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Union Bank reacts to EFCC $2.8M confiscated at Enugu Airport

Union Bank reacts to EFCC $2.8M confiscated at Enugu Airport

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The Management of Union Bank has reacted to the arrest of two men by the operatives of the Economic and Financial Crimes Commission (EFCC) at the Enugu Airport.

The EFCC had on Friday paraded two men, alleged by the commission to be fraudsters caught with $2. 8 million.

The bank in a series of tweets posted on its official twitter handle said the operation was licensed by the Central Bank of Nigeria (CBN).

“Movement of cash across states is routine for all banks. Bankers Warehouse is licensed by CBN to provide Cash-in-Transit services” the bank said.

“We are surprised by the release of a news bulletin prior to the completion of @officialefcc investigation. This is a legitimate and routine operation consistent with banking”.

Also, Bankers Warehouse, a company licensed by CBN to carry out both Cash Management (CM) and Cash-In-Transit (C-I-T) in a letter to the bank regulator said it was on a legitimate business.

Bankers warehouse head operations, Lawrence Ijebor, said EFCC still detained it employees despite providing identification.

The letter reads, “When questioned, they presented their identity cards identifying themselves as bankers warehouse employees on official CIT movementaand also provided the letter of authority provided by the bank covering that movement”.

“Despite the information provided, the EFCC insisted on detaining our employees, taking possession of our goods and threatening to confiscate the currency, without making themselves available to our senior managers or other agencies familiar with our movements”.

“We seek your intervention as our regulator, to address this issue of constant harassment of our staff, by security agencies.”

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