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The Economic and Financial Crimes Commission (EFCC) summoned the CEOs of Zenith, Providus, and Jaiz banks on Tuesday, January 9, for questioning about the alleged N44 billion fraud discovered in the Ministry of Humanitarian Affairs and Poverty Alleviation.

According to Punch, the senior back executives were still being grilled by EFCC officials at the commission’s offices in Jabi, Abuja, as of this evening. Betta Edu, the suspended Minister of Humanitarian Affairs, appeared at the EFCC headquarters this morning for questioning about the ₦585 million scam.

The EFCC is investigating Halima Shehu, the Co-ordinator and CEO of the National Social Investment Programme Agency under the Ministry of Humanitarian Affairs and Poverty Alleviation, for alleged 44 billion fraud.

An EFCC source said that Zenith, Providus, and Jaiz banks are under investigation for the ₦44.5 billion fraud involving Edu and Shehu.

The source stated:

“The CEOs and MDs of Zenith Bank, Providus Bank, and Jaiz Bank are currently being grilled by our interrogators here at the headquarters. They were invited and are being probed in connection with the uncovered ₦44bn fraud and the ₦585million involving Halima Shehu and Betta Edu. The suspended minister and the coordinator have both made new revelations during their interrogations, and the investigation is still ongoing.”

President Bola Tinubu suspended Betta Edu on Monday due to an alleged N585 million cash transfer issue. The suspended minister was invited by the anti-graft agency in response to Tinubu’s directive for a thorough inquiry of her ministry actions.

Betta Edu’s predecessor, Sadiya Farouq, was questioned by EFCC investigators on Monday, January 7, amid charges that she laundered N37.1 billion while serving as a minister in former President Muhammadu Buhari’s cabinet.