Agents of the Economic and Financial Crimes Commission on Wednesday raided the offices of Sterling Bank Plc. in Lagos to search for documents related to “a large-scale fraud,” according to a source at the anti-corruption agency.
Later yesterday, EFCC agents arrested the bank’s managing director, Yemi Adeola. “We arrested the MD, and he remains in our [EFCC] custody undergoing interrogation,” a source within the agency disclosed to online newspaper Sahara Reporters.
The source added that the EFCC had no plans, for now, to reveal the reasons for Mr. Adeola’s arrest so as not to alert others who may have collaborated with the MD on the matters being investigated by the anti-corruption agency.
A correspondent of Sahara Reporters asked whether Mr. Adeola’s detention and interrogation has to do with any role played by the bank in handling illicit financial transactions during the Presidency of Goodluck Jonathan, but our source stood his ground, restating that the EFCC would not divulge details at this time.
Another report by an online newspaper, News Express says that the reason for the action was in connection with an undisclosed investigation.
“The operatives of the anti-graft agency quizzed the managing director of the bank, Mr. Yemi Adeola, for over two hours, but the details were not disclosed,” the report said.
__________
Follow us on Twitter at @thesignalng
Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.
