Ebenezer Onyeagwu, the managing Director of Zenith Bank Plc was not arrested by the the Economic and Financial Crimes Commission, EFCC, the bank has said.
The chief executive of the bank was reported to have been arrested alongside other chief executives of two other banks by the EFCC in connection with an alleged case of fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.
The bank chief executives were also said to have been detained by the anti-graft agency.
In a statement on Wednesday, the Company Secretary and General Counsel, Zenith Bank, Michael Otu described the reports of Onyeagwu’s arrest was false and inaccurate.
The statement said: “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 the alleged fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.”
“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.
“Zenith Bank remains dedicated to upholding the highest standards of banking and financial services”
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