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By Our Reporter
Operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) last week Friday, arrested Regional and Service managers of Sterling Bank after the anti graft agency
discovered the sum of N258 million 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.
The spokesperson for the anti-graft agency, Mrs Azuka Ogugua, revealed this in a statement on Tuesday
Ogugua stated that 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 N5 million each was distributed to their various branches.
“Both the Regional and Service managers were arrested and later granted administrative bail while investigation continues,” she said.
