EFCC didn’t arrest our MD

Zenith Bank Plc has denied claims that its Group Managing Director/Chief Executive Officer, Dr Ebenezer Onyeagwu, was arrested by the Economic and Financial Crimes Commission concerning the ongoing probe of the Ministry of Humanitarian Affairs and Poverty Alleviation.

In a statement filed with the Nigerian Exchange Limited on Wednesday, the bank described the reports of Onyeagwu’s arrest as false.

It said the MD was neither arrested nor detained by the EFCC.

“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,” read part of the statement signed by the bank’s Company Secretary/General Counsel, Michael Otu.

There were reports on Tuesday that senior bank executives were grilled by the anti-graft agency as part of ongoing investigation of the Ministry of Humanitarian Affairs and Poverty Alleviation as well as the suspended minister, Betta Edu.

Meanwhile, the Permanent Secretary, Federal Ministry of Humanitarian Affairs and Poverty Alleviation, Olumuyiwa Enitan, has taken over the management of the ministry as directed by President Bola Tinubu following Edu’s suspension.

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