EFCC denies arresting Zenith, Jaiz Banks MDs

EFCC Chairman, Olanipekun Olukoyede

EFCC denies arresting Zenith, Jaiz Banks MDs

Zenith Bank Plc and Jaiz Bank Plc have dismissed reports that their Group Managing Director, GMD, Ebenezer Onyeagwu, and Managing Director, MD, Mr. Haruna Musa respectively were arrested by the Economic and Financial Crimes Commission, EFCC.
On January 9, 2024, there were media reports that the Economic and Financial Crimes Commission (EFCC) detained the CEOs of Zenith, Jaiz and Providus Banks.

But in a statement on Wednesday, Michael Otu, Zenith Bank company secretary and general counsel, said the reports are “entirely false and inaccurate”.

“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 an alleged fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation,” Otu said.

“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.”