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Banking | Finance

EFCC Seeks Zenith, Providus And Jaiz Banks’ Assistance In Humanitarian Affairs Ministry Probe

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The Group Managing Directors of Zenith Bank, Providus Bank and Jaiz Bank, on Tuesday honoured the invitation by the Economic and Financial Crimes Commission (EFCC), to hand over documents relating to accounts operated by the Ministry of Humanitarian Affairs to the anti-graft agency.

A source within the anti-graft agency confirmed that the Banking czars departed the Abuja headquarters of the EFCC after the documents were handed over.

Multiple sources close to the banks, EFCC and the Presidency, clarified that the banks documents were requested by the anti-graft agency, to help in its ongoing investigation, into alleged financial impropriety in the Ministry of Humanitarian Affairs and Poverty Alleviation.

President Bola Tinubu, on Monday, suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and directed investigation into her Ministry.

Edu, who was grilled on Tuesday, by the EFCC, had allegedly directed the disbursement of N585,198,500.00 grant meant for Vulnerable Groups in Akwa Ibom, Cross River, Lagos and Ogun States, into a private account.

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Funsho Arogundade

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