By Barbara Bako, Abuja
Jaiz Bank Plc has denied news report doing rounds the social media insinuating that its officials are in the custody of the Economic and Financial Crimes Commission (EFCC) over financial wrongdoings.
Reacting on Wednesday, the Bank said its officials were at EFCC on Tuesday at the request of the Commission to submit some documents relating to accounts opened by the Ministry of Humanitarian Affairs and Poverty Alleviation to help the agency in its investigations of the activities of the Ministry.
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The statement read further:
“The interaction was very cordial and Jaiz Bank MD immediately resumed back to his duties.
“It’s instructive to state that Jaiz Bank in October 2023 was among the financial institutions that were selected by the Ministry as a participating financial institution for the various intervention programs of the Federal Government of Nigeria after a competitive bid, in line with the FGN procurement act.
“The Bank was formerly instructed to open a project account by the Ministry but is yet to receive any funding into the account.
“Jaiz Bank remains committed to contributing to the growth and development of the Nigerian economy through the provision of alternative financing options in an ethical and professional manner.”
