Photo : Screen shot of Union Bank’s response
Union Bank says the seized money belongs to her, and insists that it’s a legitimate process for all the banks.
The EFCC had intercepted the cash at the Akanu Ibiam International Airport, Enugu, Nigeria on Friday, December 21, 2018; 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.
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.
Union Bank in a series of tweets on Friday evening, however, 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.”