UPDATE! Zenith Bank Confirms EFCC Arrest Of GMD, Peter Amangbo

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Zenith Bank confirms that it’s Group Managing Director, Peter Amangbo, is in the custody of the Economic and Financial Crimes Commission (EFCC). (See previous post here).

The bank released a statement signed by its Head of Corporate Communication, Victor Adoji, on Tuesday claiming Amangbo was “invited”(although reports reaching us say he was indeed arrested) by the anti-graft agency in relation to an on-going issue between the Rivers State Government and the EFCC with regards to the government’s accounts with the bank.

The statement claims Amangbo was first invited for questioning on August 23 but was freed on administrative bail and asked to return on August 24 for further interrogation. He was questioned again on Monday and was still at the EFCC office on Monday night.

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