Betta Edu & N44 Billion: Why EFCC Quizzed Zenith, Providus, Jaiz Banks CEOs

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The Chief Executive Officers and Managing Directors of Zenith Bank, Providus Bank and Jaiz Bank are being quizzed by the Economic and Financial Crimes Commission in connection with the over N44 billion fraud allegedly uncovered in the Ministry of Humanitarian Affairs and Poverty Alleviation.

At about 4:55 pm on Tuesday in Abuja, the chief executives of the three banks were being interrogated at the EFCC headquarters.

Also, Halima Shehu, the embattled Co-ordinator and Chief Executive Officer of the National Social Investment Programme Agency domiciled in the Ministry of Humanitarian Affairs and Poverty Alleviation is being probed by the EFCC over an alleged ₦44bn fraud.

An EFCC source confirmed and revealed that Zenith, Providus, and Jaiz banks are being questioned over the ₦44.5bn fraud uncovered in the ministry involving Edu and Shehu.

Oyewale said, “Halima Shehu has been released, but she is still answering our interrogators, and she has been mandated to meet with investigators every day as the investigation is ongoing.

“Concerning reports on the ₦44bn and ₦30bn making the rounds, the commission is still tracing all the suspicious transactions, her agency was under the Ministry of Humanitarian Affairs too.  

“There’s a lot of money involved because the Ministry and agencies are focused on interventions. Hence, we can’t put a figure to all of the transactions now because the commission is still tracing the transactions.”

[SA]