Access Bank responds to media reports

Nigeria’s Access Bank officials released a statement Tuesday in response to media speculation surrounding the invitation of their CEO, Herbert Wigwe by the Economic and Financial Crimes Commission (EFCC). It reads as follows…

May 10, 2016

PRESS RELEASE

On May 6, 2016, officials of the Economic and Financial Crimes Commission (‘the Commission’), visited the Bank as part of its ongoing investigation into a specific transaction involving a customer of the Bank in the normal course of business. The visit came without any form of notification or invitation to the Bank.

The officials informed the Bank that they were investigating some transactions and sought the Bank’s cooperation. The officials met with the Group Managing Director and the Bank’s Chief Compliance Officer, who provided the needed information and documents. Thereafter, the Group Managing Director was requested to accompany them to their office to further their investigation which he willingly acceded to. Following the resolution of the underlying issues, he was allowed to leave the Commission’s office on the same day.

We have observed the wide ranging speculations in the media connecting the visits of the Commission to various personalities. We would like to state emphatically for the benefit of our stakeholders that the Bank has absolutely no link, interaction or relationship whatsoever with any of the personalities stated in the media reports.

As a Bank, we shall continue to operate in line with the highest level of professionalism, consistently seeking best practices, and hereby wish to re-assure our esteemed stakeholders that the Bank remains committed to its strategic goals and objectives.

 

Thank you.

SIGNED:

MANAGEMENT