Zenith Bank Plc has dismissed as untrue some media reports of the arrest of Ebenezer Onyeagwu, the bank’s group managing director. It was reported that Onyeagwu was arrested by the EFCC in connection with alleged fraud at the Ministry of Humanitarian Affairs.
However, Rich El O. Otu, Zenith Bank company secretary and general counsel, in a statement, on January 10, clarified that the GMD was neither arrested nor detained by the EFCC or any other anti-graft agency, as he is currently fulfilling his duties and responsibilities as the Group Managing Director of Zenith Bank Plc.
According to the statement, “the bank will continue to maintain the highest standards of integrity, accountability, and transparency and remains committed to providing exceptional banking and financial services to customers.
Part of the statement reads: “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.
“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. Zenith Bank remains dedicated to upholding the highest standards of banking and financial services.”
