Emeka Ejere|
The management of Zenith Bank has explained the reason behind the invitation of its Group Managing Director, Peter Amangbo by the Economic and Financial Crimes Commission, EFCC.
Mr. Peter Amangbo, the bank’s GMD was invited by the anti graft agency over a series of transactions his bank allegedly carried out on behalf of one of Nigeria’s largest oil-producing states, Rivers, valued at about N117 billion.
In a disclosure notice signed by, Mr. Victor Adoji, its head of corporate communication, on Tuesday, the bank said that its official was “invited” by the anti-graft agency in relation to an on-going issue between the Rivers State Government and the EFCC with regards to the government’s accounts with the bank.
According to the bank, the EFCC requested details of how the River State government’s accounts were operated in terms of utilisation 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,” the disclosure, sent to the Nigerian Stock Exchange, read.
It will be recalled that the Rivers State government last Sunday said in a statement that non of its officials will appear before the anti graft agency, citing a 2007 restraining court order on the EFCC from probing the state.