Union Bank Staff Perfects ATM Robbery Of N5.8 Million In Anambra As 2 Banks Show Signs Of Distress, Fail CBN’s Test

     

Robbers struck at Union Bank Abagana , Njikoka local government area Anambra state stealing N5.8 Million loaded in the ATM.

The robbers after the operation that lasted for hours escaped uncaught without anybody knowing it was an insider plan until the bubble burst. They spared the lives of the security men even when allegedly persuaded by the bank staff to ’waste them’.
The security men on duty odogwuemekaodogwu.blogspot.com reports were arrested and tortured at the police but they have nothing to say about the robbery. The insider perfected it in such a way to ensure suspicion never come his way but unfortunately his voice was detected by one of the security men on duty while exchanging calls with the robbers.
He has the key to the ATM and kept it where only the robbers can have access to it when they strike but when they could not see it they had to make a desperate call inside the bank and were discussing on speaker out.
The man names withheld by odogwuemekaodogwu.blogspot.com , but he is a Yoruba man trusted with the key to the ATM.  He was later arrested  and every other apparatus used to track the discussion and deals  he had as a confirmation to the security statement. The SARS and the bank has an understanding now as investigation is ongoing.
The force PPRO Uche Ezeh could not be reached but policemen who have no authority to speak to the press confirmed the robbery and arrests, adding that most robbery and theft now in bank are insider involvement.
The security men were transferred to the SARS where they said all they knew
Meanwhile, two banks have failed to meet the stipulated Capital Adequacy Ratio (CAR) of 10 per cent, according to New Telegraph.
“Consequently, the Central Bank of Nigeria (CBN) has directed management of two lenders whose CAR fell below threshold as at end of August 2014 to recapitalize,” the paper reported this morning.
According to the report, “The two banks, whose identities were not disclosed by the apex bank, have been put under close monitoring for compliance. CBN Deputy Governor (Economic Policy), Dr. Sarah Alade, disclosed this to bank chiefs last Thursday at the Bankers’ Committee meeting in Abuja, where she presented the latest report on state of the economy and banking sector.
“Nigeria joined other global banks to adopt the Basel I and Basel II Accord in response to the deficiencies in financial regulation revealed by the financial crisis of 2007–2008. The Basel Accord is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk. It stipulates that banks meet the regulatory minimum CAR of 10 per cent.
“The CAR, also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank’s capital to its risk. Regulators track a bank’s CAR to ensure that it can absorb a reasonable amount of loss and comply with statutory capital requirements.
“This ratio is used to protect depositors and promote the stability and efficiency of financial systems around the world. Two types of capital are measured: tier one capital, which can absorb losses without a bank being required to cease trading, and tier two capital, which can absorb losses in the event of a winding up and so provides a lesser degree of protection to depositors.”