EFCC Drills Access Bank's MD Over Orji Uzor Kalu

The Economic and Financial Crimes Commission (EFCC) has interrogated the Group Managing Director of Access Bank Plc, Herbert Wigwe, over Slok Nigeria Limited, a company owned by the convicted former governor of Abia State, Orji Kalu.

The ex-governor was jailed last December for 12 years after being convicted of N7.65 billion fraud. The court also ordered the winding up of his company.

It was learnt that the defunct Diamond Bank gave loans to Slok.

Following the merger of Diamond Bank with Access Bank, Mr Wigwe and other officials of Access Bank who were handling the bank’s recovery efforts on Slok credit were invited for interrogation by the EFCC.

A statement on Saturday by Access Bank debunked reports on social media alleging Wigwe’s arrest.

The statement said: “We wish to state that the issue essentially relates to the credit facilities that were availed Slok Nigeria Limited (‘Slok’) by the defunct Diamond Bank Plc (‘Diamond’) and which were secured by Slok’s assets charged to Diamond. Access Bank had inherited the Slok credit following the recent merger of Diamond with Access Bank.

“Given the differing interests of the commission and the bank on the assets of Slok deriving from the court’s recent judgement on Slok, the commission had invited for interrogation officials of Access Bank who were handling the bank’s recovery efforts on Slok credit including its Group Managing Director.”

The bank said it believes that issues relating to Slok investigation have been resolved considering “fruitful engagement between the bank and the commission.”

Access Bank assured its stakeholders that it would continue to conduct its business in line with extant laws and regulations.

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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