ICPC Busts FCMB For Loading Wads Of Cash With Bands On ATM

Ola ‘Kiya, Reporting

THE Compliance Team of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have busted a branch of First City Monument Bank (FCMB) which loaded its ATM outlets wads of new Naira notes without removing the bands.

ICPC Busts FCMB For Loading Wads Of Cash With Wrappers On ATM

Wrapped New Naira notes

This was disclosed in the verified Twitter handle of the anti-graft agency, @icpcnigeria Friday evening. 

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,” the tweet read.

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