The management of the Jaiz Bank Plc. has denied reports that its Managing Director, Haruna Musa, was arrested by the Economic and Financial Crimes Commission, EFCC.
Recall that some newspapers had reported that four bank managing directors were arrested the EFCC in connection with allegations of N585million fraud hanging on the neck of the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu.
But management on the premier Islamic bank, in a statement sent to DAILY NIGERIAN on Wednesday, said the MD only submitted some documents to the EFCC to help in its investigations of the activities of the Ministry.
According to the statement, 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,” the statement added.
