“Why It’s Fake News” – Insider On Story Linking Sterling Bank C.E.O Abubakar Suleiman To EFCC

“It’s fake news!” an insider has reacted to a report claiming the Chief Executive Officer of the Sterling Bank Abubakar Suleiman was recently grilled by the anti-corruption agency, Economic and Financial Crimes Commission (EFCC).

A report, picked up by some platforms, claims the Chief Executive Officer who led Sterling Bank to double-digit growth in its bottom-line in 2020 with a 15.9 percent growth in pre-tax profit to N12.4 billion, despite the adverse effect of the COVID-19 pandemic was grilled for hours over a controversial N20b allegedly owned by Kogi State.

But an insider in the know insists to SocietyNow.Ng that “The MD (Managing Director) has not been invited by EFCC this year.”

The source explains a routine interaction between the bank and the EFCC happened when the story of the N20billion in the coffers of the financial institution allegedly owned by Kogi State broke out last year – 2021.

The fund which the Kogi State government insists it doesn’t own was transferred to the Central Bank of Nigeria in November 2021.

The checks by SocietyNow.Ng revealed it is in the public domain that the EFCC engaged the Bank in the course of the development last – 2021.

SocietyNow.Ng further gathered that at press time there has not been an invitation extended to Sterling Bank topman by the EFCC this year, not to talk of “grilling for hours”. over the matter or any other.