sad. sad

55 Likes 5 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Achico: 10:00pm On Feb 07, 2023
Dis tin wey banks Dey do e good ?

10 Likes

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by IMASTEX: 10:00pm On Feb 07, 2023
lordm:
Which bank?
How did you even know the post was about a bank? I guess from the topic: "ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests". Then how did you jump the bolded undecided undecided undecided undecided

44 Likes 4 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Mitsurugi(m): 10:00pm On Feb 07, 2023
Sabotage! The entire process is being sabotaged by the banks angry

18 Likes 1 Share

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by patzino: 10:00pm On Feb 07, 2023
angry grin grin grin >: grin grin grin grin grin grin grin grin grin grin grin(
rexlims:
read thru d text, e no too long

4 Likes 1 Share

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by femijay8271(m): 10:00pm On Feb 07, 2023
Me looking at any pos attendant whenever i wan withdraw money

32 Likes 3 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by bonechamberlain(m): 10:00pm On Feb 07, 2023
Arrest and jail those criminals angry Most banks have the money but sell to their cronies, the rich, influential and highest bidders. Then the remnant is distributed to the masses.

These bank are engaged in economic sabotage, it should be classified as terrorism.

I won't be surprised if BAt APC faction are also doing all they can to ensure that mobile banking also fails. To put more pressure on Buhari to reverse the policy.

The kind of money these guys have stolen can disrupt and destabilise the economies of the whole of Africa. They can use their stolen wealth to always have their way. This is why Nigeria must go cashless, it would reduce crime to an extent. Buhari must remain steadfast with the policy. angry

CBN needs to start showing those arrested on national TV and ensure they sit on the ground like criminals while being interviewed. angry

29 Likes 2 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by highness25(m): 10:01pm On Feb 07, 2023
chisomkachy:


https://m.facebook.com/story.php?story_fbid=pfbid0iBdZmekGHCkuC8SNG7JZphzq767uivQoiVAdiRpfqDjFHHc7CWeGeG6HnmqyC4o9l&id=100068873333950&mibextid=Nif5oz
reserving it for politicians. These people will not go unpunished.

6 Likes

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by virginboy1(m): 10:01pm On Feb 07, 2023
I just hope this is not a propaganda against sterling Bank.
CBN is just trying to make it seems as if it's the banks that don't want to give out the new notes. When in facts it is CBN that is not giving banks enough money that will go round to its customers... Make dem just kill pride say dem no get the redesign notes to go round... undecided

You gave a bank In a particular region(Lagos) like 100m-150m in a week, how will that be enough for its branches and customers. undecided

You stoped old notes and brought in redesign notes when you don't have enough to go round..
CBN just dey use Nigerians catch cruise....

15 Likes 2 Shares

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by patzino: 10:01pm On Feb 07, 2023
grin grin grin angry grin grin
rexlims:
read thru d text, e no too long
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by ThePolemicist: 10:01pm On Feb 07, 2023
Eleribu bank..
Bank wey suppose attract masses by alleviating their suffering

3 Likes

Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by BAZ001: 10:01pm On Feb 07, 2023
Imagine just 250 million naira at the head office in Abuja ?
250 million is not even enough for 1 branch of sterling in Lagos island for 1 week.
Thought it was billions

21 Likes 1 Share

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