Depositors of millions of old 500 and 1,000 Naira notes maybe in trouble, as an anti-corruption agency begins scrutiny of accounts.
People making deposits at the Ilorin branch of the Central Bank of Nigeria (CBN) are aware of this development.
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Reports emerging reveals that operatives of the Economic and Financial Crimes Commission, EFCC and Independent Corrupt Practices Commission, ICPC are visiting banks to monitor and educate depositors on the implications of depositing millions of naira with questionable sources.
Depositing For Politicians
Indeed, the target are persons depositing money on behalf of politicians. If you are one of them, the EFCC is saying that there may be a grave consequence for involving in such deposit.
They will check to be sure of where your money is from.
Security sources at the CBN branch said: “Depositors of millions of Naira will have to approach their various commercial banks after one month when the investigation into their sources of money would have been concluded.
“The action followed suspicion that some politicians are using people as fronts to lodge money in millions on their behalf as a result of the ongoing new naira swap”.
Officials of the CBN had worked on Saturday and Sunday to meet the demands of depositors.
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While Nigerians are thronging different branches of the CBN to make deposits, there are also claims that some external officers involved in the exercise, allegedly collect bribe of at least 10,000 Naira from depositors of millions of Naira to ensure easy processing for their lodgments.
An inside source told journalists that depositors have to go through three or four stages before counting and final judgment,
He said: “Some depositors stand to forfeit their lodgments if, eventually, they could not give a proper account of their sources of income after an investigation by the anti-graft agencies.”
