Zenith Bank Plc has refuted allegations suggesting that its Group Managing Director/Chief Executive Officer, Ebenezer Onyeagwu, was apprehended by the Economic and Financial Crimes Commission (EFCC) in connection to the ongoing investigation of the Ministry of Humanitarian Affairs and Poverty Alleviation.
The EFCC had previously interrogated the CEOs of Zenith, Providus, and Jaiz Banks as part of an inquiry into financial misappropriation and fraud allegedly linked to key figures within the Ministry, including Betta Edu, Sadiya Umar-Farouk (the Minister of Humanitarian Affairs and Poverty Alleviation), and Halima Shehu.
In a statement submitted to the Nigerian Exchange Limited on Wednesday, Zenith Bank’s Secretary/General Counsel, Michael Otu, categorically dismissed the reports of Onyeagwu’s arrest, emphasizing that they were entirely false.
Otu clarified, “We wish to emphasize that these reports are entirely false. The Group Managing Director was not arrested or detained by the EFCC or any other anti-graft agency and is currently fulfilling his duties at the bank.”
Zenith Bank stands firm in dispelling any rumors surrounding the purported arrest of its CEO, affirming that Onyeagwu continues to carry out his responsibilities without any hindrance.
