Zenith Bank has categorically refuted reports circulating in the media suggesting that its Group Managing Director (GMD), Ebenezer Onyeagwu, was arrested in connection with alleged fraud at the Ministry of Humanitarian Affairs and Poverty Alleviation.
The bank made this clarification through a statement issued by Michael Otu, Zenith Bank’s Company Secretary and General Counsel.
Contrary to the reports that surfaced on January 9, 2024, claiming that the Economic and Financial Crimes Commission (EFCC) detained the CEOs of Zenith Bank, Jaiz Bank, and Providus Bank, the statement asserts that these reports are “entirely false and inaccurate.”
Otu emphasized that Dr. Ebenezer Onyeagwu, the Group Managing Director/Chief Executive Officer of Zenith Bank, was neither arrested nor detained by the EFCC or any other anti-graft agency. He is actively fulfilling his duties at the bank without any hindrance.
“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,” stated Otu in the release.
“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.”
