The management of Jaiz Bank has denied viral media reports on Tuesday claiming that its Managing Director, Haruna Musa, was arrested by the Economic and Financial Crimes Commission (EFCC).
In a statement on Wednesday obtained by The Herald, the bank said it honoured a request by the anti-graft agency and submitted documents relating to accounts opened by the Ministry of Humanitarian Affairs and Poverty Alleviation.
Jaiz Bank said the documents were submitted to help the EFCC’s investigation into the activities of the ministry.
Recall that the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, was recently suspended by President Bola Tinubu.
She was subsequently quizzed by the EFCC over alleged fraudulent activities in the ministry under her leadership.
According to the bank, Musa’s interaction with the EFCC was “very cordial” and he resumed his duties shortly after the EFCC visit.
“It’s instructive to note 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 formally instructed to open a project account by the Ministry but is yet to receive any funding into the account,” the statement read in part.