New naira: Video shows bank hoarding N6m in Ekiti

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A monitoring team of the Central Bank of Nigeria has accused the branch of a bank in Ado Ekiti, the capital of Ekiti State of hoarding new naira notes it had collected for almost two weeks, claiming that their automated teller machines were not yet configured.

In a trending video on Sunday, a deputy director of the CBN, who identified himself at Owoeye said there was no excuse for keeping the cash.

He said, “I’m currently at Sterling Bank as part of this monitoring compliance with the guidelines by the CBN. They have six million which they have collected from the bank for almost two weeks. They have not dispensed any. They said they are yet to configure their ATM. I don’t know why. I have brought their attention to the penalty clause of one million per day. They have five ATMs. They don’t have any reason for keeping this money.

 

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In the videos i have seen so far the names of the banks are not shown or known. I think the video could be a staged one.

Let's focus on the politicians pls

These banks are just wicked

Why are these people suffering de poor masses this is bad of them.

FCMB with loaded but wrapped note in ATM to avoid dispensing

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