Nigerian banks have come out to deny hoarding the new naira notes amid strings of visits by security agencies to banks across the country.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) among others in the last one week visited banks to investigate the distribution of the new naira notes allocated from the Central Bank of Nigeria.
Arrests and videos of hidden naira notes in banks’ strong rooms and also Automatic Teller Machines (ATM) not properly set up to dispense the new notes have been made public by the agencies.
