Jaiz Bank says MD was never arrested by EFCC
Abiodun Folarin
Jaizbank Nigeria Plc has reacted to media reports that its Managing Director/CEO has been arrested by the Economic and Financial Crimes Commission (EFCC) in connection with the ongoing investigation of the Ministry of Humanitarian Affairs and Poverty Alleviation.
The Bank said in statement on Wednesday that at the request of the anti graft agency, it submitted some relevant documents in connection with the accounts opened by the Ministry.
The statement reads “The attention of Jaiz Bank Plc has been drawn to headlines in some sections of the media particularly social media platforms insinuating that some bank including that of Jaiz have been arrested by the Economic and Financial Crimes Commission (EFCC).
“The Bank would like to place on record that yesterday Jaiz Bank at the request of the EFCC has submitted some documents relating to accounts opened by the Ministry of Humanitarian Affairs and Poverty Alleviation to help the agency in its investigations of the activities of the Ministry. The interaction was very cordial and Jaiz Bank MD immediately resumed back to his duties.
“It’s instructive to state that Jaiz Bank in October 2023 was among the financial institutions that were selected by the Ministry as a participating financial institution for the various intervention programs of the Federal Government of Nigeria after a competitive bid, in line with the FGN procurement act.
“The Bank was formerly instructed to open a project account by the Ministry but is yet to receive any funding into the account.
“Jaiz Bank remains committed to contributing to the growth and development of the Nigerian economy through the provision of alternative financing options in an ethical and professional manner”.
