Union Bank is not happy with the Economic and Financial Crimes Commission (EFCC) over the seizure of $2.8 million at the Akanu Ibiam Airport in Enugu State.

Union Bank said the movement of cash across states in Nigeria is routine for all banks and blasted the anti-graft agency for issuing a statement, before completing its investigation.

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EFCC had arrested two suspects, namely Ighoh Augustine and Ezekwe Emmanuel, allegedly working for a firm, Bankers Warehouse, with two suitcases containing $1.4m each, totalling $2.8m, at the departure lounge of the airport while about to board an Arik Air evening flight to Lagos

In a series of tweets on Friday evening, the bank defended the movement of cash across states, describing it as a legitimate process for all banks.

It also explained that the Bankers Warehouse, is licensed by the Central Bank of Nigeria to provide Cash-in-Transit services.