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Union Bank owned up to $2.8m confiscated at Enugu Airport, says ‘operation legitimate’

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The management of Union Bank has explained that the men who were arrested at the Enugu Airport by operatives of the Economic and Financial Crimes Commission (EFCC) were on a legitimate assignment.

EFCC operatives had paraded two men on Friday as alleged fraudsters who were in possession of $2.8 million.

In tweets posted on its official Twitter page, Union Bank explained that the operation was licensed by the Central Bank of Nigeria (CBN).

“Movement of cash across states is routine for all bank. Bankers Warehouse is licensed by CBN to provide Cash-in-Transit services,” the bank said.

“We are surprised by the release of a news bulletin prior to the completion of @officialefcc investigation. This is a legitimate and routine operation consistent with banking.”

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