Sterling Bank PLC has accused the government and the news media of malicious and vicious manipulation, myth-making, and sabotage in its inability to manage a crisis.
This was in response to a report that the Independent Corrupt Practices and Other Related Offences Commission discovered the sum of Two Hundred and Fifty-Eight Million Naira (N258m) stashed in the vault at the head office of Sterling Bank in Abuja.
In a tweet signed by Paul H. Weaver on Wednesday, he revealed that the government and the media have colluded as the government wants to appear like it’s responding to a crisis.
“The news media and the government are entwined in a vicious circle of mutual manipulation, mythmaking, and self-interest. Journalists need crises to dramatize news, and government officials need to appear to be responding to crises.”
It revealed that most of the crises are fabrications by the two institutions that are unable, to tell the truth to the public and the government is inefficient to govern.
“Too often, the crises are joint fabrications. The two institutions have become so ensnared in a symbiotic web of lies that the news media are unable to tell the public what is true, and the government is unable to govern effectively.”
According to ICPC, the stashed money was found in the bank’s vault, it was informed that the cash was the remnant of what the CBN had given the bank for onward distribution to its branches.
The team however found out that only the sum of Five Million Naira (N5m) each was distributed to their various branches.
Both the Regional and Service managers were arrested and later granted administrative bail while the investigation continues.
