Three chief executives of prominent Nigerian banks, Ebenezer Onyeagwu (Zenith Bank), Walter Akpani (Providus Bank), and Haruna Musa (Jaiz Bank), were called to the Economic and Financial Crimes Commission (EFCC) headquarters for questioning. This development is linked to the ongoing investigation into alleged fraudulent activities within the Ministry of Humanitarian and Poverty Alleviation, involving suspended Minister Betta Edu and former Minister Sadiya Umar-Farouq.

The EFCC’s inquiry was sparked by a memo indicating that Betta Edu approved the transfer of N585,198,500, designated for vulnerable groups, to a personal account. President Bola Ahmed Tinubu promptly suspended Edu and initiated a full-scale investigation into the ministry’s operations.

In a related development, Sadiya Umar-Farouq faced questioning by the anti-graft agency regarding an alleged N37 billion fraud during her tenure as the Minister of Humanitarian Affairs.

This latest wave of investigations underscores the far-reaching ramifications of the scandal and its implications for high-profile individuals and financial institutions. The unfolding events have heightened public interest and raised significant questions about governance, accountability, and financial probity in Nigeria’s public sector.

As the EFCC delves deeper into these allegations, the spotlight remains firmly fixed on the outcomes of these interrogations and the subsequent impact on the broader socio-political landscape. The repercussions of this high-stakes saga reverberate not only within Nigeria but also across international corridors, as the pursuit of justice and transparency commands global attention.