Nigeria’s Independent Corrupt Practices Commission (ICPC) has discovered the sum of N258 million in the vault at the Abuja regional head office of Sterling Bank Plc.Information Guide Nigeria

This was disclosed by the commission via its Twitter handle on Tuesday evening.

The anti-graft agency assured that the Federal Government will continue to fight against naira hoarding.

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According to NAIRAMETRICS, part of the statement by the ICPC said:

• “ICPC busts Bank discovers N258m, makes arrests as Operatives of 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.
• “This discovery followed one of the Commission’s operations at ensuring that commercial banks and other interest groups do not flout the apex bank’s directive. When the ICPC monitoring team visited the bank and discovered the stashed new Naira notes in the bank’s vault.
• “It was informed that the cash was the remnant of what the CBN had given the bank for onward distribution to its branches. The team however found out that only the sum of Five Million Naira (N5m) each was distributed to their various branches.”JAMB Result