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Betta Edu: “Our GMD not detained by EFCC” – Zenith Bank

Ojimaojo Abubakar by Ojimaojo Abubakar
January 11, 2024
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Betta Edu: “Our GMD not detained by EFCC” – Zenith Bank
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Zenith Bank Plc has dismissed the arrest of its Group Managing Director, Mr Ebenezer Onyeagwu, by the Economic and Financial Crimes Commission (EFCC).

The bank’s Company Secretary/General Counsel, Mr Michael Otu, disclosed this in a statement made available to the Nigerian Exchange Ltd. (NGX) on Wednesday in Lagos.

The News Agency of Nigeria (NAN) reports that an unverified report was circulated in some quarters of the media on Tuesday that Onyeagwu, among some other bank’s managing directors were invited by the EFCC.

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It was said to be in connection with an alleged fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.

Otu stated that the report was entirely false, as its group managing director was not arrested or detained by the EFCC or any other anti-graft agency.

He noted that Onyeagwu is currently fulfilling his duties at the bank, and not in detention.

“We wish to clarify that these report are entirely false.

“We are issuing this public statement to dispel the misinformation and ensure that the public and stakeholders are adequately informed,” he said.

According to Otu, Zenith Bank remains dedicated to upholding highest standards of banking and financial services.(NAN

ALSO READ:  CNG frowns over high prices of goods amidst naira appreciation
Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

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