The Economic and Financial Crimes Commission (EFCC) is currently questioning CEOs and Managing Directors from Zenith Bank, Providus Bank, and Jaiz Bank regarding an alleged fraud of over N44 billion in the Ministry of Humanitarian Affairs and Poverty Alleviation.
The senior bank executives are undergoing interrogation at the EFCC’s headquarters in Jabi, Abuja.
The suspended Minister of Humanitarian Affairs, Betta Edu, is also being held and questioned in connection with a ₦585 million scandal.
Additionally, Halima Shehu, the Coordinator and CEO of the National Social Investment Programme Agency, is under investigation for her alleged involvement in a ₦44 billion fraud within the ministry.
The EFCC confirmed the probe of these bank executives and mentioned ongoing revelations from both Edu and Shehu during their interrogations.
President Bola Tinubu suspended Edu, prompting an extensive investigation into her ministry-related activities.
Previous officeholders like Sadiya Farouq are also facing inquiries over allegations of financial misconduct.
Shehu, previously arrested concerning the ₦44 billion money laundering case, has been released but is required to meet with EFCC interrogators daily.
The EFCC spokesperson highlighted ongoing efforts to trace suspicious transactions linked to the Ministry and its agencies, cautioning against definitive figures due to the complexity of interventions and transactions under scrutiny.
