{"id":11946,"date":"2023-02-07T20:21:01","date_gmt":"2023-02-07T20:21:01","guid":{"rendered":"https:\/\/theblogonline.com\/?p=11946"},"modified":"2023-02-07T20:25:06","modified_gmt":"2023-02-07T20:25:06","slug":"naira-redesign-icpc-busts-sterling-bank","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=11946","title":{"rendered":"Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m"},"content":{"rendered":"<p class=\"p1\">As part of ongoing efforts at ensuring that commercial banks comply with the <a href=\"https:\/\/www.cbn.gov.ng\/\" rel=\"nofollow noopener\" target=\"_blank\">Central Bank of Nigeria<\/a>\u2019s (CBN) directive on the distribution of the redesigned Naira note, operatives of the <a href=\"https:\/\/icpc.gov.ng\/\" rel=\"nofollow noopener\" target=\"_blank\">Independent Corrupt Practices and Other Related Offences Commission<\/a> (ICPC) last week Friday, discovered the sum of Two Hundred and Fifty-Eight Million Naira (N258m) stashed in the vault at the head office of <a href=\"https:\/\/sterling.ng\/\" rel=\"nofollow noopener\" target=\"_blank\">Sterling Bank<\/a> in Abuja.<\/p>\n<p class=\"p1\"><span class=\"s1\">This discovery followed one of the Commission\u2019s operations at ensuring that commercial banks and other interest groups do not flout the apex bank\u2019s directive.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">When the <a href=\"https:\/\/icpc.gov.ng\/\" rel=\"nofollow noopener\" target=\"_blank\">ICPC<\/a> monitoring team visited the bank and discovered the stashed new Naira notes in the bank\u2019s vault, it was informed that the cash was the remnant of what the <a href=\"https:\/\/www.cbn.gov.ng\/\" rel=\"nofollow noopener\" target=\"_blank\">CBN<\/a> had given the bank for onward distribution to its branches.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The team however found out that only the sum of Five Million Naira (N5m) each was distributed to their various branches.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Both the Regional and Service managers were arrested and later granted administrative bail while investigation continues.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For more, visit our website: www.icpc.gov.ng<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of ongoing efforts at ensuring that commercial banks comply with the Central Bank of Nigeria\u2019s (CBN) directive on the distribution of the redesigned Naira note, operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) last week Friday, discovered the sum of Two Hundred and Fifty-Eight Million Naira (N258m) stashed in the vault at the head office of Sterling Bank in Abuja.<\/p>\n","protected":false},"author":1,"featured_media":11947,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2075,6435,167],"class_list":["post-11946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-icpc","tag-naira-redesign","tag-sterling-bank"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11946"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11946"}],"version-history":[{"count":3,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11946\/revisions"}],"predecessor-version":[{"id":11950,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11946\/revisions\/11950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/11947"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}