Recall that the EFCC had intercepted the cash at the Enugu airport on Friday from two Nigerians, claiming that they were suspected money launderers.
According to the anti-graft agency, the suspects, namely Ighoh Augustine and Ezekwe Emmanuel, were reporter working for a company: Bankers Warehouse, were nabbed based on intelligence report.
It was gathered that the suspects confessed to being in the business of conveying cash for “some notable banks”, for over six years and were in the process of doing same for Union Bank Plc, when they were nabbed.
But on Friday in a series of tweet the bank defended the movement of cash across states, describing it as a legitimate process for all banks.
Union Bank also said, that the Bankers Warehouse, is licensed by the Central Bank of Nigeria (CBN) to provide Cash-in-Transit services.
Union Bank , therefore, criticized the anti-graft agency for releasing a statement without “completing investigations”.