Zenith Bank said the EFCC did not arrest nor detain its MD/CEO, Ebenezer Onyeagwu.
By Jeffrey Agbo
Zenith Bank Plc has debunked reports that its Managing Director, Ebenezer Onyeagwu, was arrested by the Economic and Financial Crimes Commission (EFCC).
Several news platforms reported on Tuesday that the Managing Directors of Zenith Bank, Providus Bank, Unity Bank, and Jaiz Bank were arrested by the EFCC in connection with the ongoing investigation into the financial misappropriation charges levelled against the former Minister of the Humanitarian Affairs and Poverty Alleviation, Sadiya Umar-Farouq, and her successor Betta Edu.
It was also claimed that the bank executives were detained.
Reacting to this, the company secretary and general counsel, Michael Otu, said in a statement on Wednesday that Mr Onyeagwu was neither arrested nor detained by the EFCC.
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The statement said, “We have become aware of inaccurate reports circulating on social media and certain news outlets alleging that Dr. Ebenezer Onyeagwu, the Group Managing Director/Chief Executive Officer of Zenith Bank Plc, was arrested and held by the EFCC on January 9, 2024, in connection with the alleged fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.
“We wish to clarify 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.
“We are issuing this public statement to dispel the misinformation and ensure that the public and our stakeholders are accurately informed.
“Zenith Bank remains dedicated to upholding the highest standards of banking and financial services.”
