Union Bank has claimed ownership of $2.8mn intercepted from two people, suspected to be money launderers, at Akanu Ibiam International Airport, Enugu
The bank noted that the movement of cash was a legitimate and routine operation consistent with banking
The financial institution criticised the anti-graft agency for being too hasty at disclosing the development prior to the completion of investigation
Union Bank, one of the oldest financial institutions in Nigeria, on Friday night, December 21, claimed ownership of a large consignment of cash which Economic and Financial Crimes Commission (EFCC) operatives intercepted at the international airport in Enugu.
The anti-graft had earlier announced in a statement that two men were arrested at Akanu Ibiam International Airport with a combined cash of $2.8 million (over N1 billion at N360 a dollar).
The bank in a series of tweets denied wrongdoing, saying the movement of cash was a legitimate and routine operation consistent with banking. It also added that contractors were licenced by the Central Bank of Nigeria.
Union Bank criticised the anti-graft agency for being too hasty at disclosing the development to the public, “prior to the completion” of investigation.