ICPC arrests Keystone Bank manager over distribution of new naira notes

Keystone Bank building

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested head of operations, Keystone Bank, Mararaba in Nasarawa State for allegedly frustrating its customers at getting the new naira notes.

The was disclosed in a statement by the anti-corruption agency on Tuesday.

ICPC said its team, while on its routine operation, found out that the automated teller machines (ATMs) at the branch were not dispensing to its customers, while other bank customers were accessing only N1000.

“It was only after the arrest was made and clarification received from CBN that the position of the officers of the Bank was not correct, that the ATMs started dispensing Five Thousand Naira to non-customers and Ten Thousand Naira to its customers,” the statement added.

The ICPC has arrested managers of First City Monument Bank (FCMB), Stanbic IBTC Bank and Sterling Bank during different operations for allegedly sabotaging distribution of the redesigned naira notes.