VOICE AIR MEDIA, News Update
The Economic and Financial Crimes Commission (EFCC), has arrested the CEOs of Zenith, Providus, and Jaiz banks over their alleged connection with the financial misappropriation and fraud linked to the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, and her predecessor, Sadiya Umar-Farouk.
The affected CEOs are Dr. Ebenezer Onyeagwu (Zenith Bank), Haruna Musa (Jaiz Bank), and Walter Akpani (Providus Bank).
Sources at the presidency said that the three bank chiefs were taken into custody by the anti-graft agency on Tuesday.
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They have been accused of facilitating the diversion of public funds into private accounts.
The anti-graft agency is currently investigating various instances of public funds diverted into private accounts, an action said to have been approved by Dr Betta Edu and Farouq using their position as ministers.
Umar Farouq is under investigation for the mismanagement of at least N37 billion in public funds designed for the conditional cash transfer programme.
While Dr Betta Edu is under probe by the EFCC over her alleged involvement in the diversion of N585 million meant for Payment of Grant for Vulnerable Groups in Akwa Ibom, Cross River, Lagos and Ogun States into private accounts.
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