Access Bank Breaks Silence, Speaks On EFCC’s Arrest Of MD, Herbert Wigwe - Islanders Magazine

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Saturday, 11 January 2020

Access Bank Breaks Silence, Speaks On EFCC’s Arrest Of MD, Herbert Wigwe

Access Bank on Friday debunked claims that its Managing Director, Herbert Wigwe was arrested by the Economic and Financial Crime Commission (EFCC).

The report making the rounds on the arrest of Herbert Wigwe, suggested that the Access bank Md was arrested in connection with “Some transactions and assets involving a jailed politician and businessman Orji Kalu and other“

In a swift reaction, Access Bank in a letter signed by its Company Secretary Sunday Ekwochi, denied the report of the arrest of its MD, saying the issue relates to credit facilities that was availed to Slok Nigeria Limited by the defunct Diamond Bank which the bank inheritted as a result of its merger with Diamond Bank.

“Our attention has been drawn to a trending report on social media regarding the alleged arrest of Mr. Herbert Wigwe, the Group Managing Director of Access Bank Plc (Access Bank’) by the Economic and Financial Crimes Commission (‘the Commission’).

“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. Arrest on social media

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