The Independent Corrupt Practices and Other Related Offences Commission (ICPC), said it uncovered N258 million of new naira notes hidden in the head office of Sterling Bank, Abuja.
The anti-graft agency in a statement released on its Twitter handle Tuesday night, said the discovery was made last week Friday.
An ICPC regional manager and a service manager were granted administrative bail, while its investigation into the matter continues.
In a separate operation, an official of Keystone Bank was also arrested for hoarding the scarce national currency, and “frustrating” customers in desperate need of the new notes.
The arrests followed the continued scarcity of the new N200, N500 and N1000 notes, which has disrupted commercial activities across the country, leaving the masses helpless and frustrated.
The crisis followed the Central Bank of Nigeria’s (CBN) introduction of N200, N500 and N1000 notes in October 2022.
The managers were arrested for hoarding the scarce national currency, and frustrating customers in desperate need of the new notes.
