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EFCC didn’t arrest our MD – Access Bank

Access Bank Plc has denied its group managing director, Mr. Herbert Wigwe, has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud.

Some online media had reported the Access Bank boss was arrested in connection with the assets of former Abia Governor, Orji Uzor Kalu, alleged money laundering for former Petroleum Minister, Deziani Allison-Madueke, as well as alleged inflation of contracts linked to former Lagos State Governor, Akinwunmi Ambode.

In a notice to the Nigerian Stock Exchange (NSE) last Friday by the Company Secretary, Sunday Ekwochi, the lender denied the reports.

It stressed that its officials were only invited for interrogation over credit facilities availed Slok Nigeria Limited (owned by Orji Uzor Kalu) by the defunct Diamond Bank plc (which Access Bank had inherited following its merger with Diamond Bank) and which were secured by Slok’s assets charged to Diamond Bank.

The bank further explained the issues had been resolved.

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