Zenith Bank Denounces False Claims of CEO’s EFCC Arrest, Affirms Dr. Ebenezer Onyeagwu Continues Official Responsibilities

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Zenith Bank PLC, a prominent financial institution in Nigeria, vehemently refutes recent claims circulating in certain media outlets regarding the alleged apprehension of its Group Managing Director, Dr. Ebenezer Onyeagwu.

Contrary to these unfounded reports, the bank asserts that Dr. Onyeagwu has not been subjected to arrest or detainment by the Economic and Financial Crimes Commission (EFCC) or any other anti-graft agency. The allegations suggesting his involvement in fraudulent activities at the Ministry of Humanitarian Affairs are entirely baseless.

In an official statement released in Lagos on Wednesday, the bank, through its Company Secretary/General Counsel, Rich El O. Otu, clarified that Dr. Onyeagwu is actively performing his duties and fulfilling his responsibilities as the Group Managing Director of Zenith Bank Plc.

Emphasizing its commitment to upholding the highest standards of integrity, accountability, and transparency, the bank reassures its customers and stakeholders that it will persist in delivering exceptional banking and financial services. Zenith Bank PLC remains resolute in maintaining its reputation as a trustworthy and reliable financial institution.

The statement reads; “We have become aware of inaccurate reports circulating on social media and certain news outlets alleging that Dr. Ebenezer Onyeagwu, the Group Managing Director/Chief Executive Officer of Zenith Bank Plc, was arrested and held by the EFCC on January 9, 2024, in connection with an alleged fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.

“We wish to clarify that these reports are entirely false. The Group Managing Director was not arrested or detained by the EFCC or any other anti-graft agency and is currently fulfilling his duties at the bank.

“We are issuing this public statement to dispel the misinformation and ensure that the public and our stakeholders are accurately informed.

“Zenith Bank remains dedicated to upholding the highest standards of banking and financial services.

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