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ICPC Finds N258 Million New Notes Stashed In Sterling Bank, Arrests Officials

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ICPC Finds N258 Million New Notes Stashed In Sterling Bank, Arrests Officials

ICPC Finds N258 Million New Notes Stashed In Sterling Bank, Arrests Officials

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has found the sum of N258 million new notes stashed in the vault at the head office of sterling Bank, Abuja.

The agency arrested officials of the bank as the scarcity of the new naira persists.

The spokesperson of the Agency, Azuka Ogugua, who revealed this in a statement said the finding came as a result of one of the operations the commission carried out to ensure that the commercial banks and other interest groups do not disregard the apex bank’s direction.

According to her, the ICPC monitoring team visited the bank and found the hidden 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 N5million each was distributed to their various branches.

“Both the Regional and Service managers were arrested and later granted administrative bail while the investigation continues.

“In a similar vein, the Commission has effected the arrest of the Head of Operations, Keystone Bank, Mararaba in Nasarawa State for frustrating its customers at getting the new Naira notes.

“The ICPC team, while on its routine operation, found out that the Automated Teller Machines (ATMs) at the branch were not dispensing to its customers, while other bank customers were accessing only One Thousand Naira.

“It was only after the arrest was made and clarification received from CBN that the position of the officers of the bank was not correct, that the ATMs started dispensing N5000 to non-customers and N10,000 to its customers.”

ICPC Finds N258 Million New Notes Stashed In Sterling Bank, Arrests Officials

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Reps Reject CFR Honour for Abbas, Accuse Presidency of Bias

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The House of Representatives has expressed strong dissatisfaction over what it described as discriminatory treatment following the conferment of national honours by President Bola Tinubu.

In a motion backed by all 360 lawmakers, the House voiced its discontent with the decision to award Senate President Godswill Akpabio the Grand Commander of the Order of the Niger (GCON), while Speaker of the House, Tajudeen Abbas, received a lesser honour—the Commander of the Order of the Federal Republic (CFR).

The lawmakers also noted that the Chief Justice of the Federation, Justice Kudirat Kekere-Ekun, received the GCON honour despite being lower in rank than the Speaker.

Arguing that both chambers of the National Assembly are equal, the lawmakers rejected the perception of the Green Chamber as a lower chamber and urged President Tinubu to rectify what they termed an oversight.

The honours were announced by Tinubu during a broadcast marking Nigeria’s 64th Independence Day Anniversary in Abuja.

In addition to Akpabio’s GCON award, Deputy Senate President Barau Jibrin was conferred the CFR honour, while Deputy Speaker Benjamin Kalu received the Commander of the Order of Niger (CON).

The House has called on President Tinubu to address the imbalance and accord the Green Chamber the recognition it deserves.

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Annual Leave: President Tinubu Leaves For UK

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President Bola Ahmed Tinubu will depart Abuja today for the United Kingdom to begin a two-week vacation as part of his annual leave.

A statement by the Special Adviser to the President (Information & Strategy), Bayo Onanuga, on Wednesday said he would use the two weeks as a working vacation and a retreat to reflect on his administration’s economic reforms.

According to the statement, the president will return to the country after the leave expires.

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Ethics, morals, key to positive economic growth – Shettima

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Shettima

Vice President Kashim Shettima has said that an ethical and morally upright society is essential for attracting investors and promoting economic development.

Shettima, who was represented by Bashir  Maidugu, Senior Special Assistance to the President on Legal and Compliance Matters,  Office of the Vice President, said this at a Webinar tagged: “Let’s Talk Ethics’’ on Tuesday in Abuja.

The theme of the Webinar is: “Community Engagement for Ethical Transformation, Leadership and Integrity.”

It was convened by the Civil Society for Ethics and Values Development Initiative (CSEVDI) to mark the Independence Day anniversary.

According to Shettima, the call was imperative because a nation’s morals are like the teeth, the more decayed they are, the more it hurts to touch them.

He said that President Bola Tinubu had a lot of agenda for the growth of the nation.

He said that the Renewed Hope Agenda of the current government could not be an effective transformative policy without a sincere ethical transformation, authentic leadership and uncompromising integrity at all levels.

He added that Nigeria was in dire need of a reorientation, a repositioning of Nigeria and Nigerians with respect to the values they should hold dear in order for the nation to be where it ought to be.

“I am impressed with the organisers of this webinar because this is a responsibility of all Nigerians, as mothers, as parents, as teachers, to ensure that ethics, morals, are imbibed in ourselves, in our youth, so that we have a better society.

“This is because without a morally upright society; without an ethically upright society, there won’t be a positive economic growth.

“Investors will be very unwilling to invest in such a society.

“So, it is our collective responsibility, not only for government, and the private sector, but the responsibility of every Nigerian, to ensure that we do things according to how they should be done.

“Not because people are looking at us; not because we want people to notice it, but because these are the right things to do. Do the right thing at all times, and then we will have a better society.’’

He reiterated that Nigeria’s seven national ethics as prescribed by the 1999 Constitution were discipline, integrity, dignity of labour, social justice, religious tolerance, self-reliance and patriotism.

“The teeth that are our morals are hurting because this code of national ethics has been observed more in the breach than in true and good faith.

“We have sunk into an ethical wilderness of despairingly unimaginable proportions.

“The totally negative value system that has resulted from abandoning the noble path of ethical conduct has had serious consequences for our individual corporate image and reputations both home and abroad,” he said.

Shettima said the first step towards the overhauling of the national ethics would be a revolutionary re-orientation of the value system of the society.

He said there was a need to embark on an authentic search for that genuine national culture that would reshape Nigeria’s core value system, national character and national image.

He urged Nigerians to be very patient with the government because it had positive programmes for the country but it required sacrifice.

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