Union Bank has reacted to the seizure of $2.8 million by the Economic and Financial Commission (EFCC) at the Akanu Ibiam Airport in Enugu State.
The bank said, the movement of cash across states is routine for all banks and blasted the anti-graft agency for issuing a statement, before completing its investigation.
EFCC had arrested two suspects, namely Ighoh Augustine and Ezekwe Emmanuel, allegedly working for a firm, Bankers Warehouse, with two suitcases containing $1.4m each, totalling $2.8m, at the departure lounge of the airport while about to board an Arik Air evening flight to Lagos
In a series of tweets on Friday evening, the bank defended the movement of cash across states, describing it as a legitimate process for all banks.
It also explained that the Bankers Warehouse, is licensed by the Central Bank of Nigeria to provide Cash-in-Transit services.
See tweets:
1: Movement of cash across states is routine for all banks.
— UNION BANK (@UNIONBANK_NG) December 21, 2018
3: We are surprised by the release of a news bulletin prior to the completion of @officialefcc investigation
— UNION BANK (@UNIONBANK_NG) December 21, 2018
4: This is a legitimate and routine operation consistent with banking.
— UNION BANK (@UNIONBANK_NG) December 21, 2018
In this article:
The bank said, the movement of cash across states is routine for all banks and blasted the anti-graft agency for issuing a statement, before completing its investigation.
EFCC had arrested two suspects, namely Ighoh Augustine and Ezekwe Emmanuel, allegedly working for a firm, Bankers Warehouse, with two suitcases containing $1.4m each, totalling $2.8m, at the departure lounge of the airport while about to board an Arik Air evening flight to Lagos
In a series of tweets on Friday evening, the bank defended the movement of cash across states, describing it as a legitimate process for all banks.
It also explained that the Bankers Warehouse, is licensed by the Central Bank of Nigeria to provide Cash-in-Transit services.
See tweets:
1: Movement of cash across states is routine for all banks.
— UNION BANK (@UNIONBANK_NG) December 21, 2018
3: We are surprised by the release of a news bulletin prior to the completion of @officialefcc investigation
— UNION BANK (@UNIONBANK_NG) December 21, 2018
4: This is a legitimate and routine operation consistent with banking.
— UNION BANK (@UNIONBANK_NG) December 21, 2018
In this article: