JUST IN: Zenith Bank Reacts to the Alleged Arrest Of Its CEO, Ebenezer Onyeagwu


Zenith Bank Plc has denied reports claiming that its Group Managing Director and Chief Executive Officer, Ebenezer Onyeagwu, was arrested by the Economic and Financial Crimes Commission (EFCC) on Tuesday.

In a statement signed by Company Secretary Michael Otu, the bank described the arrest rumours as “entirely false” and a “fabrication.”

The statement added that Dr. Onyeagwu was not detained or questioned by the EFCC or any other investigative agency, and is currently at his office carrying out his duties.

The statement read, “We have become aware of inaccurate reports circulating on social media and certain news outlets alleging that Dr. Ebenezer Onyeagwu, the Group Managing Director/Chief Executive Officer of Zenith Bank was arrested and held by the EFCC on January 9, 2024, in connection with an alleged fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.

“We wish to clarify that these reports are entire false. The group managing director was not arrested or detained by the EFCC or any other anti-graft agency and he is currently fulfilling his duties at the bank.

“We are issuing this public statement to dispel the misinformation and ensure that the public and our stakeholders are currently informed.

“Zenith bank remain committed to upholding the highest standard of banking and financial services.”


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