Sterling Bank denies hoarding new naira notes

Sterling Bank Wednesday refuted claims made by the Independent Corrupt Practices Commission (ICPC) over the newly redesigned naira notes found at its Central Business District Complex in Abuja.

The bank said the assertion of a ‘discovery’, as presented in the ICPC claims, is inaccurate and misleading.

The ICPC last Friday said it discovered N258 million stashed in the bank’s vault following an inspection of the bank in its efforts to ensure that commercial banks do not flout the apex bank’s directive.