Naira scarcity: How FCMB is sabotaging CBN, punishing Nigerians

by Emmanuel Okikiola

First City Monument Bank (FCMB) has been identified as one of the banks sabataging the new naira notes policy of the Central Bank of Nigeria, CBN, subjecting Nigerians to undue hard times.

ICPC Compliance Team in Oshogbo has busted an FCMB in Osogbo, Osun State where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed. The Team therefore directed that the wrappers be removed, and the cash loaded properly.

However, when a follow-up visit was undertaken the following day to ascertain the level of compliance, the Team discovered that one of the ATMs was still loaded with the wrappers un-removed.

The Operation Manager of the Bank was arrested and taken in for questioning.

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