The CEOs of Zenith, Providus, and Jaiz banks have reportedly been invited by the EFCC in connection with financial misappropriation and fraud linked to former Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and her predecessor, Sadiya Umar-Farouk.
The investigation involves substantial public funds directed into private accounts. Ms. Edu has denied wrongdoing, stating that her “heart and hands are clean.”
The banking executives are in EFCC custody, and the anti-graft agency is probing potential violations of anti-financial crime laws and Central Bank directives.