…Denies It’s MD Was Arrested
THE management of Jaiz Bank Plc has refuted allegations that it was involved in the alleged sleaze by funding some projects for the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Mrs Betta Edu,
The bank also said its Managing Director was not arrested nor under interrogation by Economic and Financial Crimes Commission (EFCC) operatives.
Jaiz Bank said in a statement on Wednesday that at the request of the EFCC, it submitted some documents relating to accounts opened by the Ministry of Humanitarian Affairs and Poverty Alleviation to help the agency in its investigations of the activities of the Ministry.
The interaction, according to the statement, was cordial adding that the Jaiz Bank MD immediately resumed back to his duties.
The bank added in the statement that in October 2023, it was among the financial institutions that were selected by the Ministry as a participating financial institution for the various intervention programmes of the Federal Government of Nigeria after a competitive bid, in line with the Federal Government Procurement Act.
The bank, the statement noted, was formerly instructed to open a project account by the Ministry but is yet to receive any funding into the account.
Eighteen-Eleven Media