Following the probe into the financial misappropriation and fraud linked to disgraced Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and her predecessor, Sadiya Umar-Farouk, Chief Executives of Zenith, Providus, and Jaiz banks are reportedly been questioned by the Economic and Financial Crimes Commission (EFCC).
Ebenezer Onyeagwu presides over Zenith Bank while Haruna Musa and Walter Akpani are CEOs of Jaiz Bank and Providus.
Although VeonewsNG could not immediately verify, Sources within the Presidency confirmed the information.
Ms Farouq, who oversaw the Ministry of Humanitarian Affairs, Disaster Management and Social Development under the previous administration, is also under investigation for the mismanagement of at least N37 billion in public funds designated for the conditional cash transfer programme of then-President Muhammadu Buhari.
The large-scale movement of funds into private accounts was partly facilitated by a potential deliberate oversight in flagging suspicious transactions —a responsibility banks bear under various anti-financial crime laws and Central Bank directives, Sources said.
The banks as well as EFCC spokesman Dele Oyewale have neither confirmed or denied the attack.
