Tag: Mutilated Notes
-
EFCC to arraign 6 CBN officials, 16 bankers on Thursday over alleged sharp practices on mutilated notes
Six officials of the Central Bank of Nigeria (CBN) and 16 bankers alleged in the mega scam involving the theft and re-circulation of defaced and mutilated currencies maybe arraigned in court by the EFCC on Thursday. The EFCC has concluded plans to arraign the six top executives of the CBN and 16 other bankers working…
-
CBN’s N900m mutilated notes didn’t disappear in our custody – EFCC
THE Economic and Financial Crimes Commission (EFCC) on Monday dismissed insinuations that the N900 million mutilated notes recovered from some bank officials disappeared from its custody. According to agency, the boxes of the notes in question have never been in the custody of the commission, let alone officers of the EFCC having the opportunity to…
-
CBN to withdraw N7.9tr dirty, mutilated notes from circulation
A large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, the Central Bank of Nigeria (CBN) has said. A statement by CBN’s Deputy Governor, Operations Folashodun Shonubi and Director, Currency Operations Department Mrs. Pricilla Eleje spoke of plans to withdraw…