Alleged N44Bn Fraud: EFCC Invites, Quizzes Providus, Jaiz Banks CEOs
The Economic and Financial Crimes Commission (EFCC), on Tuesday, January 9, 2024 invited and interrogated the Chief Executive Officers and Managing Directors of Providus Bank and Jaiz Bank in connection with the over N44 billion fraud allegedly uncovered in the Federal Ministry of Humanitarian Affairs, Disaster Management and Poverty Alleviation.
It was gathered that the bank executives were made to explain to the EFCC interrogators details of the transactions that passed through the various accounts domiciled in their banks.
A dependable source close to the EFCC interrogators, confirmed to Forefront News that the senior bank executives of Providus and Jaiz banks were questioned over their roles in the ₦44.5bn fraud uncovered in the Federal Ministry of Humanitarian Affairs vis-a-viz the involvement of the suspended Minister, Betta Edu.
This was as the suspended Minister of Humanitarian Affairs, Betta Edu, was equally held and thoroughly quizzed by the EFCC over her role in the ₦585million scandal that blew opened last week.
The suspension and later interrogation of Betta Edu followed the arrest and interrogation of suspended National Co-ordinator and Chief Executive Officer of the National Social Investment Programme Agency, Halima Shehu over the disbursement of N44billion without following due process in the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.
