EFCC lacks power to investigate Rivers’ financial transactions, says Wike

Rivers State governor, Nyesom Wike, has reiterated that the Economic and Financial Crimes Commission (EFCC), has no powers to investigate the financial transactions of the state government.

Wike said that before EFCC could investigate Rivers government, it must first vacate the Federal High Court judgement that declared that it could not investigate the financial transactions of the state.

He spoke during a courtesy visit by the Group Managing Director Designate of Zenith Bank Plc, Mr. Ebenezer Onyeagwu.

He said: “EFCC has no powers to look into our financial transactions. You cannot be giving our financial transactions to the EFCC, because that is illegal.

“Unless the EFCC sets aside the judgement, they have no powers to look into our financial transactions. Not that we are afraid, but due process must be followed,” the governor stated.

He said that if Zenith Bank refuses to obey the court judgement, Rivers government would be compelled to file the necessary processes to ensure the right thing is done.

The governor commended Zenith Bank for supporting projects execution in the state through facilities, saying that the state government would complete the payment of loans acquired by May ending.

“You have supported the state in terms of infrastructure. You have also supported us for our inauguration,” he said.

He, however, urged the management of Zenith Bank to consummate the long relationship with the state government by ensuring that Rivers people grow in the bank.

Governor Wike congratulated Onyeagwu on his appointment, as the Group Managing Director Designate of the Zenith Bank, saying that his appointment was due to commitment and hardwork.

“Since 1999, this relationship has been there and it will be there. Try to ensure that Rivers people grow in the bank,” he said.

Earlier, Onyeagwu congratulated Governor Wike on his re-election.

“Everyone of us in Zenith Bank is very pleased with the success you have recorded. We also want to use this opportunity to congratulate you on your victory in the last election and wish for a glorious second term,” he said.

Onyeagwu said that Zenith Bank prays for Governor Wike to make greater progress during his second term. He said that he was in Rivers State to inform the governor that he would take over the leadership of the bank on June 1, 2019.

“Zenith Bank and Rivers State have been in partnership for over 20 years. We want to assure you that at this moment, our expectation is that this partnership will get even bigger and stronger.

“We want to assure you of our utmost loyalty and support for the ideas and aspirations of your government. It’s our pleasure that Zenith Bank is willing to support the various development initiatives of your government.

“At this second half, going by your disposition, going by your perspective that we know, our expectation is that it will even be raised higher. Even as the tempo is raised higher, the support of Zenith Bank will remain consistent,” Onyeagwu assured

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