Efcc Arrest Jim Ovia, Md Of Zenith Bank.

guy, abeg if u'ree going to post gist please post your source now, thats hnow its done here, i hear zenith bank has a lot of govt money in it sha,

Here is the news. This is no gossip. It was reported by Punch and Tribune newspapers.




N3.2b Scam: EFCC Quizzes Jim Ovia, Zenith MD
Lanre Adewole, Abuja - 20.12.2008

The Economic and Financial Crimes Commission {EFCC}on Friday arrested the Managing Director of Zenith bank, Mr Jim Ovia over an alleged money laundering deal worth N3.2 billion. Commission’s spokesperson, Mr. Femi Babafemi confirmed his invitation over the matter.


Our sister publication, the Nigerian Tribune had exclusively reported on Thursday that the commission had launched a manhunt for him.

Saturday Tribune gathered that he would be arraigned over the alleged deal on January 12 alongside three other staff of the bank.It was learnt that Ovia was taken in at noon on Friday and was interrogated for more than six hours, though there were indications that he would be released on administrative bail yesterday.


An Abuja Chief Magistrate Court in Life Camp, Abuja, on Thursday issued a remand order on the three officials that would see them remaining in the commission’s custody till January 12, when all the four accused persons would be jointly docked.


Saturday Tribune had also exclusively reported the arrest on Tuesday, of three top officials of the bank over the matter. An influential accountant with the bank, who is reportedly on the run, is also being wanted by the commission.


It was reliably gathered that the commission had already sealed off the accountant’s eye-popping mansion in a high-brow area of a state in the South-South geo-political zone. Six exotic cars found on the premises of the house were also said to have been sealed off with the property. The bank is allegedly involved in money laundering saga.


The move to arraign the detained officials on Thursday was thwarted by the on-going strike action by court workers. In the charge against them, the names of the detained three officials were given as Kanu Chimezie, Olakunle Orupe and Patrick Okagwu.


The bank MD and officials would be facing trial in connection with alleged money laundering involving high-profile individuals.


The bank was alleged to have been used in laundering the said money and the boss and the three officials were said to have been directly involved in the deal.


Commission’s Chairman, Mrs Farida Waziri, reportedly ordered a high-profile investigation into the activities of the bank after investigation abroad showed that large sums of money was moved from Nigeria to Europe without the bank reporting to the commission as required by the extant laws guiding banking operations in the country.
 

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