Zenith Bank plc has said its Group Managing Director, Peter Amangbo, was not arrested by Economic and Financial Crimes Commission (EFCC) but was ‘simply invited’ by the agency,
The bank in a notice filed with The Nigerian Stock Exchange on Tuesday titled “Invitation of Zenith Bank by the EFCC”, stated that the GMD was invited with regards to its N117 billion business relationship with the Rivers State Government.
The bank’s head of corporate communication, Victor Adoji in signed document explained that Amangbo was invited with regards to its business relationship with the Rivers State Government.
“The invitation relates to an ongoing issue between the Rivers State Government and the EFCC regarding the operation of the State Government account with their various banks of which Zenith Bank is one,” the bank explained.
“The EFCC requested information on how the Rivers State Government’s account with Zenith Bank is being operated in terms of the utilization of funds over a period of time.
“As a responsible corporate citizen, the bank honoured the invitation during which our GMD clarified the areas of concern with the Commission,” it added.