The Economic and Financial Crimes Commission has arrested a bank’s operations manager in Abuja for hoarding N29m worth of new naira notes.
Nigeria’s apex bank, the Central Bank of Nigeria fixed February 10 as the deadline for swapping the old naira notes with the new ones. But there is a scarcity of banknotes, a development that led to the intervention of security agencies.
The EFCC, which is one of the agencies, said it arrested the unnamed bank staff in one of its operations.