CBN discovers N6m new naira notes stashed in Ekiti Bank


On Sunday, a new generation bank in Ekiti ran into trouble when the Central Bank of Nigeria discovered N6 million in new naira notes hoarded by its branch on Bank Road in Ado-Ekiti.

While leading a team of officials on a monitoring exercise in the state, Apex Bank Deputy Director Oluwole Owoeye discovered the hoarded newly redesigned currencies.

Owoeye accused the bank of deliberately hoarding the new banknotes it had collected from the CBN for almost two weeks.

The Deputy Director who said there was no excuse for keeping the money, saying Deposit Money Banks are sabotaging the apex bank’s efforts in making the  new notes available for Nigerians.

His words, “I’m currently at the Bank, Ado-Ekiti as part of this monitoring compliance with the guidelines by 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.

“The zonal service manager, Mr Tunde Onipede promised that by 10am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.

“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN”.