Thursday, 11 January 2024

EFCC Grills CEOs of Providus Bank And Jaiz Bank Over Fraud

The Economic and Financial Crime Commission, EFCC, summoned the chief executives of Providus and Jaiz banks on Tuesday for questioning over alleged fraud allegations rocking the Humanitarian and Poverty Alleviation Ministry under suspended Minister Betta Edu and ex-minister Sadiya Umar-Farouq.

The bank executives invited are, Walter Akpani (Providus Bank) and Haruna Musa (Jaiz Bank).

“Yes, chief executive officers of Zenith, Providus and Jaiz Banks have been invited to the headquarters of the Commission on Tuesday for questioning in connection with the probe of Betta Edu and Sadiya Umar-Farouq,” a reliable source at EFCC 

The development comes barely 24 hours after President Bola Ahmed Tinubu suspended Edu amid uproar regarding a memo suggesting she approved the disbursement of N585,198,500 meant for vulnerable groups to a personal account.

Consequently, President Tinubu ordered a comprehensive probe of the ministry’s activities.

Earlier, Sadiya Umar-Farouq was quizzed by the anti-graft agency over alleged N37 billion fraud during her time as the Minister of Humanitarian Affairs.


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