The Independent Corrupt Practises and Other Related Offences Commission (ICPC) team in Oshogbo, in an effort to alleviate the state and relieve its residents of cash scarcity, on a fact finding mission, discovered that a branch of First City Monument Bank (FCMB), of the state was intentionally causing unavailability of cash.
The ICPC in a reported stated that the financial institution had loaded its Automated Teller Machine ATM, with cash still in its nylon wrapper, thus, devoiding, the machine from dispensing some sum.
According to the Commission’s report: “ICPC Compliance Team in Oshogbo has busted an FCMB in Osogbo, Osun State where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed. The Team therefore directed that the wrappers be removed, and the cash loaded properly.
“However, when a follow-up visit was undertaken the following day to ascertain the level of compliance, the Team discovered that one of the ATMs was still loaded with the wrappers un-removed.”
It reported that necessary steps are being taken as “The Operation Manager of the Bank was arrested and taken in for questioning.”
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