The Economic and Financial Crimes Commission (EFCC) is currently interrogating Chief Executive Officers (CEOs) and Managing Directors of Zenith Bank, Providus Bank, and Jaiz Bank in connection with an alleged over N44 billion fraud uncovered in the Ministry of Humanitarian Affairs and Poverty Alleviation. The investigation is also related to the suspended Minister of Humanitarian Affairs, Betta Edu, who is being held and undergoing interrogation over a ₦585 million scandal. Additionally, Halima Shehu, the Co-ordinator and Chief Executive Officer of the National Social Investment Programme Agency, is being probed over an alleged ₦44 billion fraud.
According to an EFCC source, the senior bank executives are being questioned at the EFCC headquarters in Abuja. The CEOs and MDs of Zenith Bank, Providus Bank, and Jaiz Bank were invited for interrogation in connection with the ₦44.5 billion fraud and the ₦585 million involving Halima Shehu and Betta Edu.
Betta Edu was suspended by President Bola Tinubu over the alleged ₦585 million cash transfer saga. She, along with Halima Shehu, has been making new revelations during their interrogations, and the investigation is ongoing.
Halima Shehu was arrested in connection with the ₦44 billion money laundering and had been mandated to report to the EFCC every day following her release. The EFCC is tracing suspicious transactions related to the alleged fraud in the Ministry of Humanitarian Affairs and Poverty Alleviation, and the investigation is still ongoing.
