Zenith Bank Dismisses Report on GMD's Arrest, Says Onyeagwu on Duty

AgegePulse Magazine 

Zenith Bank Dismisses Report on GMD's Arrest, Says Onyeagwu on Duty

Zenith Bank PLC, one of Nigeria's leading financial institutions, has dismissed as entirely untrue reports on the purported arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, in a section of the media.

The reports had claimed Dr 

Onyeagwu was arrested by the EFCC in connection with alleged fraud at the Ministry of Humanitarian Affairs. 

The foremost lender however clarified that the GMD was neither arrested nor detained by the EFCC or any other anti-graft agency, adding that he is currently fulfilling his duties and responsibilities as the Group Managing Director of Zenith Bank Plc.

This was contained in a statement issued by the bank in Lagos on Wednesday and signed by Rich El O. Otu, its Company Secretary/General Counsel.

The statement added that the bank will continue to maintain the highest standards of integrity, accountability, and transparency and remains committed to providing exceptional banking and financial services to customers. 

"We have become aware of inaccurate reports circulating on social media and certain news outlets alleging that Dr. Ebenezer Onyeagwu, the Group Managing Director/Chief Executive Officer of Zenith Bank Plc, was arrested and held by the EFCC on January 9, 2024, in connection with an alleged fraud at the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.

"We wish to clarify that these reports are entirely false. The Group Managing Director was not arrested or detained by the EFCC or any other anti-graft agency and is currently fulfilling his duties at the bank.

"We are issuing this public statement to dispel the misinformation and ensure that the public and our stakeholdârs are accurately informed.

"Zenith Bank remains dedicated to upholding the highest standards of banking and financial services," the statement read.

LASTMA Dismisses Officer Over Misconduct, Bribe Allegation | AgegePulse Magazine

By Ayodele Ifasakin

The Lagos State Traffic Management Authority (LASTMA), has announced the dismissal of an officer of the agency after being found guilty of misconduct by a Disciplinary Committee.

A statement signed by the General Manager, Mr. Olajide Oduyoye, said the officer, who was seen in a viral post on Facebook soliciting for bribe from a vehicle owner, faced disciplinary action in accordance with the extant rules of the Lagos State Civil Service and, subsequently, his appointment terminated.

Oduyoye explained that the Personnel Management Board (Disciplinary Committee) set up to probe the allegation of bribery, corruption and serious act unbecoming of a Public Officer leveled against him, held a meeting on Friday, 11th June, 2021 and found him culpable of gross misconduct as stipulated in the Public Service Rules.

He noted that every organisation has its bad eggs but deemed it unfair for members of the public to categorise all LASTMA staff as corrupt, urging members of the public to share their experiences and provide evidence whenever they encounter misdemeanour by the agency's staff. 

The LASTMA Chief Operating Officer implored road users in Lagos to always comply with the State Traffic Law in order not to run foul of the law, pointing out that violation will attract consequences.

Emphasising the need for compliance, Oduyoye said, “This is necessary in order to promote the ‘Greater Lagos’ vision for the benefit of all and for the realisation of Governor Babajide Olusola Sanwo-Olu’s T.H.E.M.E.S. Development Agenda, particularly in respect of the Traffic Management and Transportation pillar.

He also revealed that 11 officers of the Agency have so far faced various disciplinary actions from Y2020 till date, stressing that some of the officers had their appointments terminated, some demoted and others reprimanded for various infractions.