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Alleged fraud: EFCC arrests Zenith, Providus, Jaiz Bank MDs

The Economic and Financial Crimes Commission (EFCC) has apprehended the CEOs of Zenith, Providus, and Jaiz banks in connection with financial misappropriation and fraud involving disgraced Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu and her predecessor, Sadiya Umar-Farouk.

According to reports, the arrest is in connection to the probe of the suspended Humanitarian Affairs minister, Betta Edu and the previous minister of the ministry, Sadiya Umar-Farouq.

Farouq, who led the Ministry of Humanitarian Affairs under the previous administration of Muhammadu Buhari, is additionally accused of mismanagement of N37 billion earmarked for the conditional cash transfer program during President Buhari’s tenure.

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