The CEOs of Zenith, Providus, and Jaiz banks were summoned by the Economic and Financial Crimes Commission (EFCC) to shed light on financial misappropriation allegations against the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and her predecessor, Sadiya Umar-Farouk.
Multiple sources revealed that the banking executives, including Zenith Bank’s CEO Ebenezer Onyeagwu, appeared at the EFCC offices on Tuesday to address questions related to the misappropriation charges.
The ongoing EFCC investigation focuses on numerous instances of substantial public funds being channeled into private accounts, allegedly sanctioned by Minister Edu and her predecessor, Sadiya Umar-Farouk, exploiting their positions.
“Dear Npower Beneficiaries, I want to assure you all to remain calm and steadfast amidst the recent accusations and suspension I am facing. My heart and hands are clean, and I am committed to fighting corruption,” Ms Edu said.
She added, “It’s essential to be aware that some individuals with impure intentions may use government machinery against you. Stay strong, and together, we will navigate through these challenges.”
Responding to the developments, a Providus Bank spokesperson stated that the matter is “under review,” refraining from providing further details. On the other hand, Jaiz Bank did not respond to requests for comments by press time.
Newsmen reported EFCC spokesperson Dele Oyewale did not comment on the matter when approached on Tuesday evening.