Depositors of millions of old N500 and N1,000 notes are under the scrutiny of anti-corruption agencies at the Ilorin branch of the Central Bank of Nigeria.
Operatives of the Economic and Financial Crimes Commission and Independent Corrupt Practices Commission, among others, are on ground to monitor lodgments and educate depositors on the implications involved in depositing millions of naira with questionable sources.
Depositors, suspected to be fronting for politicians to lodge money on their behalf, are educated by the anti-graft agencies on their actions.
“Depositors of millions of naira will have to approach their various commercial banks after one month when the investigation into their sources of money would have been concluded,” a security source said.