{"id":14716,"date":"2023-02-07T18:00:40","date_gmt":"2023-02-07T18:00:40","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/02\/07\/bank-manager-arrested-for-hoarding-new-nigerian-notes\/"},"modified":"2023-02-07T18:00:40","modified_gmt":"2023-02-07T18:00:40","slug":"bank-manager-arrested-for-hoarding-new-nigerian-notes","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/02\/07\/bank-manager-arrested-for-hoarding-new-nigerian-notes\/","title":{"rendered":"Bank Manager Arrested For &#8216;Hoarding&#8217; New Nigerian Notes |"},"content":{"rendered":"<p><\/p>\n<div>\n<p><!-- related --><\/p>\n<p><!-- related --><\/p>\n<p>The Nigerian agency that investigates financial crimes has arrested a branch manager of a commercial bank in the capital, Abuja, for allegedly refusing to load ATMs with cash despite having the redesigned banknotes in the vaults.<\/p>\n<p>The country recently redesigned its currency, but the changeover has not gone according to plan as there are not enough of the new notes to go around.<\/p>\n<p>This has sparked anger and led to spontaneous protests at banks. The deadline for use of old banknotes is on Friday.<\/p>\n<p>On Monday, officers from the Economic and Financial Crimes Commission (EFCC) stormed the bank and whisked away the operations manager for questioning.<\/p>\n<p>It said the bank had 29 million Naira ($63,000; \u00a352,000) of the new banknotes in its vaults &#8211; which officers ordered to be loaded on ATMs.<\/p>\n<p>It&#8217;s unclear if the arrested bank manager has commented on the accusation, but the commission said some banks were &#8220;sabotaging government\u2019s monetary policy&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">EFCC Arrests Operations Manager of a Commercial Bank for Hoarding New Naira Notes in Abuja<\/p>\n<p>An Operations Manager of a leading Commercial bank in Abuja Central Area was today, February 6, 2023, arrested by operatives of the Economic and Financial Commission, EFCC,&#8230; <a href=\"https:\/\/t.co\/nP2rbgNTOc\">pic.twitter.com\/nP2rbgNTOc<\/a><\/p>\n<p>\u2014 EFCC Nigeria (@officialEFCC) <a href=\"https:\/\/twitter.com\/officialEFCC\/status\/1622866831131176961?ref_src=twsrc%5Etfw\">February 7, 2023<\/a><\/p>\n<\/blockquote>\n<h3><strong\/><\/h3>\n<p><span class=\"peace_black_text_4\">Source: BBC<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"clear:both\">&#13;<\/p>\n<tr>&#13;<\/p>\n<td><span class=\"peace_red_text_1\"><\/span>: <span class=\"peace_ash_text_1\">Opinions expressed here are those of the writers and do not reflect those of .  accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will euate it as a matter of priority.<\/span><\/td>\n<p>&#13;<br \/>\n  <\/tr>\n<p>&#13;<br \/>\n<\/table>\n<p>Featured Video&#13;<br \/>\n    &#13;\n    <\/p>\n<p>      <!--\n\n<div class=\"video-embed-iframe\">\n\n\n<div class=\"embed-responsive embed-responsive-16by9\">\n[embed]https:\/\/www.youtube.com\/watch?v=wB2-NHndouE[\/embed]\n<\/div>\n\n\n<\/div>\n\n --><\/p>\n<p><!--[embed]https:\/\/www.youtube.com\/watch?v=wB2-NHndouE[\/embed] --><\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"wB2-NHndouE\"><iframe loading=\"lazy\" title=\"Our Fight Against Sim Card Registration Is Unending- Hon. Ras Mubarak Cautions Gov&#039;t\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/wB2-NHndouE?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<p><!--\n\n<div class=\"jeg_post_tags\">\n<span>Tags:<\/span> \nBali United\nBalinese Culture\n \n<\/div>\n\n --><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n));\/**\/<\/script><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian agency that investigates financial crimes has arrested a branch manager of a commercial bank in the capital, Abuja, for allegedly refusing to load ATMs with cash despite having the redesigned banknotes in the vaults. The country recently redesigned its currency, but the changeover has not gone according to plan as there are not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank Manager Arrested For &#039;Hoarding&#039; New Nigerian Notes | - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/02\/07\/bank-manager-arrested-for-hoarding-new-nigerian-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Manager Arrested For &#039;Hoarding&#039; New Nigerian Notes | - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Nigerian agency that investigates financial crimes has arrested a branch manager of a commercial bank in the capital, Abuja, for allegedly refusing to load ATMs with cash despite having the redesigned banknotes in the vaults. 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