@POLITICSNGR

Zenith Bank has reacted to the arrest of its top executive, Peter Amangbo, by the Economic and Financial Crimes Commission (EFCC).

Recalls, that the Group Managing Director (GMD) of the bank, Peter Amangbo, was allegedly arrested over a series of transactions his bank allegedly carried out on behalf of one of Nigeria’s largest oil-producing states, Rivers.

The EFCC alleged that the transactions, at least N117 billion in value, are suspicious in nature and that the bank failed to report them as demanded by law.

Amangbo was first invited for questioning on August 23 but was freed on administrative bail and asked to return on August 24 for further interrogation. He was questioned again on Monday and was still at the EFCC office on Monday night.

The bank, in a statement signed by its head of corporate communication, Victor Adoji, on Tuesday, confirmed that its official was “invited” by the anti-graft agency in relation to an on-going issue between the Rivers State Government and the EFCC with regards to the government’s accounts with the bank.

The bank said the EFCC requested details of how the River State government’s accounts were operated in terms of utilisation of funds over a period of time.

“As a responsible corporate citizen, the bank honored the invitation during which our GMD clarified the areas of concern with the commission,” the disclosure, sent to the Nigerian Stock Exchange, read.

https://politicsngr.com/zenith-bank-md-peter-amangbo-not-arrested-full-details/

Fake news spreading like wildfire



Sai Baba

......in other news

[quote author=Issafela post=70710752][/quote]
Uhn?!

post=70710742:
......in other news

Better still, damage control.

I see some political undertone in this. I has to be River state tho. Its PDP vs APC IMO

Never again

Afonja r angry because Igbo r ruling d banking industry

Fake News Is The Main Thing Right Now!

EFCC trying hard to indict Rivers state government with financial misappropriation.

OkpaAkuEriEri:
Afonja r angry because Igbo r ruling d banking industry

IsaAbubakar, you again
You are also OlaAshawo. Bloodkiller and the rest
See the plenty accounts only one person operate .
Are you a robot?

Abeg... Efcc should start doing same to all other states.

They should visit Skye bank too.

I've always said that the huge revenue Lagos is raking in is not commensurate to the development on ground. Go to Surulere, an old part of Lagos, you'll still find untarred roads.

Tinubu should please take it easy on us

When will the EFCC be interested in Lagos or Kano state accounts ? Magu is just a partisan, nepotic cow

Cool

4601CE:

IsaAbubakar, you again
You are also OlaAshawo. Bloodkiller and the rest
See the plenty accounts only one person operate .
Are you a robot?

u dnt no wat u r saying

RZArecta2:
When will the EFCC be interested in Lagos or Kano state accounts ? Magu is just a partisan, nepotic cow

Efcc is just a toothless bulldog and a partisan federal government agency. If not why only Rivers state.

OkpaAkuEriEri:
Afonja r angry because Igbo r ruling d banking industry

WHAT HAVE YOU DONE FOR YOURSELF?