Sterling Bank has disproved claims made by the Independent Corrupt Practices Commission over the newly designed naira notes at its Central Business District complex in Abuja.
It said this in a statement signed by its Chief Operating Officer, Raheem Owodeyi, on Wednesday, to explain what happened as opposed to the narrative of the ICPC on Tuesday.
The statement shared details of a standard regulatory monitoring exercise conducted at the CBD Abuja branch of the bank.
According to the statement, a monitoring team visited the regional centre of Sterling in Abuja on Friday.
During the inspection, it said, the monitoring team observed that the bank’s Automated Teller Machines were dispensing all denominations of the newly designed banknotes and also allowed customers to withdraw cash Over-The-Counter in accordance with stipulated pronouncements.
Owodeyi stated that officials of the bank informed the monitoring team and officials of the ICPC of the presence of N258m in the vault, as the branch served as a hub for the distribution of cash to other branches in the region.
It stated, “The branches serviced by the CBD branch include Utako, Wuye, Seda Close, Kotangora, and National Assembly offices. This, along with additional information on the branch’s function, was captured in the statement with a mention of the monitoring team’s visit to other branches to confirm reports reviewed and detailing the disbursement of cash.”
