NEW NAIRA NOTES: BANKS GET N52 BILLION IN CASH DEPOSITS IN TWO WEEKS
Only two weeks after the Central Bank of Nigeria (CBN) announced plans to redesign certain naira notes, around N52 billion in cash has been deposited.
There were hints that the deposit amount would rise in the coming days because it's believed that there was roughly N3 trillion in cash in circulation when the apex bank announced the new policy.
According to the CBN, some of the identified depositors included businessmen, politicians, Bureau De Change operators, financiers of real estate, traders, and others.
Additionally, it was discovered that banks are required to maintain records of depositors, including institutions, by the Economic and Financial Crimes Commission (EFCC) and other security organizations.
High-profile depositors, particularly currency hoarders and money launderers, may soon be subject to screening.
Security and intelligence services have confirmed significant cash deposits of N52 billion in banks in less than two weeks, according to a trustworthy source who was armed with facts and numbers.
According to the source, on Tuesday in Abuja, several members of one of the agencies came before a Senate Committee behind closed doors.
From the source, "As the cash was being taken to banks, we were getting the details of all the depositors and in some cases, we could trace the sources.
"As of Tuesday, over N52billion cash has been deposited in various banks. Some of the deposits have been traced to some politicians, Bureau De Change operators, suspected money launderers, middlemen, drug barons, businessmen and traders.
No comments:
Leave comment here