Nigeria: EFCC arrests top Zenith Bank official over N117 billion “suspicious transactions” with Rivers State
London, August 26, 2018 (AltAfrica)-Information reaching Alternativeafrica.com has it that the Group Managing Director of one of Nigeria’s largest banks, Zenith Bank has been taken into custody by Nigeria’s anti-graft agency, EFCC over a series of transactions his bank allegedly carried out on behalf of Rivers States government
The Economic and Financial Crimes Commission is alleging that the N117 billion transactions are suspicious in nature and that the bank failed to report them as demanded by law.
Sources told Alternativeafrica.com Insiders at the EFCC and Zenith Bank said Mr. Amangbo was held to explain why his bank failed to document the withdrawals, allegedly done over a three-year period
He was said to have been first invited for questioning on August 23 but freed on administrative bail and asked to return on August 24 for further interrogation.
He honoured the arrangement, turning himself in again at the EFCC headquarters in Abuja.
Our sources said the top banker was however not allowed to return home on Friday.
“He was still being quizzed as at 4 p.m. on Sunday,” one source said.
Four other officials are thought to being sought in the investigation
The spokesperson for the EFCC, Wilson Uwujaren, did not immediately return requests for comments Sunday night.