BusinessHighlight

Heritage bank denies any role in N13 billion fraud

877

[dropcap]H[/dropcap]eritage bank as denied involvement of Managing Director Ifie Sekibo, over the diversion of an alleged N13 billion belonging to the Oyo State Government.

The Management will want to categorically and unequivocally state that neither the MD – Mr. Ifie Sekibo nor any member of the management staff of the bank is being investigated by the EFCC on a N13billion fraud, the bank said Sunday in a statement.

“Our attention has been drawn to Sunday Punch Newspaper and other online news (Sunday 27th August) report of an alleged N13billion fraud involving the Managing Director and other staff members of the bank of funds belonging to the Oyo State government.”

“Management finds it distasteful, unethical and unprofessional of these media houses to tarnish the image of Mr Ifie Sekibo – MD/CEO and the bank.”

“Contrary to the false report released by Sunday Punch Newspaper and other online news platforms, the EFCC had informed the bank of an account (not related to OYO state government as likewise verified by the Punch Newspaper via the State’s Finance Commissioner) being investigated by the agency. Over the last week, the bank has fully cooperated with EFCC by providing various documentation and also presented its staff in this regard.”

An official of the EFCC familiar with the investigation dismissed the newspaper report as a figment of the correspondent’s imagination, insisting that the investigation has nothing to do with the MD of Heritage Bank as an individual, rather routine investigation into possible red flags on an account with the bank.

“Investigation into accounts are routine matter which the EFCC and other anti-graft bodies undertake now and then.

“Once a letter or inquiry is received from any of the anti graft bodies usually to the top management, it is directed to the appropriate quarters in this instance the relationship and compliance managers who deal with it. To concoct stories that the MD is wanted over a matter that even the Oyo State government has denied knowledge of is unfortunate,” said the official who asked not to be named as he was not authorized to speak.

This newspaper also learnt that Mr. Sekibo has been out of the country for medical check-up for quite a while, “a fact which the EFCC is aware of, and with answers provided as to the letter of the agency, one wonders how anybody could say the MD is wanted. Tomorrow it is the same journalists that would accuse the EFCC of media trial when they report inaccuracies.”

Leave a comment

Related Articles

Ebonyi Man’s Acquittal Raises Concerns Over Misuse of State Laws, Institutions – S4C

Spaces for Change (S4C) has expressed serious concerns about how those in...

Sen. Peter Nwaoboshi dies, Delta Gov. mourns

Sen. Peter Onyelukachukwu Nwaoboshi, who previously represented the Delta North Senatorial District,...

Senate confirms Mohammed, Eyesan as NMDPRA, NUPRC CEOs

The Senate has confirmed the appointments of Saidu Mohammed and Oritsemeyiwa Eyesan...

Colleagues’ Intervention Fails as Opeyemi Aiyeola Snubs Jamiu Azeez’s Apology

Nollywood actress Opeyemi Aiyeola has continued to keep her distance from her...

Supreme Court Dismisses INEC’s Appeal Against SDP, Imposes N2m Fine

In a unanimous decision on Friday, the Supreme Court threw out INEC’s...

Nigeria’s Football Leagues Get Massive Boost with ₦40bln Sponsorship Deal

Nigeria’s domestic football scene is set to receive a major injection of...

160 Suspects Nabbed in FCT’s Latest Crime Crackdown, 300 Cases Recorded

More than 300 crime cases were reported between October and December 2025 in...

Tinubu Approves New Board for NERC, Oseni Takes Helm

President Bola Tinubu has approved the reconstitution of the Board of the...

Alleged Land Document Forgery: Court Remands FCTA Director In Prison

The Director of Lands with the Federal Capital Territory Administration (FCTA), Adamu...

Breaking: FG reopens 47 unity schools

The Federal Government has announced the reopening of the 47 unity schools...

Ambassadors: Senate Confirms Jimoh Ibrahim, ex-Rivers Administrator Ibas, INEC’s Yakubu, Reno, 60 Others

The Senate on Thursday, December 18, confirmed 64 ambassadorial and high commissioner...

NPA Unveils Ambitious Plans for Maritime Growth

The Nigerian Ports Authority (NPA) is gearing up for a major transformation,...

NPA Sees Massive Growth in Export Containers, Cargo Throughput

The Nigerian Ports Authority (NPA) has posted an impressive performance in the...

NDPHC at 20: Shettima Reaffirms FG’s Commitment to Power Sector Reforms

Vice President Kashim Shettima has reiterated the Federal Government’s dedication to modernizing...

ACP Collapses, Dies During Ebonyi Police Meeting

Assistant Commissioner of Police (ACP) Ogbon-Inu Taiwo Popoola, the officer in charge...

Yuletide: FCT Police deploy 2,000 personnel to secure worship centres, others

No fewer than 2,000 police personnel have been deployed to places of...

College Provost Jailed for Fake Varsity Document

Samson Orijugo, the Provost of Adonai Advanced Institute of Management, has been...

‘I Left Over N300bln in State’s Coffers Before Emergency Rule’ – Rivers Gov. Fubara

Governor Siminalayi Fubara revealed on Wednesday that Rivers State had over N300...

House of Reps Flags Unauthorized Changes to Tax Laws

Rep. Abdussamad Dasuki has alerted the House of Representatives to alleged discrepancies...

Just In: 4 Onboard as Aircraft Crashes in Owerri

A Cessna 172, registered as 5N-ASR and operated by Skypower Express, crashed...