The Economic and Financial Crimes Commission is currently interrogating Chief Executive Officers and Managing Directors of Zenith Bank, Providus Bank, and Jaiz Bank in connection with the over N44 billion fraud allegedly uncovered in the Ministry of Humanitarian Affairs and Poverty Alleviation.
Our correspondent gathered that the senior back executives are currently being quizzed by EFCC interrogators at the commission’s headquarters, Jabi, Abuja as of 4.55 pm on Tuesday.
It can be recalled the suspended Minister of Humanitarian Affairs, Betta Edu, is currently being held and is undergoing interrogation by the EFCC over ₦585million scandal.
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.
Confirming the probe of the senior bank executives to our correspondent on Tuesday, an EFCC source revealed that Zenith, Providus, and Jaiz banks are being questioned over the ₦44.5bn fraud uncovered in the ministry involving Edu and Shehu.
The source said, “The CEOs and MDs of Zenith Bank, Providus Bank, and Jaiz Bank are currently being grilled by our interrogators here at the headquarters.
“They were invited and are being probed in connection with the uncovered ₦44bn fraud and the ₦585million involving Halima Shehu and Betta Edu.
“The suspended minister and the coordinator have both made new revelations during their interrogations, and the investigation is still ongoing.”
Edu was suspended by President Bola Tinubu on Monday, over an alleged N585m cash transfer saga.
The suspended minister was invited by the anti-graft agency in compliance with Tinubu’s order that a comprehensive investigation encompassing her activities in the ministry be carried out, a top source in the anti-graft commission told reporters.
Edu’s predecessor, Sadiya Farouq, was queried by EFCC interrogators on Monday, over allegations that she laundered N37.1 billion while serving as a minister in former President Muhammadu Buhari’s cabinet.
Also, Shehu was earlier arrested in connection with an alleged ₦44billion money laundering and had been mandated to report to the EFCC every day following her release last Wednesday.
The NSIPA Coordinator was arrested and taken into EFCC custody Tuesday night following her suspension.
It was learnt that the ₦44bn was suspiciously moved from NSIPA’s accounts into private and corporate accounts linked to persons serving as fronts.
Confirming her release from EFCC custody in a telephone interview with our correspondent on Thursday, the spokesperson for the EFCC, Dele Oyewale said Shehu has been mandated to meet with EFCC interrogators every day as the investigation continues.
Oyewale said, “Halima Shehu has been released, but she is still answering to 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.”
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