Zenith Bank has dismissed the alleged arrest of its Group Managing Director, Ebenezer Onyeagwu, by the Economic and Financial Crimes Commission (EFCC).
The Zenith Bank Company Secretary/General Counsel, Michael Otu, made this known in a statement issued on Wednesday, January 10, 2024.
A report was circulated in some quarters of the media on Tuesday that Onyeagwu and some other bank’s managing directors were invited by the EFCC.
It was said to be in connection with an alleged fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.
READ ALSO: EFCC grills suspended minister Edu over N585m fraud
Otu, however, stated that the report was false, saying the Zenith Bank GMD was not arrested or detained by the EFCC or any other anti-graft agency.
He said Onyeagwu is currently fulfilling his duties at the bank and not in detention.
He stated: “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.
“Zenith Bank remains dedicated to upholding highest standards of banking and financial services.”
- Remi Tinubu fulfils N10m pledge to 12-year-old Ogun artist - September 11, 2026
- 2027: INEC opposes Atiku’s bid to amend suit against Tinubu, APC - September 11, 2026
- Kaduna govt fulfils 2025 FG-ASUU agreement, approves new salary for KASU lecturers - September 11, 2026
