Union Bank Reacts To EFCC’s Seizure Of $2.8m, Says Cash Transfer A ‘Legitimate’ Operation
https://firedirect.blogspot.com/2018/12/union-bank-reacts-to-efccs-seizure-of.html
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.
Recall that on Friday, EFCC had intercepted the cash at the Enugu airport from two people, it said were suspected money launderers.
According to the anti-graft agency, the suspects, namely Ighoh Augustine and Ezekwe Emmanuel, allegedly working for a company: Bankers Warehouse, were nabbed based on intelligence report.
Read Also: EFCC Discovers $2.8m At Airport
It also stated that the suspects confessed to being in the business of conveying cash for “some notable banks”, for over six years and were in the process of doing same for Union Bank Plc, when they were caught.
But 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 (CBN) to provide Cash-in-Transit services.
The bank, therefore, criticized the anti-graft agency for releasing a statement without “completing investigations”.
Read Also: EFCC Discovers $2.8m At Airport
#MoneyLaundering EFCC intercepts $2.8million at Akanu Ibiam International Airport, Enugu. The couriers have given useful information to investigators. >> bit.ly/2EJrsia
2: Bankers Warehouse is licensed by CBN to provide Cash-in-Transit services
3: We are surprised by the release of a news bulletin prior to the completion of @officialefcc investigation
3: We are surprised by the release of a news bulletin prior to the completion of @officialefcc investigation
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